Phone (08) 8223 1676
Our extensive experience in private lending and the personal relationships we have with our borrowers is a distinct advantage. We also have the ability to provide:
We have established a number of loan products including:
| Loan Criteria | |
| Purpose | Loans are available for business and investment purposes only |
| Loan Size | Minimum $20,000 Maximum by individual assessment |
| Interest Rate | Fixed rate interest only loan paid monthly in advance Fixed interest rate varies between 9% and 12% depending upon a borrower’s circumstances and security for the loan |
| Early Repayment | Interest rates are fixed for the term of the loan with the right to repay early agreed in the Letter of Offer. Generally a loan can be repaid at any time subject to an additional one month’s interest payment. |
| Eligible Security | A registered first mortgage subject to a satisfactory valuation by an approved valuer appointed by Tidswell. |
| Maximum Loan to Valuation Ratio (LVR) | “Residential properties – 65% Commercial properties – 55% Rural properties – 45%” |
| Loan Approval | Loans are assessed and approved in accordance with Tidswell’s standard loan assessment and compliance criteria. No mortgage guarantee insurance is required. |
“Tidswell offers a private lending facility for a range of business and investment purposes. Our objective is to build long term, mutually rewarding relationships with our borrowers. Rick Kapperer and I have managed our two mortgage funds since 2001, and our team has over 68 years banking and finance experience between us. In addition to our standard commercial private mortgage loan, we have a specialised ‘boutique’ construction and development funding facility. Please give me a call on 0421 346 826 should you wish to discuss any funding proposal with me.”
Gavin Pinksterboer – Director at Pinksterboer & Associates
“I am able to act with confidence when negotiating property deals because Tidswell doesn’t constantly change their lending criteria like the major banks, and I can always rely on Tidswell to support my projects”
Carlo Catalano – Director at Loan Market Clovelly Park
“I have been working with Max at Tidswell for many years and have confidence in the way they operate. I continue to refer my private mortgage funds clients to Tidswell because they have a flexible approach and provide quick turnaround from initial enquiry through to settlement. I find Tidswell do what they say, which I can depend on when negotiating with my clients”
Kathryn O’Connor – Property Developer
“I first approached Tidswell around 6-7 years ago. Tidswell funded my first successful project and have gone on to finance all of my development projects with land acquisition and/or construction loans in the years since.
I find Tidswell to be ethical lenders who have a pro-active, streetwise approach to lending. They are so easy to work with. I find myself coming back to them with each new project. Tidswell continue to meet my expectations every time, and I have no hesitation in recommending them to other property developers.
They are flexible to deal with and will structure the loans to meet my specific needs for each individual project. If a new opportunity has arisen before a loan is fully repaid, they have provided flexibility to allow for the new acquisition.”
Contact our Private Lending team for further information, or download a copy of our Loan Application.