Private Lending
Looking for alternative finance to fund a project or acquisition? Private Lending may be for you...
Private Lending or Private Loans are money pooled by private investors, boutique lending firms, solicitors funds and family offices that are lent out via a 'fund manager' or private lender.
These lenders operate in an unregulated market providing 1st and 2nd mortgage arrangements. They have higher establishment fees, higher interest rates and are for shorter terms ranging from 3 months to 3 years. Private Loans require a clear exit strategy from the outset, which could be the sale of an asset, sale of other assets, refinancing or clearance from cashflow.
Private Loans can range from $100,000 to $100,000,000 depending on the funder, sponsors and the project.
Key benefits of using Evoke:
- Advice from award-winning mortgage and finance brokers with over 25+ years experience
- Access to reputable Private Lenders who have a track record of ethical dealings with their clientele
- Insight on commercial exit strategies to assist with moving you from a Private Loan to a Bank Loan in a reasonable time frame
- Access to your own personal finance broker for the life of your loan
For more information about Private Lending, request a call below.
Disclaimer: Subject to the lender's terms & conditions and credit approval criteria. Please ensure you seek your own personal legal and taxation advice for your situation.