At Brilliance Finance Group, we understand that not all clients’ financial needs align with traditional bank requirements. Private lending offers a valuable alternative, designed for those seeking fast funding, flexible terms, or tailored solutions that meet unique financial scenarios. As an independent mortgage broker, we connect our clients with private lenders who can provide rapid, adaptable financing options for both residential and commercial properties, as well as business purposes.

Why Consider Private Lending? Private lending is a solution for clients who:

• Require Speedy Access to Capital: Unlike traditional lenders, private loans are generally approved within days, making them ideal for time-sensitive needs.
• Need Custom Financing Options: Private lenders often offer interest-only or short-term loans with adaptable repayment schedules that suit cash flow demands.
• Don’t Meet Traditional Lending Criteria: Ideal for clients with complex income structures, unique asset types, or credit history challenges that may limit conventional financing options.

1. Private Lending for Business Loans

• Purpose: Often used for short-term capital needs, managing cash flow, expanding business operations, or purchasing inventory or equipment.
• Loan Types: Business loans, overdrafts, or line of credit arrangements.
• Advantages: Quick access to funds with flexible eligibility, generally easier approval processes, and fewer requirements compared to traditional banks. Interest rates may be higher due to the additional risk undertaken by the lender.
• Common Terms: Private business loans typically offer terms from 3 months to 3 years, with interest-only payment options available in some cases.

2. Private Lending for Commercial Property

• Purpose: Typically sought for purchasing commercial real estate, such as office spaces, retail locations, or industrial properties, especially when quick financing is needed.
• Loan Types: Bridging loans, first or second mortgages, or mezzanine finance.
• Advantages: Private lenders are often more willing to provide high loan-to-value ratios (LVRs) and can also finance properties that may be considered high-risk by traditional banks.
• Common Terms: Shorter loan terms, ranging from 6 months to 2 years, often with interest-only repayment structures. Some private lenders offer refinancing options for commercial property purchases if the borrower has a strong exit strategy in place.

3. Private Lending for Residential Property

• Purpose: Used for home purchases, bridging finance, or investment property acquisitions, often by those who may not qualify for traditional mortgages due to credit history or complex income sources.
• Loan Types: Residential mortgages, bridging loans, or second mortgages.
• Advantages: Flexible credit assessment, quick approval processes, and acceptance of non-traditional income sources. They can also be ideal for those needing a bridging solution until long-term financing is secured.
• Common Terms: Usually short-term, from 6 months to 3 years, with interest rates typically higher than standard mortgages due to the increased risk.