As the year draws to a close, many buyers are out looking for not just the perfect gift, but the perfect property deal. If finances are tricky and terms are more than complicated, here’s what private lending can offer your most complex client:
Up for negotiation: Flexible terms and conditions
Private lenders can sometimes offer flexible loan types with terms and conditions that can be customised to client needs. If the big banks are about to ruin a perfect deal for your client, a private lender might be able to produce a solution – think things like shorter loan terms or alternative repayment schedules. Small businesses and property developers can take advantage of terms and conditions like these to make the ideal deal a reality.
Quickly now: Expedited applications
Applications don’t need to be a lengthy, drawn-out process. Private lenders can work with less paperwork for faster approvals – meaning those funds flow faster, too. No one has to miss out on their holiday property shopping.
We’re all a little different: Variable loan criteria
Whether it’s an old credit issue or a new business that can’t show any trading history, sometimes hurdles seem insurmountable. In unique cases, prospective buyers can benefit from a private lender and their ability to access variable loan criteria. If you have eager clients in a complex situation, private lenders might just be the ticket.
If you want to learn more about how private loans can work for your clients, we’re ready to chat. Negotiable trails, fast and easy application approval, competitive interest rates and terms and straightforward lending guidelines are just a few of the benefits of working with Baccus Investments Limited.