Private Lending

Access our vast network of Private Lending channels. Standard lending sources might not always be available due to limitations in lending criteria, so our Loanright team of Sunny Coast brokers invests in relationships, for when the bank says no and private money is a suitable solution for business loans, residential and commercial property loans.

Private lenders are generally not bound by the same regulations as standard banks and lenders and will generally make a call based on the overall risk of the applicant and the security provided. However, private lending generally comes with an expensive price tag, which may come in the form of high interest rates or upfront fees. Before you approach a private lender, we’ll want to take a look at the whole picture and see if there is a cheaper and more suitable alternative.

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Our Private Lending Promise

Most of our enquiries for Private lending come after clients have been turned away from their Bank or another Broker. Their experience with banks and brokers to date has led them to believe that Private Lending is the only option. Often this is not the case, and our Specialist Lenders are able to assist our clients with more favourable loan terms and lower costs than those proposed by Private Lenders. If there’s a cheaper option with better loan terms, we’ll make sure you have every chance to access it. A quick chat with us over the phone will give you a good idea of what options are available to you.

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Sunshine Coast Brokers Who Care About Your Financial Success

We typically use private lenders in Australia to provide short term loans, in the form of private mortgages, or bridging finance, but there are many options. In some cases, Private Lending is the only solution, and could provide you with the means to negotiate more favourable terms to a vendor, immediate access to funds, or a more favourable repayment structure. But, with the up sides to Private Lending, there can also be some associated risks.

Private Lending is generally advanced over a short term, and penalties for not repaying the loan by the agreed date can be expensive, and in some cases even result in re-possession of property. If re-payment of your Private Loan source relies on future lending, we’ll give you some insights as to what banks will need to see and help you with this when the time comes to clear the debt.

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Documents To Provide To Private Lenders

Private Lenders, like any other lender, will need to verify your financial position and identify all individuals associated with the loan and any related properties.

  • Identification: Generally, a Driver’s Licence and Passport
  • Statement of position: We’ll work through this with you and can provide this to the lender with your consent
  • Proof of property ownership: Rates Notice or Title Search
  • Debt Disclosure: Let us know any credit card or personal loan debts you’re currently juggling.
  • Plan to repay: You’ll need to discuss your strategy to repay the loan by the end of the agreed loan term. If future lending is required, we can help you with this..

Private lenders keep things simple and since they take a charge over your property, their risk is generally covered. Assessments are fast and documentation requirements are low.

Mortgage Brokering Process For Private Lending Solutions

Getting a home loan isn’t always a walk in the park—it can be a bit of a process, but if you team up with one of our mortgage brokers, we’ll have your back every step of the way, making sure you’re on the right track from the get-go.

  • Initial Chat: A quick phone call will generally give us an idea whether there may be an alternative option or if Private Lending is most likely. Either way, we’ll be able to give you a good understanding of the process, expected time frames and where to next.
  • Collection of information: To conduct a full review and so that we can recommend the best way forward, we’ll need to verify your Income, Expenses, Assets, Liabilities, and previous lending conduct. We’ll let you know what to provide on a case by case and this will depend on your income types, assets, and existing liabilities.
  • Review Options: Once we review all your information, we’ll have a pretty good idea where the best appetite will be in the market. We’ll then workshop your application with some lenders on a ‘Hypothetical Basis’ to make sure that they want your business to see what they’ll offer. Remember, we want to get you the best deal possible, so we won’t limit our research to ‘Private Lenders’ and will be working to find you the best result across our network.
  • Referral: If it turns out that none of our panel lenders will accept your risk and/or offer you acceptable lending terms, Private Lending might be the way forward. Since Private Lenders are generally un-regulated and their terms are designed by negotiation with the borrower, we are often unable to make a formal recommendation on their products. However, we can put you in touch with some Private lenders so that you can discuss their terms directly and see if they’re the right fit for you.
  • Lender acceptance and Settlement: The process with each Private Lender will be different, but in most cases, once all parties agree on the terms, a formal loan agreement will be drawn up for you to sign. We highly recommend seeking some advice from your Accountant and Lawyer on the Lender’s proposal, to identify the risks, make sure their terms align with your current and ongoing needs and position, and that the contract is written up accordingly. Once you sign the contract, settlement can generally occur quickly, but time frames will depend on the lender as well as the security you provide for the loan.

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Private Money & Lending Support

When you’re applying for private lending services, it’s designed to be less overwhelming than working with the banks. Here’s how we keep things simple for you.

  • While we can’t always make a formal recommendation on a Private Loan product, we’ll first work with our contacts in the ‘Specialist’ finance market to see if we can find you the cheapest and most suitable solution.
  • Before you finalise your agreement with the Private Lender, we’ll look at your terms and give you some guidance on potential future lending options to pay out the Private Loan with a cheaper alternative. This may require some future changes to your financial position or situation. We can’t predict future lending guidelines, but we can give you an understanding of where you’d need to be based on current requirements.
  • Chances are that you’ll be able to refinance to a cheaper product before the end of your Private Loan term. Most likely there will be some key checkpoints where your position will be well worth a review, for example, end of financial year. We’ll diarise these and check in to make sure you don’t miss out if there’s a better option available.

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How Can Private Lending Help Your Financial Growth?

Private funding can be a good solution where red tape gets in the way of standard or specialist loan sources. These loans are usually a short-term fix, but they can provide the means to proceed with your plans until such time that standard or specialist lending becomes available.

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Why Use Brokers To Secure Private Lending?

While we can’t make a direct recommendation on Private Lending, we can work with you to make sure you have a plan for future lending to clear the Private Loan and help you with this when the time comes. This can remove some risk when entering into a Private Loan agreement. We can also look at alternative options to see if there’s a better solution today.

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Customer Reviews & Comments

Instead of talking our private lending team up, please take a moment to read the our customer reviews from Sunshine Coast locals. This is a direct feed from our Google business reviews, so you know all comments are 100% genuine.

Tim McGary
12/4/2024

OMG!! These guys are next level good. They have just settled our new home loan and we had another guy that took 4 weeks and did nothing. We then called these guys after a friend said they were amazing. They got us a home loan approved from start to finish in 35 days and I have just been released from a personal bankruptcy a few months back. We were unconditional on our purchase contract by the time we met these guys so they had to do everything perfectly and super quick. They did it with ease and the customer service and follow up and friendly attitude was totally incredible. I couldn’t recommend them anymore if I tried.

Daniel O’Dea
12/4/2024

Brett and Alicia came highly recommended from a work colleague. I had previously gone through a pre approval process with another broker (which will remain unnamed). The difference was night and day. Being a first home buyer I had no idea what I was doing. Both Brett and Alicia were so accomodating and answered all my silly questions and walked me through EVERYTHING step by step. We had my pre approval through in about a quarter of the time of the last brokers!! Once I found the home I wanted to buy it was literally the easiest thing in the world. They will be getting all my business.

Mellissa Lambert
17/1/2024

We’ve used the expertise of Luke, Shayna and the Loanright team on two separate occasions now, I must say their service is second to none and they get the job done In record time. No question was too silly, they always have time for us. Would use again and recommend in a heart beat to anyone else needing brokerage assistance. Many thanks.

Rosalyn Taylor
12/4/2024

Brett and Alicia were a fantastic team to work with. Efficient, knowledgeable and supportive. They made the process so much easier than it could have been. Highly recommend!

Kimberley Priest
12/4/2024

Have had the best experience working with these guys to purchase our investment property. Great application system, so quick and easy, and all questions answered promptly along the way. Highly recommend!

Thea Hambuechen
12/4/2024

It has been a pleasure dealing with Luke and his team. During the process Alicia and Shayna have been very informative and kept in contact regularly to make sure we knew what was happening every step of the way! We will definitely be using Loanright in the future and highly recommend. Thank you again for helping us purchase our first home.

Nicholas Hopkins
12/4/2024

Luke and his fantastic team will take care of everything, An honourable mention to Deb Moss for meeting me at 6 am at a BP station to sign docs on here day off to enable me to get the house I had been chasing for months. Ledgends. Have dealt with Luke and his team before and will use them again and again their service is second to none.

Cassie McKee
12/4/2024

Luke and Shayna were awesome during the process of us buying our first home. So many things can be confusing during the process for first time and they were always happy to talk us through things no matter how small. Held our hand through the process and were able to get us into our first home. Very glad we found them. Highly recommend Loanright

Tegan Shingles
12/4/2024

Sam & Shayna have been fantastic throughout my whole processing of purchasing my new home. No question went unanswered and both have always been a pleasure to talk to.

Felipe Prado
12/4/2024

We trust the Team at Loanright with our financial guidance. Throughout the whole process they make sure you are informed in time, accurately and with all the transparency you could ask for. It really sets you at ease that they have your best interest in mind. Their customer service is prestine and always available for you to ask any questions you may have. Thank you Loanright Team!

Ashley Pearce
12/3/2024

Luke and the team helped us with a refinance and we couldn’t be happier with the result. I would highly recommend the Loanright team to anyone.

Adrian Chrisanthou
12/4/2024

Thanks so much Brett for your professionalism and tenacity in regards to getting my deal done with loanright. I look forward doing business with you in the future as I found the experience seemless and timely. Keep up the great work Brett and team

Frequently Asked Questions About Private Funding

What loan terms do private lenders offer?

Loan terms are designed by negotiation with the Private Lender. They are usually structured over a maximum of 2 years and can be P&I, Interest only, or Interest Capitalised and Compounding. Legal and settlement fees are usually charged upfront.

Do private lenders assess income?

Sometimes, however in most cases income assessments are not required. This is because Private Lenders are not generally Licenced to provide lending to consumers and lend to companies for business purposes instead.

What rates do private lenders offer?

Interest rates and fees will vary depending on the applicant’s individual circumstances and required loan terms. Consideration will be made on the security provided, the use of funds, the duration of the loan, and the repayment terms.

What loan terms do private lenders offer?

Loan terms are designed by negotiation with the Private Lender. They are usually structured over a maximum of 2 years and can be P&I, Interest only, or Interest Capitalised and Compounding. Legal and settlement fees are usually charged upfront.

Do private lenders assess income?

Sometimes, however in most cases income assessments are not required. This is because Private Lenders are not generally Licenced to provide lending to consumers and lend to companies for business purposes instead.

What rates do Personal Lenders offer?

Interest rates and fees will vary depending on the applicant’s individual circumstances and required loan terms. Consideration will be made on the security provided, the use of funds, the duration of the loan, and the repayment terms.

Enquire About Our Private Money Lenders

Where traditional lenders have strict lending criteria, private finance tends to cut through the red tape. If you’d like more information about accessing funds for business finance, commercial or residential property development or purchasing, our private money partners are eager to hear about your business plans. Please contact us for a confidential discussion, and we’ll happily assist.

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