I trust that 2023 has started well for
you.
As reported late last week in
"Mortgage Business" magazine… "refinancing activity in December
reached its second highest level ever, while the value of new loans continued
to fall."
As you know, more interest rate increases
are likely! With the current round of rate hikes, increasing refinance activity
and tightening credit policies, we believe that there will be greater
borrower demand for genuine "home office" private lending in the
coming year, and an increasing volume of funds available from private investors
to service that demand.
We have been asked to highlight our exact
services briefly, but with sufficient information for you to know whether or
not we may be of service to you.
We
provide - First Mortgage Loans for Residential Investment (acquisition of
refinance) as outlined below. Yes, we do provide Development, Commercial &
other Structured Loan Facilities. You should contact us to discuss the
particular scenario.
PMCS is not
a Finance Broker. We do not deal directly with borrowers and all of our
business comes from referral sources.
Our traditional expertise is in private
lending.
We do however have an Australia-wide,
“non-conforming” product which we can use to “exit” our own private position,
or which may offer a better option where there is sufficient processing time to
settlement and/or where a higher LVR or longer term is required.
PRIVATE
& NON-CONFORMING LOANS AVAILABLE
Below is a summary product guide. For
further details, please contact PMCS.
PRIVATE
LVR
Up
to 70% (65% preferred)
Rate
10-12% fixed
Type & Term One year (minimum 6 months), interest only
Location
Major
centres (Eastern States preferred)
External
Valuation May
not be required for conservative LVR
Establishment
fee From
1.25%, and may be built into the loan interest rate under some circumstances
NON-CONFORMING
LVR Up to 75%
Rate 8.99%
(variable - RBA)
9.49% (fixed one year
- up to 3 years available)
Type &
Term Up to 3 years, interest only
Location
Capital cities and major
regional centres, Australia-wide
External
Valuation Required in all instances
Establishment
fee 2.00%
I look forward to hearing from you to
discuss any scenario.
Steven Acworth
Mobile +61
488 22 44 16
Email steven@sma.fund
Web www.pmcs.fund
