Private Lender in Perth

Yes, on those values. 70% of $2,400,000 is $1,680,000, which is $220,000 short of the $1,900,000 payout figure. Adding your house takes the combined value to $3,700,000, and 70% of that is $2,590,000, which covers the payout figure with room for the receiver's further costs. Our own valuation of both properties sets the final figure, and your company is the borrower. Ask the lender for a payout figure to a set settlement date and send it to us with both addresses.

• →Refinancing a lender that has appointed a receiver

Yes. We can still lend after a garnishee notice has been issued. The loan is secured by the Osborne Park office property, the funds are paid to your company, and the company pays the ATO the debt named in the notice. Once that debt is paid in full, the notice has nothing left to collect. Ask your accountant to confirm this with the ATO, then tell your customer when to start paying you again.

• →ATO tax debt loans

Yes. We can still lend after a director penalty notice, and your house can secure a loan to the company. The company is the borrower, and the loan funds are paid to the company, which pays the ATO. Call us early in the 21 days with the notice, the house details and what is owing on it. Ask your accountant whether any amounts are locked down, because that decides whether payment is the only way to clear that part of your personal penalty.

• →Director penalty notice loans

Yes. The property and the business do not have to be in the same place, and we lend against houses and investment properties across the Perth metro area, from Joondalup to Rockingham. Our loan plus any mortgage already on the house can be up to 70% of its value. The security is the Rockingham house, never the equipment or the contracts, and the funds must be for a business purpose. Tell us the amount, what it will pay for and how the loan will be repaid.

• →Mining and resources loans

It can be done, where the warehouse supports it. If the warehouse is worth $2,600,000 and the lender is owed $1,600,000, our limit of $1,820,000 covers the payout with about $220,000 to spare for the costs of refinancing. Choose a term longer than the four months the bank expects, and keep the bank application moving while our loan is in place. Send us the lender's letter with your enquiry so we can work to its date.

• →Expiring private loan

Yes. We assess the freehold property and how the loan will be repaid, not one season's trading, and a live ATO debt on its own is not a reason we decline. The security is the freehold property, which can be valued on a going-concern basis for trading accommodation. The loan funds are paid to the business, which pays the ATO. Agree the repayment with us before settlement, such as a bank refinance or a sale, and we set the term to match.

• →Hotel and motel loans

It does not change the limit. Our maximum is 70% of the value, including any existing mortgage, whether the property is residential, commercial or industrial. Our own valuer values the building as it stands, shop and flat together, and that valuation sets the amount. If it is valued at $1,600,000 with nothing owing, the loan can be up to $1,120,000.

• →First mortgage loans

We decide that once we see the property, and either method is open to us. Our in-house valuation team is used to unique and non-standard property, and it can value by inspection or as a desktop valuation. Send us the address, the land size and any recent valuations. The loan can be up to 70% of our valuation, including any mortgage already on the property.

Yes, on those figures. The two properties are worth $2,700,000 together, 70% of that is $1,890,000, and with $1,150,000 already owing there is room for up to $740,000. We can take a second mortgage over each property, with rates from 11.95% p.a., and the business is the borrower. Our valuations decide the final figure, so allow for them coming in a little lower than your estimates.

• →Second mortgage loans

Yes, and arrange it before you bid, because an auction contract is usually signed with no finance condition, and your solicitor can confirm the terms of the contract you would sign. We aim to give you an indicative offer the day you call and can value the property before the auction, then lend up to 70% of the lower of our valuation and the price. If you expect to pay $2,000,000, that is up to $1,400,000, and the other $600,000 comes from your deposit and own funds or a second property. The security is the industrial property, never the plant or the machinery.

• →Auction purchase loans

Yes. A second property can be added as additional security, within the 70% limit across everything offered. If the office is valued at $1,500,000 with nothing owing, it supports up to $1,050,000, so the house needs room for the other $150,000. A house worth $900,000 with $400,000 owing has room for up to $230,000, which covers it. The business is still the borrower, and the loan funds are paid to the business.

On a clean file we can give an answer within hours and settle in as little as 24 hours, which is comfortably inside the 7 business days super has to reach the fund. Perth employers use property-secured payday super finance to stay ahead of the deadline.

Often, yes. A good share of our Perth borrowers come to us after a bank has gone quiet or said no, usually because their income is lumpy, self-employed, or held through a company or trust. We assess the property you can offer as security and your plan to repay, not a serviceability score, and on a clean file we can fund within 24 hours, so a deal a bank would not touch is frequently a straightforward yes for us.

On a clean file we can give you a yes or no within hours, issue a letter of offer, put our own valuers onto the security, and settle within 24 hours. Speed comes from lending our own funds, so there is no outside credit committee between you and a funded Perth deal.

Rates start from 9.7% p.a. and are priced to the term, the security, and the risk of the individual deal. Every cost, including any establishment fee, is set out in the letter of offer before you commit, with nothing hidden.

We lend up to 70% of value on most residential and commercial security around Perth. Loans start from $250,000, with larger loans assessed case by case, over 1 to 24 months. Vacant land, development sites, and second mortgages are assessed on their own merits.

Yes. Mining services and civil contractors through the Goldfields and the Pilbara, and accommodation and tourism operators across the South West, all trade to milestones and seasons that a bank serviceability model handles poorly. As long as there is property to secure the loan and a credible plan to repay it, an uneven trading pattern does not rule you out. The funding must serve a business purpose.

No. We lend for business purposes only, to companies, not to individuals, and never for personal home loans or consumer credit. The loan must be for a genuine business purpose and secured by property.

Yes. We write first and second registered mortgages over property in and around Perth, funding them ourselves for business purposes only. Loans start from $250,000 and a clean file can settle within 24 hours.

Yes. Perth is one part of a national book. Our Private Lender Australia overview maps our full reach, and we keep dedicated guides for Adelaide and Sydney.

Usually, yes. Equity is the starting point, and inside 70% LVR it does most of the work. What we add to it is the exit: a sale, an incoming settlement, or a refinance we can see is real. With those two in place, a poor credit record rarely changes the answer. Our own valuers assess the security directly.

Yes, where the business or its directors own property. Our mining services page covers contract start-ups and yard or workshop purchases.

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