Leading the team at Advanced Capital is Joshua DeBattista. Joshua has over 20 years’ experience in the mortgage and finance industry. He has worked at many levels, in various positions in the finance industry. Starting out as a mortgage broker working in residential lending and then moving into commercial lending and advisory. Areas include lending for different fields, business advisory, farming and agriculture, hotels and hotel developments, residential development projects, land developments and commercial or industrial developments. he has also worked extensively in private funding, equity, capital raising and funds management.

Private Lending is alternative lending to bank lending and there is several different types of Private Mortgages in the market. Private Lending is Non-Coded Lending so it is for Business Purposes Only. You cannot take out a Private Mortgage for consumer lending or as a “Home Loan”.   

There are several different types of Private Mortgages, 

• Private Investor, who invests directly in to a mortgage. 

• Syndicated Mortgage, which is a group of private investors investing together in to a mortgage.

• A Pooled Mortgage Fund, is a managed fund for the purpose of lending money and offers a return to investors who in invest into the fund. 

• Managed Investment Scheme, multiple investors contribute money and get an interest in the Scheme.

• Debenture Scheme, A medium-term investment issued by a company where investors lend them money in exchange for a regular and fixed interest amount for the term of the investment. The invested funds (principal) are repaid at the end of the term (maturity) and are usually secured by tangible property. 

Even though there are several different types of Private Mortgages out there they all have the similar goal which is to lend money to business and it can be for various different reasons. 

Private mortgages work the same way normal mortgages with most private lenders offering loans in the form of a 1st or 2nd mortgage over Property / Real Estate. Some private lenders may also offer Pref-Equity and/or invest directly into a project. Private mortgages tend to have a lot less “Red Tape” then traditional Bank Lending and can have a broader range of lending options with less paperwork required through the approval process, however they tend to be more expensive then bank lending with higher interest rates and fees. All private lenders have their own individual lending requirements and it can very from lender to lender just like the banks.  

A private mortgage is a type of loan provided by individuals or private investors rather than traditional financial institutions like banks. Typically used when borrowers face challenges securing financing through conventional means, private mortgages can offer more flexible terms and quicker approval processes. They are often secured by the property itself and can be tailored to meet the specific needs of both the lender and the borrower, making them an appealing option for those looking to purchase or refinance real estate.

1st Mortgage Loans:

• Interest Rates for 1st Mortgage Loans in Private Lending are generally in the range of 8-12% pa. 

• LVR (Loan to Value Ratio) usually goes up to 65% but higher LVR's are avalible on a case by case basis.

2nd Mortgage  Loans:

• Interest Rates for 2nd mortgage Loans in Private Lending are typically higher than 1st mortgage loans and generally have a range of 12 to 18% pa.

LVR (Loan to Value Ratio) usually goes up to 75% but higher LVR's are avalible on a case by case basis.

Advanced Capital has a speciality in Development Funding and sourcing the right funding for your development project. We have had the opportunity to work on several large construction/development projects and have a good understanding on the process and requirements for this type of lending and how complex it can be. We are experts in loan structuring and setting up the right funding to match your lending requirements. We have a proven track record in sourcing the required funding for large projects ($100 Mill +), negotiating through the various pot holes and hurdles with loans if this nature and getting the best outcomes for our clients.