Understanding Private Money Lending

Private money lending, a dynamic financial practice, involves individuals or private entities providing direct loans to borrowers, bypassing the often cumbersome formalities and bureaucracy typically associated with traditional financial institutions. It thrives on adaptability, boasting a customised approach in order to cater to the unique financial goals and challenges of borrowers. This responsive and flexible nature positions private money lending as a versatile solution that addresses an extensive range of financial needs, spanning personal loans, property loans and even business financing.

Greystone Singapore, a prominent player in this industry, stands out as a champion of the fundamental principles of private money lending. Functioning as a vital link between borrowers and private lenders, Greystone Singapore emphasises the importance of selecting the right brokerage firm. This choice is pivotal, requiring a firm that not only understands the intricacies of your financial needs but also possesses a proven track record in delivering transparent and customer-centric financial solutions.

The Advantages of Private Personal Loans

Private personal loans present a gateway to a realm of financial flexibility and customisation, unburdened by the rigid constraints of standard lending practices. These loans adapt to suit the unique financial circumstances of borrowers, providing competitive interest rates, individually-tailored repayment plans, and the versatility to address a broad spectrum of personal financial challenges.

Greystone Singapore ensures that private personal loans come with competitive interest rates, underlining not only the provision of financial assistance but also a commitment to a seamless application process. This dedication ensures that borrowers experience a hassle-free journey from application to disbursement.

Private Property Loans for Realising Your Business, Personal & Property Investment Goals

Private property loans extend the flexibility of private money lending into the domain of real estate financing. Whether individuals aim to invest in property, undertake renovations, get cash-out (for their immediate business &/or personal financing needs) or pursue other property-related endeavours, private property loans emerge as a viable alternative.

Greystone Singapore’s comprehensive suite of private property loan offerings, coupled with their extensive experience in connecting clients with private lenders, facilitates property-related endeavours by providing accessible and flexible loan options. Beyond mere financial support, these loans offer tailored solutions precisely aligned with the unique objectives and circumstances of borrowers.

Why Choose Greystone Singapore for Private Money Lending

Selecting a private money lending partner is a decision of paramount importance to ensure reliability and security. Greystone Singapore stands out as a reputable industry player and trusted brokerage firm, with a track record that attests to their ability to provide flexible and effective financial solutions.

Backed by extensive industry experience and a broad network of private lenders, Greystone Singapore remains unwavering in their commitment to customer satisfaction. Their assurance extends across every stage of the financial journey, from the initial application to the final disbursement, ensuring clients receive consistent and dependable support.

Conclusion

In navigating Singapore’s ever-evolving financial landscape, it’s imperative to recognise that your financial needs can be addressed in a manner specifically tailored to suit your unique circumstances.

The journey toward financial flexibility and personalised financial solutions begins here. Explore the advantages of private money lending with Greystone Singapore and embark on a transformative financial journey crafted uniquely for you. To learn more, visit https://greystone.com.sg/ and connect with our expert team.

Situation 1	BANK’S REPOSSESSION
Deal Type	Refinancing with Fresh Cash-Out
Property	3 Bedroom Condo along Meyer Road
Property Value	$3.2M
New Loan Amount	$2.4M (with fresh cash-out of $500K)
LTV	75%
Synopsis	Customer, age 51, a senior marketing director in the food logistics industry, was being retrenched in August last year without any prior notice. With his wife being a full-time homemaker, he found himself soon having difficulties in servicing his mortgage repayments, resulting in the bank taking steps to repossess the property for a mortgagee sale within a short span of 6 months. Despite only having a $1.4M outstanding mortgage with $600K of CPF usage, the bank was unable to grant him additional cash-out facilities to tide him through this challenging period, as he couldn’t pass the 55% TDSR threshold in the absence of regular reported income.
Solution (1)	Luckily, the customer managed to find us in time and we eventually saved his house from being repossessed. Arranged our private property lender to grant a $2.4M mortgage loan, out of which $1.4M to redeem his existing mortgage, $600K to refund to CPF with remaining $400K fresh term loan for his personal use, which includes servicing of the monthly instalments with the new private lender.
Solution (2)	The customer managed to find a new employment sometime in March this year. We had since successfully helped the customer to refinance the $2.4M from the private lender sometime in September this year.

Situation 3	INHERITANCE DISPUTES
Deal Type	To finance purchase of sibling’s share in the property
Property	Sem-Detached house along Jalan Seaview
Property Value	$$7.5M
New Loan Amount	$2.8M
LTV	37.5%
Synopsis	Customer, age 62, had jointly inherited the above fully-paid property together with his sister when their father passed away sometime in June last year. Both siblings were at constant disagreements regarding the sale of the property. Customer had always wanted to keep the property for future capital appreciation and his sister was in favour of selling the property so that she could use the sales proceeds to fund her new condo purchase.
Solution (1)	Unable to reach a consensus, the Customer then wanted to buy over his sister 50% equity stakes in the property (valued at $3.75M). Customer was unable get the bank to finance his part purchase exercise as he cannot meet the TDSR requirement and loan tenure. We then managed to get our private lender to finance his purchase of his sister’s share with a $2.8M loan (with a 75% LTV against the $3.75M purchase price)
Solution (2)	Separate financing had also been arranged for the remaining $950K cash difference (being the balance of the remaining 25% purchase price), which was secured by pledging part of Customer’s 50% stakes in the property as well.

Situation 2	BANKRUPTCY LAWSUIT
Deal Type	Refinancing with Fresh Cash-Out
Property Type	Detached House in Newton Area
Property Value	$14M
New Loan Amount	$10M
LTV	71.4%
Synopsis	Customer, age 72, was facing one of the biggest challenges as a veteran businessman, when one of his suppliers had filed a bankruptcy application against him (being the guarantor for his group of F&B companies). After successfully obtained the court judgement for a claim-sum of $1.9M, the customer was eventually given 2-month timeline to settle the payment, failing which he would be in imminent danger of being declared a bankrupt, thus crumbling his business empire which he had built for decades. Despite only having an outstanding mortgage of $7.5M (with a 53.5% LTV against its $14M valuation), no bank is willing to explore the fresh financing in view of his age and more importantly, the pending bankruptcy lawsuit.
Solution	Secured a $10M financing (@ 71.4% LTV from a non-bank lender, out of which $8.5M was to redeem his existing bank loan with another $1.9M to be earmarked to be paid to the supplier on the agreed deadline. Remaining $600K was disbursed to the Borrower for his personal use. With the payment made to the supplier and eventual complete withdrawal of the bankruptcy application, we have thus successfully helped our customer to avert the disaster of being made a bankrupt at this age and he can now refocus on rebuilding and restructuring his other business portfolio

Challenge 6	MULTI-PROPERTIES OWNER
Deal Type	Refinancing (with fresh cash-out)
Property	Good Class Bungalow (“GCB”) in Holland vicinity
Property Value	$70M
Existing Mortgage	$28M
New Loan Amount	$50M (with fresh $22M cash-out)
LTV	71.4%
Synopsis	At the age of 60, our borrower stood as a seasoned property investor with a remarkable portfolio of prestigious GCBs and luxurious Sentosa Bungalows. His journey was a testament to years of astute investment decisions. However, even a seasoned investor can face hurdles. Despite his impressive corporate and professional profile, the ever-evolving TDSR regulations had cast a shadow over his aspirations for further financial growth. His own bank had to adhere to these stringent regulations, leaving him unable to access additional facilities.
Solution	With determination and creativity, we set out to secure a $50 million mortgage loan from a non-bank lender. What made this solution stand out was the 18-month interest servicing repayment plan. Now equipped with fresh capital, our borrower could breathe new life into his retail business, expanding it like never before with a $22 million cash-out facility. But our assistance didn’t stop there. We successfully guided the borrower in refinancing the mortgage loan back to a local private bank just nine months after the initial disbursement. This win is a narrative of resilience and adaptability.

Challenge 3	POOR CREDIT GRADING
Deal Type	Refinancing with Fresh Cash-Out
Property	Bungalow in Katong
Property Value	$9M
Existing Loan	$5M
New Loan Amount	$7.5M (with fresh $2.5M Cash-Out)
LTV	83.3%
Synopsis	At 62 years old, our customer faced a roadblock. His aspirations for additional mortgage financing hit a snag as his bank hesitated due to both his age and an unfavorable “HH” credit bureau rating. This rating was a result of overdue credit card facilities amounting to a hefty $1.2 million.
Solution	With a determined spirit, we sought out an alternative path. Through our network of non-bank lenders, we secured a remarkable $7.5 million term loan facility. It was not just a financial transaction; it was a lifeline. The first step was to use $2.5 million of this fresh term loan to clear off the burdensome $1.2 million in overdue credit card facilities. It was a moment of relief, a chance to leave the past behind. But that was not all. The remaining funds were now at our customer’s disposal for personal investments, a fresh start to chase new dreams. This story encapsulates our commitment to finding solutions when doors seem closed. .