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Private Property Loans
Prudential Finance private property loans are secured by first mortgage or second mortgage over real estate. This type of loan is also known as “Asset Lending” finance. Private property finance is for company borrowers who have reached their credit limit with the Banks and wish to continue purchasing property, or cannot demonstrate serviceability through traditional means for Banks.
An individual qualifies for a private property loan, if the property is classified a commercial property.
If you need a faster loan settlement see our Short Term Loans page
Q&A
A private property loan is finance secured by real estate and provided by a private lender, mortgage fund or high net worth investor, rather than a mainstream bank. It is used for business, commercial or investment purposes.
Private property loans are available to companies, trusts, SMSFs and individuals where the purpose is business, commercial or investment, and the security is real estate. Consumer-regulated loans are not offered.
LVRs are typically up to 65 percent for commercial security and up to 70 percent for residential security, with adjustments for borrower strength, location and property type.
Rates vary by risk profile and loan structure. Indicative private property loan pricing typically starts from around 7.99 percent per annum for prime scenarios, with credit-impaired and complex loans priced higher. Rates are quoted per application.
Eligible security includes residential property, commercial property, industrial assets, retail premises, rural and englobo land, and development sites in both metropolitan and regional locations.
Settlement is typically achieved within two to four weeks, with urgent scenarios capable of settling faster where valuation, legal documentation and borrower identification permit.
Yes. Private property loans can be arranged for borrowers with paid or unpaid defaults, judgments or prior bankruptcy. Unpaid debts are typically paid out on settlement.
Not always. Many private property loans are structured with capitalised interest or asset-backed assessment, meaning traditional income verification is not required.
No. Prudential Finance does not arrange loans covered by the National Consumer Credit Protection Act 2009. All loans are for business, commercial or investment purposes.
Terms typically range from three months to 24 months, with options to extend where required. Longer-term facilities are available in certain circumstances.
Early discharge is generally permitted subject to the specific facility terms. Some loans include a minimum interest period or early discharge fee, which is disclosed upfront in the indicative terms.