We finished off December with one of our largest months of lending to date. Thank you to our brokers for an amazing 2019, it’s only possible with your support.
Ok it’s time to get back to my pet peeve. Slimy private lenders.
Tags: Urgent Finance, Short term finance, short term loan, the secured lending difference, liquidation
Private Lending School
Lesson 3: Speed of Funding - How to Determine the Reality of "Fast" Funding
So you need a fast funding solution? Most of the funders in this space seem to promise exactly that, so how do you work out how long a funder is actually going to take? It’s all about asking the right questions and doing your homework.
Tags: Urgent Finance, Short term finance, short term loan, the secured lending difference, limited access in funding, banks closed, liquidation, partly completed development
Some recent scenarios we have funded demonstrate our depth of expertise and what’s lurking beneath the waters:
Tags: Short term finance, short term loan, the secured lending difference, limited access in funding, banks closed, liquidation, partly completed development
Private Lending School
Lesson 3: Speed of Funding - How to Determine the Reality of "Fast" Funding
So you need a fast funding solution? Most of the funders in this space seem to promise exactly that, so how do you work out how long a funder is actually going to take? It’s all about asking the right questions and doing your homework.
Tags: Short term finance, short term loan, the secured lending difference, limited access in funding, banks closed
Private Lending School
Lesson 2: Interest Rates - All that glitters is not gold
Lesson 1 I focused on term sheets. This post I will focus on interest rates and costs.
This topic hit home to me this week when a broker called me about a deal and asked me to price a loan, which I did, to which he called me and said "I have a cheaper option".
Tags: Short term finance, short term loan, the secured lending difference, limited access in funding, banks closed
My last post struck a chord it would seem. I received lots of messages from brokers sick of the games that are often played in the private loan industry.
Who would of thought #removethescumfromprivatelending could get such a response.
The questions that I was asked following the post and the obvious increase of brokers entering this space suggested to me more education is needed. So over the next posts I will unpick this world for you that will hopefully assist you navigate it safely.
Tags: Short term finance, short term loan, the secured lending difference, limited access in funding, banks closed
There is so much noise in the media about the impacts of the Royal Commission on the Bank’s appetites and the resulting flow through effects to the property market that for some it can be difficult to know where the hype ends and reality begins.
Much like our feathered friends in a coal mine, reading the early indicators are essential for survival in such a volatile market.
Tags: Short term finance, short term loan, the secured lending difference, limited access in funding, banks closed
Speed and reliability is what brokers are telling us and for these reasons they keep coming back to Secured Lending.
A Melbourne based developer had some cost over runs on a partially complete development site and needed a cash injection of $1,250,000 to meet such costs.
Tags: Urgent Finance, Short term finance, short term loan, partly completed development
We were approached by a broker as his Client’s existing loan was due to expire in a week.
Notwithstanding earlier representations, the Client was advised by the Lender ‘the investor wants their money back’ (read: we are going to charge you default interest). Both the Client and the Broker knew that if the loan defaults, they will be charged with large default fees and interest.