Pacific 8 was established in 2015 to provide private mortgage loans to a range of borrowers across the Australian Eastern seaboard. To date, Pacific 8 has extended over $500 million of credit through first and second registered mortgages as well as Caveat Loans. Pacific 8 offers quick approvals, straightforward and streamlined procedures and moderate interest rates that are based and assessed on risk.
Pacific 8 does not provide consumer loans, including loans to assist in the purchase or refinance of residential property. Pacific 8 holds Australian Financial Service Licence No. 48050 which authorises it to promote, and operate the Pacific 8 Mortgage Fund, an unregistered mortgage fund.
Pacific 8 does not provide consumer loans, including loans to assist in the purchase or refinance of residential property. Pacific 8 holds Australian Financial Service Licence No. 48050 which authorises it to promote, and operate the Pacific 8 Mortgage Fund, an unregistered mortgage fund.
Services
Pacific 8 Pty Ltd has built its business around Private Mortgage lending and offer a range of Private Mortgages such as First Ranking Mortgages, Second Ranking Mortgages, unregistered as well as Caveat Loans. A Private Mortgage is traditionally funded from a private lender instead of a bank or non-bank lender.
With First Registered Mortgage's, money is lent to a person borrowing against the security over the real property such as commercial, industrial or rural land. Interest can be paid monthly in advance or for an agreed longer term in advance. Valuations are normally determined by a registered valuer as instructed by Pacific 8 Pty Ltd and depending on the size of the loan, money may be pooled with money from other investors/lenders.
Reviews (1)
John Curtis
Aug 15, 2018
Report
