A first registered mortgage is a loan to a business or individual against the security of real property such as residential, commercial, industrial, or vacant land. First mortgage loans are typically the initial loan a borrower secures, with precedence over other loans tied to a property and are notably lower risk.
Having such a priority ensures it is the first to be repaid in case of a default, with the security of being backed by real estate through a primary registered mortgage.
Pacific 8 provides clients with safe and dependable choices by delivering first mortgages on Australian real estate through private mortgage funding.
Traditionally, large banking institutions have offered first mortgages that span extensive periods and are slow to approve. Today, long term and the slow approval process don’t always align with the financial needs of all borrowers.
Each property under consideration undergoes an evaluation by a registered valuer instructed by Pacific 8, which our credit team then examines.
With private mortgage funding from Pacific 8, we provide:
$5,100,000
Balmain Waterfront Home
$7,400,000
62%
12mths
Pacific 8 is designed to deliver fast, efficient service. When you apply for a first mortgage loan, our team begins assessing your application immediately. If all documentation is in order, we can settle the loan in as little as three business days.
In contrast, traditional banks may take weeks just to review your application, let alone approve and settle the loan. Working with such speed and efficiency especially benefits borrowers with urgent financial needs, such as funding a business expansion or securing property in a competitive market.
To qualify for a private first registered mortgage with Pacific 8, you must have an active Australian Business Number (ABN). This ensures that the borrower is operating in a professional or business capacity, which aligns with our lending solutions. Additionally, you’ll need to provide suitable real estate as security for the loan. Our team will review your financial situation and proposed repayment strategy to ensure the loan is structured to effectively meet your needs.
Pacific 8 provides first mortgage services to borrowers with an active ABN and suitable real estate security. We specialise in lending to individuals and businesses looking to fund investments, business growth, or short-term financial needs. However, we do not lend for acquiring or refinancing residential properties intended for owner occupation.
If you meet these criteria, our team can assist you with loans tailored to your financial goals, ensuring a straightforward and transparent process.
Pacific 8 offers loans ranging from $300,000 to $25 million, with terms spanning 3 to 24 months. The amount you can borrow depends on the value of your secured property and the loan-to-valuation ratio (LVR), which can go up to 75%. Whether you’re looking to fund a high-value real estate purchase or secure working capital for your business, our first mortgage loans provide the flexibility to meet your needs.
Our team works with you to determine a loan amount and structure that aligns with your financial situation and objectives.
