First Mortgage Private Loans Made For Melbourne
Bespoke First Mortgage Loans Delivered As Needed
Getting a first mortgage private loan with Royce Stone Capital, will ensure three things. Firstly, you'll get a bespoke loan for your situation, with people that understand business. Secondly, you'll have certainty of funding being provided in an urgent fashion to meet your needs, because of the family offices we work with. Thirdly you'll have access to long term family office capital, that want to back good business operators and offer better terms as a function of time. All of our client relationships go into years and are rarely a one off.
- Settlement within 7 business days or less.
- Loans up to $20M
- Low market rates
- Interest only loans or capitalised interest.
- Higher LVRs than most first private mortgage lenders.
- Accept various forms of property security, that most banks don't look at.
Work with us today, to discover a new way of private lending, tailored for you!
Non bank urgent funding, first Mortgage Loans
When To Use A First Mortgage Private Loan
First mortgage private loans serve as an optimal solution for short to medium-term financial needs, typically spanning from 3 months to 2 years. These loans are designed to address business cash flow challenges, provide swift liquidity in urgent situations, or empower investors and developers to conduct transactions seamlessly. All of this is free from the constraints of traditional banking and second tier lenders. Experience the flexibility and convenience of our tailored financial solutions.
- Refinance for investment properties.
- Finance for investment properties.
- Borrowing against property assets for cash flow.
- Land banking.
- Borrowing against assets.
- When urgent funding is required for business cashflow.
Contact us today, so we can get you immediate access to funds!
HOW TO GET A FIRST MORTGAGE PRIVATE LOAN
Application Process For Your First Mortgage Private Loan
At Royce Stone Capital because of the family offices we work with, we have a unique streamlined methodology of providing first mortgage loans that keeps the process simple and get rid of all the red tape. Our initial DD is comprised of the below.
- Our partners conduct an internal valuation (9 times out of 10, external valuations aren't required, thus saving you time and money.
- We require a borrowing entity usually a company or trust.
- We require a copy of your ID.
- We require an exit plan (how you will repay the funds) and what the funds will be used for.
Work with us today, to discover a new way of private lending, tailored for you!
THE BENEFITS OF A FIRST MORTGAGE LOAN
Advantages of First Mortgage Finance With Royce Stone Capital
Getting a first mortgage private finance solution with Royce Stone capital, means you get the flexibility and urgent funds you require to succeed. Whether it is for a business cashflow, refinance, investment, equity release or property development purposes, you can move forward with confidence.
- Use funds to get you out of cashflow problems by releasing equity when the bank won't lend you funds.
- Use the funds to invest into business opportunities to help you realize profits.
- Borrow funds to do property development or renovations for commercial reasons.
- Secure a an exclusive network of family offices and HNW investors who you to win.
Contact us today, so we can get you immediate access to funds!
What are the interest rates for first mortgages?
A first mortgage private loan is usually more expensive than a bank on face value based off interest rates, but it is cheaper in terms of the opportunity cost. As private lenders take on deals and more risk that a bank can't take on, helping borrowers to get funds when they otherwise can't.
Think of the upside of solving your cashflow problems, or being able to take advantage of business opportunities and the profit you’d make if you had access to capital!
Usually private loans work on a 4% to 8% margin that is higher than BBSW rate / RBA rate. Depending on the asset class, risk, term of the loan and LVR of the loan.
What this means for borrowers, is that as interest rates go up at a bank level, many private lenders become more competitive with a bank rate, as the difference between bank rates and private rates gets smaller. The cost of capital usually depends on where capital is sourced from, which is why we source capital from a family office to get you the lowest cost of capital.
What are the eligibility requirements for a first mortgage?
All our private first mortgage loans are for business or investment purposes only. To qualify for a loan with us is relatively simple, as we can do no doc , and no credit check loans.
1. You must have a ACN or ABN as a borrowing entity.
2. The funds must be for investment or business purposes.
3. You have security in the form of a first mortgage being provided with an adequate LVR - some deals we can go up to 80% LVR of the as is value.
4. You have an exit strategy to repay the loan (refinance, sale of asset, business venture).
5. You can service the interest cost or pay it in advance out of the loan amount.
What is a first mortgage loan?
A first mortgage private loan, is funded by a private lender, which can be a instituion, company, fund or individual that is of a high net worth capacity. At Royce Stone Capital our deals are funded by family offices only.
How quickly can a first morgage loan be funded?
How quickly can you put yor paperwork together? Usually we can settle deals within 5 business days if you move quickly.
What is the difference between a first mortgage and second mortgage loan?
A mortgage is a registered security interest a lender such as a bank or private financing company has over your property. A first ranked mortgage, aka first mortgage means that lender ranks ahead of all other lenders. Because their security position is very secure, the pricing of these loans is very cheap.
A second mortgage loan, means the second mortgage lender ranks behind the interests of a first mortgage lender. This means they are the mercy of the financial terms of the first mortgage lender, and the remaining equity available to them, after the first mortgage lender has taken their financial interest.
Because second mortgage loans carry more risk, they are priced higher than first mortgage loans. Second mortgage loans solve certain business problems, and should be used in certain instances. You can read more about our second mortgages here.
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