Private Lenders – Pacific 8 Pty Ltd
Pacific 8 was established in 2015 to supply private mortgage loans to a selection of borrowers over the Australian Eastern seaboard. Currently, Pacific 8 has extended over $200 million of credit through second and third registered mortgages in addition to Caveat Loans.

Pacific 8 offers quick approvals, straight forward and streamlined procedures and moderate interest levels which are based and assessed on risk.

Pacific 8 currently operates under an AFSL (Australia Financial Services License) and is controlled with a RM (Responsible Manager).

We operate under an Australian Financial Service Licence No. 480508.

Lending Standards
Conservative lending standards have already been adopted by Pacific 8 to cut back systematic risk. For instance ,:

Registered first as well as second mortgages
Deeds of priority
Caveats to shield against pending formal registration
Account Management using the Mortgage Office™ Software
Experienced Management Team
Controlled by an ASIC approved Responsible Manager
Maximum Ltv Ratio of 75%
Personal Property Security Register (PPSR)
No consumer lending
Personal & Corporate Guarantees
ASIC Compliant
Home mortgages and Management
Pacific 8 will consider the following: 1st registered mortgages, 2nd registered and unregistered mortgages, Caveat loans, mezzanine finance and Equity loans – all being secured over residential, commercial, retail and/or industrial real estate property assets.

You will need to remember that all loans are assessed by Pacific 8 internal credit committee and all documentation is verified by our lawyers and vetted by our responsible manager before a loan could be settled.

Interest levels are set by Pacific 8, having regard to factors such as the prevailing market rates, the type of loan, the nature with the security provided, the loan stipulations, the identity in the Borrower (including loan servicing software and credit score) and other matters that Pacific 8 may consider relevant.With an experienced management in position however, you happen to be assured of speedy approval and processing of one’s loan.
Private Mortgage
Pacific 8 Pty Ltd has generated its business around Private Mortgage lending and gives a selection of Private Mortgages for example First Ranking Mortgages, Second Ranking Mortgages, unregistered and also Caveat Loans.

A Private Mortgage is traditionally funded from your private lender rather than bank or non-bank lender. If the lender has declined to proceed, or doesn’t hold the turnaround times suitable Pacific 8 Pty Ltd just might provide you with a “Private Mortgage”.

When assessing a “Private Mortgage” application we primarily look at the underlying asset being real estate. If you have sufficient equity from the security we look more at the asset rather than the previous issues you may of had.

For more information about Private Lender view this useful net page.