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