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We are FASTER THAN BANKS and
CHEAPER THAN CAVEATS

Eastwood Securities Mortgage Fund takes a flexible approach to assessing borrower applications using an array of alternative documents to determine loan serviceability. Our credit team provide rapid loan processing enabling settlements faster than banks while achieving interest rates cheaper than caveat loans.

Eastwood Securities Mortgage Fund is not a broker. We are the lender.

Private Mortgage Funds provide innovative and flexible lending solutions for borrowers compared to banks.

First Mortgage funding tailored to your needs. People previously referred to our style of funding as “solicitors funds”.

  • Loan terms from 6 months to 3 years
  • Interest only repayments (annual, 6 monthly or monthly interest payments)
  • Capitalised interest (prepayments for 3, 6, 9 or 12 months)
  • Loans up to $5m (minimum $100,000)
  • Interest rates from 9.95% per annum
  • Maximum of 70% Loan to Value Ratio (LVR) depending on the type and location of the security property.

A verbal approval can be given over the phone and an indicative Letter of Offer is issued within 24 hours. We guarantee a rapid and easy turnaround once all information required is provided by you. The accuracy of information and speed with which it is provided by you to Eastwood Securities will directly affect the time it takes to settle a loan.

Eastwood Securities is a “Specialist Lender” that understands that not all borrowers are the same, so we focus on providing loans to people who don’t tick all the usual boxes . We assess each borrower’s unique circumstances, rather than basing our decision on a credit score. That way we can offer you the best solution for your personal or business financial situation. At Eastwood Securities we specialise in difficult finance where recent poor credit history and loan arrears may be acceptable. We are a commonsense lender.

Eastwood Securities provides an extended service to that offered by most lenders. We find many of our loan approvals were issued only when the borrowers were declined by other non-bank Lenders.

Our credit committee has extensive experience with structuring private mortgage loan solutions for your “credit impaired borrowers”. Eastwood Securities takes a commonsense approach to reviewing non-conforming loan applications for Consumer and Commercial Credit. Eastwood Securities Mortgage Fund is one of very few private lenders who is licensed to write NCCP regulated loans (Consumer credit) and is experienced in this complex field.

We will provide a copy of our current application form and assist you with the compilation of all the information required to enable a decision regarding your applicant’s borrowing eligibility.  

It is usually possible to provide an indication of whether finance might be available or not, within 24 hours.

Contact our Credit Team Now to discuss your loan scenarios (Tel. 08 8408 0800).

Eastwood Securities Mortgage Fund - For Brokers

We are FASTER THAN BANKS and CHEAPER THAN CAVEATS

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FASTER THAN BANKS
CHEAPER THAN CAVEATS

For borrowers who have not been able to gain their required finance from a bank lender, Eastwood Securities provides loans by matching investors (Private Lenders) with individual borrowers based on the nature of each loan and the available security property .

Some borrowers have impaired credit records or require debt consolidation. Eastwood Securities is able to structure appropriate debt solutions that provide the borrower time to restructure and move back to regular financial channels for future loans. We operate through a  network of finance and mortgage brokers who assess your needs and provide us with a loan application for evaluation.

Commercial, Non-Code loans can be provided on a Low Doc and No Doc basis. Interest can be capitalised and prepaid or paid monthly to suit borrower requirements.

Our Credit License allows us to issue NCCP regulated (Code) loans on a common-sense basis (Low Doc included) providing at all times that we are able to demonstrate that the loan is not “unsuitable” to the clients requirements.

There are no ongoing ‘loan management fees’ on our loans and we do not charge EXIT fees.

Loan Application Process

  • Consult Eastwood Securities to determine your client’s exact loan requirements and borrowing capacity.
  • Prepare an Eastwood Securities Loan application.
  • The application should include our signed Privacy Consent form and personal identification.

OUR SERVICE COMMITMENT

  • Speed, Efficiency and Flexibility
  • INITIAL FEEDBACK WITHIN HOURS – Brokers have ready access to Eastwood Securities staff to discuss all aspects of a loan scenario being investigated. This can be done by phone or email to suit your preference. These decision makers are able to provide feedback to assist the broker with their clients private lending needs. On receiving an outline of your loan scenario we can provide a rapid indication of any issues to be addressed and whether or not Eastwood Securities Mortgage Fund may be able to assist with finance.
  • FLEXIBLE ASSESSMENT – Our lending is based on a common sense approach to lending due-diligence and our greatest asset is that we can be flexible to Borrowers requirements. We work with relevant information available from the borrower rather than take a ‘tick-box’ approach.
  • RAPID LOAN APPROVAL – The time required to complete due diligence is totally dependent on how promptly the requested information is provided by the applicant and the time required for a valuation to be undertaken.
  • EASY SETTLEMENT PROCESS – A final Letter of Offer will be provided to the broker on behalf of the applicant. Eastwood Securities Pty Ltd as Fund Manager uses a suite of lending documents that are specific to private lending purposes. We utilise the services of two legal firms who provide appropriate expertise and experience in private lending secured against real property. Loan documents will be available within 48 hours of request and settlements can take place within 48 hours of receipt of signed documents.
  • Eastwood Securities provides benefits to brokers that include;
    • Aiding brokers gain and retain long-term clients. A client who encounters a financial catastrophe being able to obtain a bridging facility to overcome the problem can be guided back to mainstream borrowing.
    • Diversity. Eastwood Securities is not restricted to self imposed covenants that restrict or limit lending policies. We are able to maintain flexibility and arrange positive lending solutions that ensure the ongoing financial wellbeing of the Client.
    • Broker Education. We can assist Brokers in gaining an understanding of how Private Lending fits in the Mortgage market and so be aware of opportunities they may be missing. Product Training is available.

Why Eastwood Securities?

  • Commercial loans
  • Consumer loans
  • Private mortgage funds available
  • Non-conforming loans
  • Flexible view to low credit scores
  • Unusual income streams considered
  • Loan arrears acceptable
  • No doc and low doc lending
  • No lenders mortgage insurance (No LMI)
  • No exit fees
  • Loans for business, investment and personal
  • Difficult loans provided
  • Annual interest capitalised or interest paid monthly
  • Common-sense lending
  • Fast approvals
  • Fast settlements
  • All real property considered as security

We offer a range of first mortgage loans, equity mortgages and structured debt facilities to suit your needs. An equity mortgage will suit clients with equity in their property. Eastwood Securities can provide loan structures to borrowers who have been refused by banks and other lenders or for borrowers who do not have time to satisfy the red tape process. 

Our products can be provided for business use or consumer use. For business use we are able to provide Low Doc and/or No Doc loan facilities. For consumer use there will be a need to demonstrate that the loan is suitable to the borrower’s circumstances.

Eastwood Securities is an excellent option for Borrowers who have been turned away by traditional lenders.

The various types of loans provided by Eastwood Securities include:

  • Bridging finance
  • Refinance
  • Consumer loans (Code loans)
  • Debt consolidation loans
  • Businesses under administration
  • Cash out
  • Commercial loans (Non-code loans)
  • Industrial loans
  • Investment loans
  • Loans for all property purchases
  • Business loans
  • Marital separation

The Eastwood Securities Mortgage Fund specialises in providing intermediate term loans and all loans provided are interest only. 

Intermediate term refers to typically six, twelve or twenty four months. Our intermediate term loans are often referred to as bridging finance, as they provide a borrower with funds for a period during which the borrower can complete a specific business task and either pay-out their loan or move on to an alternative source of funding.

Eastwood Securities lends to businesses and individuals Australia wide.  

Poor Credit Mortgage

Unlike other Mortgage Lenders who rely heavily on a credit scoring system, Eastwood Securities has the flexibility to take a more balanced view of a poor credit rating.  We understand there can be many reasons for a poor credit history. Some of these reasons are:

  • Changes in employment
  • Unsuccessful business venture
  • Accident or illness
  • Relationship breakups and divorce
  • Legal fees or bankruptcy
  • Disputed invoices for services and products
  • Unpaid debtor invoices

Therefore, we base our decision to lend on ‘poor credit mortgages’ on individual circumstances and look at the reasons behind a bad credit rating to make a common sense assessment, taking into account the Borrowers present and future position.

Once we understand the issues we work on providing secured funding to assist with restoring the Borrowers credit rating. Contact us to discuss your poor credit mortgage options.

Eastwood Securities Mortgage Fund - For Brokers

We are FASTER THAN BANKS and CHEAPER THAN CAVEATS

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Bridging Loans

  • A bridging loan is a short to medium term loan used until a person or company secures permanent financing or removes that bridging debt obligation. It allows the user to meet current financial obligations by providing immediate cash flow. Bridging loans are short term, up to one year, backed by real estate.
  • Both businesses and individuals use bridging loans and Eastwood Securities Mortgage Fund can customise bridging loans for many different situations. All of our bridging loans are interest only.
  • Bridging loans usually have a faster application, approval, and funding process than traditional loans. One of the most important considerations is to have a realistic exit strategy, such as a clear strategy for the sale of your current property or the ability to source funding to payout the bridging loan. This can be by sale of other property, stock or other assets such as shares.

Commercial Bridging Loans

  • Businesses turn to bridging loans when they are setting themselves up for long-term financing and need money to cover expenses in the interim. For example, imagine a company is doing a round of equity financing expected to close in six to twelve months. It may opt to use a bridging loan to provide working capital to cover its payroll, rent, utilities, inventory costs, and other expenses until the round of funding goes through.

Loans for Growing Businesses

Business lending can be difficult enough without the added pressure of having a poor business credit rating. At Eastwood Securities we acknowledge that the following situations can impact negatively on your business leaving you with a poor credit rating:

  • Tax debt
  • Growth in working capital requirements
  • Outstanding debtors and debt collection problems

Businesses with poor credit can be helped.

We can provide a private loan to allow you the time to financially repair your business and we endeavour to secure these funds as quickly as possible. Not only is restoring your credit rating important, so is your peace of mind. Once your private mortgage is in place, you can concentrate on rebuilding the financial health of your business and regaining the trust of everyone you deal with.

If your business is struggling under debts that you cannot meet on time, Eastwood Securities may be able to provide a loan secured by a mortgage over your property enabling you to take advantage of equity in that property to consolidate your debt.

Many Receiver Managers view a refinancing favourably if it provides an opportunity for the business to “trade on” successfully. Contact us to discuss your options.

Become a Referral Partner

To become a Referral Partner just download our simple broker accreditation application form , provide the requested information about your business and email it to admin@eastwoodsecurities.com.au. One of our staff will contact you within 24 hours to confirm your accreditation.

Download Brocker Accreditation Applicaton Form Email Us

People Also Ask

Private Funding are loans that are funded by Private Investors. This type of funding was historically sourced via Solicitor’s Trust loans, however these days Solicitors are no longer able to offer this service. Instead, Private funds are now accessed via specialist brokers or specific Mortgage Funds set up for this purpose of offering loans for business or commercial purposes.

A non-conforming loan is a loan offered to borrowers who don’t meet the standard lending criteria of their bank or major lender. These may include applicants who have:

  • a. Poor Credit History including late payments and defaults.
  • b. Self Employed – Evidence of income may be difficult to demonstrate.
  • c. Recently started a new business – ABN less than 12 months
  • d. Debt consolidation – personal loans or credit cards with late payments
  • e. Mortgage arrears

Usually, Borrowers choose Interest only payments to maximise the benefits of negative gearing; that is tax benefits. With interest only payments you do not pay off the principal (i.e. original amount) borrowed.

Private lenders offer more flexible loan structures than banks, which may be especially beneficial for property owners with unique financial situations requiring short term financing.

One significant advantage of a private lender over a bank lender is that they can operate with greater flexibility and have more streamlined processes. Indicative approval can be provided in a few days and assuming relevant information being available for the full due diligence process, loans may be settled with 4 – 6 weeks from application.

Case Studies

Business loan (shop fit out)

Borrowers were the owners of a convenience store in a regional Victorian town.

They needed to upgrade their business with the installation of new shop fittings, adding a larger range of stock and a new line of products.

They were unsuccessful in obtaining appropriate finance from their bank and indeed other business lenders. They approached Eastwood Securities Mortgage Fund staff who identified the upgrades and additional stock would benefit the business and add to profits for the Borrowers.

Eastwood Securities loaned them the required $150,000 at 54% LVR on the security of a mortgage over a vacant block of land.

A commonsense approach with a quick turnaround.

Take out finance and hold stock

Developer completed a Land Division of 10 residential allotments in a Queensland regional centre.

Development finance was at a very high interest rate with profitability eroding due to a lengthy development process during Covid years. The Borrower was rejected finance by banks and alternate financiers due to the LVR and a lack of presales in the regional area.

Eastwood Securities Mortgage Fund was able to refinance the project and provide selling costs and interest with a $1.6mil loan. The Borrower was then able to sell allotments within his price bracket and time frame and repaid the Eastwood facility within the terms of that loan.

Eastwood Securities took a commonsense approach for a successful outcome for all parties.

See more case studies

Testimonials

Eastwood Securities Pty Ltd (Eastwood) have been on our preferred lender panel for over a decade. Eastwood have assisted a substantial number of our clients nationally over the years, and the staff are all experienced industry professionals, who understand the Broker industry, particularly the Private Funding (Non-Bank) arena. A Private Funder who genuinely cares for the suitability of the clients’ outcome. We enjoy the ability to be able to bounce scenarios passed them for early thoughts, to deal with decision makers, and receive timely communication of progress. Strongly recommend a business relationship with these guys.

Bruce Gibbons, JP.,
Director, Select Finance Brokers
Past President, Finance Brokers Association of Australia

Eastwood Securities have always been professional and effective to work with. Damien is very approachable and has been able to meet workable solutions for the clients we have referred to them.

Greg Samuel
Director

I would like to thank you and the Eastwood Securities team on the successful settlement of my last loan application.

  • You were able to provide an indicative approval within 24 hours of discussing the deal.
  • Formal approval immediately upon receipt of the valuation.
  • Very acceptable terms, rates and conditions.
  • Happy client who was able to get finance on a deal that was not within major bank parameters.

I look forward to catching up and discussing the next deal.

Phil

I have workshopped a number of client scenarios with Eastwood Securities over the years and I have always found them to be very responsive and to the point in terms of what is and isn’t possible which is critical for CLS and its clients…

Pete Dossett BAcc
Finance Negotiator

I’m very happy to recommend Eastwood Securities to the advantedge panel. You have always made yourself available to answer my calls/emails to workshop any scenarios that come up. Your experience enables you to give a very quick answer as to whether financing may be possible or not. This is invaluable as it saves time for both the broker and the customer.

For any scenarios that may fit private lending, you are definitely my go to.

Daniel Renella
Finance Negotiator

I wish to confrim that I have utilised Eastwood Securities P/L on a few occasion over the past 12 months to assist with clients needs.

They have been very professional and responded in a very timely manner in responding to the clients needs.

I would recommend them when clients needs fall outside normal lending criteria.

Emily Dowd
Director

Disclaimer

This information refers to investments facilitated by the Eastwood Securities Mortgage Fund ARSN 146 451 792. Any person seeking to make an investment should review the Product Disclosure Statement and seek legal, financial and taxation advice. The manager of the Fund is Eastwood Securities Pty Ltd ACN 143 030 540, an Authorised Representative (number 386369) of MSC Advisory Pty Ltd (ACN 607 459 441, AFSL 480649). The Responsible Entity and Trustee of the fund is Melbourne Securities Corporation Ltd ACN 160 326 545 AFSL 428289. This product is not a bank deposit nor is it a pooled mortgage fund. An investment may achieve a lower than expected return and investors risk losing some or all of their principal investment. Past performance is no indication of future performance and actual returns will be particular to individual investments as described in transaction specific Supplementary Product Disclosure Statements.

The Investment Manager notes that past performance is no guide to performance of any future investment in the fund. This product is not a bank deposit. An investment may achieve lower than expected returns and investors risk losing some or all their principal investment. Investors should obtain their own financial, legal and taxation advice before making an investment.

Investors interested in further information about investing in the Fund should review the Product Disclosure Statement which is downloadable from each page of this web site.

A withdrawal fee may be payable on early withdrawal/redemption.