Non Bank Lending for Melbourne
What could you achieve if you had the backing of a family office? We provide urgent no credit check, no doc private lending solutions for Melbourne businesses & property developers.
Royce Stone Capital lets you work directly with a family office that are exclusively part of the RSC family. What this means is that you can get urgent funds, get better terms and develop a long term relationship with a coaligned capital partner! Where could you be with that sort of backing? Speak with us today!
What is private lending?
Private lending is where a private finance business, institution, family office or HNW investor directly provide their own capital to borrowers, without the limitations of banking requirements or regulations. Because it is a private market, different lenders have different criteria for various transactions. These transactions are usually for commercial reasons and fall outside of bank lending laws. The private lending market is known as the secondary lending market, or shadow banking system, and is an integral to providing liquidity to the overall financial system. Without it the banking system wouldn't survive, as the private lending market takes on transactions that carry a higher risk profile, than mainstream banking transactions. We provide private mortgages, to businesses and investors, that require funds for commercial reasons. Because we work with family offices we can provide solutions that most lenders can’t, urgent capital at short notice and capital that is coaligned for the long term. Speak to us today, to see the difference.
Who is eligible for private lending?
Royce Stone Capital provides private mortgages for business owners, property developers and investors who require to borrow funds for commercial reasons. Because our investor base is family offices and HNW investors, we understand the challenges faced by those in business, and we provide coaligned solutions to ensure you success. To be eligible, you must have a borrowing entity that is a ABN, company or trust structure and the use of funds must be for commercial purposes only. Speak to use today, so we can make sure you get the best solution for your situation.
What is the difference between bank lending and private lending?
Bank loans have to follow responsible legal lending laws and self-imposed lending metrics, which means they are inflexible in providing solutions to business borrowers. This includes security requirements, credit checks, serviceability requirements and extensive documentation. These solutions often take months to get approved, but come with the benefit of a lower cost of capital. On the other hand, private lenders usually provide funds within the fortnight, have flexible repayment options, and have less stricter lending metrics regarding serviceability. With these benefits, comes a higher direct lending cost. However, one thing that is often overlooked, is there is a high opportunity cost with bank funding. To demonstrate serviceability, you must crystalise profits sooner, which means paying more tax. Furthermore, the time it takes to get funding from a bank, could mean you miss out on business opportunities. So, in many respects private lending is often cheaper when all factors are considered for short to medium term debt compared to a bank. At Royce Stone Capital we provide no credit check, no doc loans, which means we only look at the quality of the security and exit strategy. This means we can provide you with delivered funds, quicker than you can meet your bank manager. Speak to us today!
