PRIVATE LENDING

FINANCE THROUGH PRIVATE MEANS

Fund your business or property without getting the bank involved

At Margin, we have access to private lenders who can assist with getting you financed when traditional mortgage products may not be applicable.

We understand that sometimes it can be almost impossible to meet traditional lenders’ nondescript approach to lending, and if you don’t fit within their mostly narrow lending criteria then you can be left without many options.

Sometimes even if you do fit the traditional lending criteria, it can take a lot of time and resources to get you approved, which is not always convenient or helpful.

Private lending is primarily for business purposes as private loans are classified as ‘unregulated loans’ that do not fall under the National Consumer Credit Protection Act.

Why Private Lending Could Help You

  • Your income needs a flexible verification

  • Different types of security are considered

  • Impaired credit history and/or outstanding ATO debt

  • Needing to settle quickly for an urgent transaction

Private Lending FAQ

  • Private lending rates are typically higher than any major bank or lender.

    Depending on the risk of the deal/borrower, you might see rates starting at about 7-8% and they can reach up to 12-15% +

  • It can vary dramatically from lender to lender depending on their ‘appetite’ for risk.

    We recommend speaking with your broker as they will be able to recommend a private lender that is best suited to your situation.

  • Most private lenders will require you to sign a declaration that will state that the private loan is for business purposes.

  • Nope! At Margin, we have access to a range of private lenders that can help in circumstances like these, as long as you have equity in your property and/or assets that can be used as ‘security’.

  • Generally speaking, private loans are typically used for:

    Businesses that have a funding gap/shortfall for a short period of time.

    This may include property developers; businesses acquiring new businesses/sites; or newly formed businesses with no financials or financial records.