Considering purchasing a commercial property? Having difficulty obtaining finance via mainstream lenders?
Then Flakus and Associates can provide you with a quick and stress-free finance solution.
With mainstream lenders credit policy tightening, Private Lenders have been improving their position by providing finance for a short term solution to the client via finance brokers.
Private Lenders offer more flexibility and better responsiveness that may not be possible with traditional banks. Generally, there are limited documentation requirements and all loans must be in corporate entities.
Most private loans from Private Lenders are funded by wholesale or retail investors. Normally, these loans are “Interest Only” for a short term, and may be ‘Rolled Over” for a further term of say, 12 months. Loans are generally capped at 65% of valuation and may increase to 75% (as a 2nd mortgage).
Flakus and Associates has been providing Private Loans as a finance option for many clients. Call Paul on 0417 567 747 to discuss.
Tags: private lenders funding, real estate, real estate finance