For anybody who has been frustrated or who have not had good success in dealing with the banks, private lending could be an option. Private lending is an alternative funding source and can be good for anybody whose circumstances do not line up with the stringent requirements set out by banks and conventional lenders. It is a perfectly viable alternative that can make all the difference in realising your dreams.

You might consider private lending if:

• You have declared bankruptcy
• You are self-employed with insufficient financial documents
• You need to clean up an unfortunate financial situation
• You have poor credit
• Other lenders have turned you down for any reason

Other reasons that private lending might be an option for you:

• You are looking to fund an unusual investment opportunity
• You are involved in a large construction project
• You are purchasing investment property
• Your venture is associated with higher than normal risk

Private lenders will still look closely at your business plan and financials, but they are generally more amenable to risk. Using a private lender, you may be able to structure a more flexible or creative repayment arrangement.

Private lender loans are generally offered for a much shorter term – often a year or less. However, they are a good and viable alternative if you simply need to move forward with a project and you are not having much luck obtaining funding through traditional sourced.

Can Finance Group is well-connected with a range of private lenders who are interested in funding speculative projects in construction, development, or other commercial ventures. Call to set up an appointment with one of our mortgage brokers today.