Greystone Advisory

Private Property Loan

If you’re facing challenges in securing loans from traditional banks, we can help you get the private mortgage solutions you need. Our network of established private lenders will provide financing for properties that banks often shy away from, providing unlevered capital to lucrative opportunities.

Why Partner with Us to Secure Private Property Loan

Fast approval times compared to traditional banks
Find the right loan program to meet your needs
Expert guidance on the process of acquiring private mortgage loans

HOW OUR PRIVATE PROPERTY LOAN SOLUTIONS CAN HELP YOU

Apart from the traditional bank mortgage, property owners or investors can also secure alternative mortgage financing from non-bank private lending institutions. These include finance companies, family offices or a collective group of private investors.

When you work with our private financing company to secure a property loan, we simplify the process for you. Greystone Advisory stands out because:

We work hard to secure competitive interest rates from our network of private lenders, ensuring you get the best possible deal.
Our loan brokers understand that everyone has varying needs and circumstances. That’s why we help you find lenders with flexible loan terms that are tailored to your specific financial situation.
Time is of the essence. That’s why we guide you through the application and approval process to get your funds disbursed quickly.

Greystone Advisory

As a boutique mortgage advisory firm specializing in NON-BANKS mortgage loans, we aim to deliver alternative tailored mortgage solutions with fast loan disbursement for your property investments, personal cashflow and working capital needs when the banks can’t or won’t (do it for you).

TYPES OF PRIVATE PROPERTY LOANS

New Purchase

Property:

Residential, Commercial & Industrial

Profile:

Buyers who can’t qualify for bank loans due to issues relating to age, credit history, ex-bankruptcy, TDSR etc

Purpose:

To finance a new purchase

Loan Size:

Up to SGD$50,000,000/-, even for multi-properties owners.

Refinancing (Fresh Cash-Out)

Property:

Residential, Commercial & Industrial

Profile:

Owners who can’t qualify for cash-out application primarily due to low reported income, high borrowings (” TDSR Failure), bad credit history, old age, pending lawsuits &/or other credit issues etc.

Purpose:

Owners looking to unlock the equity value of the property for their immediate business or personal use.

Owners looking to gain access to the balance equity value of their property while concurrently trying to sell their property.

Minimum Loan Size:

Up to 85% (residential), 70% (commercial) & 60% for industrial).

Refinancing (Distressed Property)

Property:

Residential, Commercial & Industrial

Profile:

Owners who are facing property repossession by the banks due to default in their mortgage repayments.

Purpose:

Owners looking to avoid property foreclosure by refinancing the existing mortgage loans with fresh cash-out facilities for them to service their future mortgage payments &/or other personal use.

Minimum Loan Size:

Up to 85% (residential), 70% (commercial) & 60% for industrial).

2nd Charge/Caveat Property Loan

Property:

Residential, Commercial & Industrial

Profile:

Business and/or property owners looking for immediate access to the remaining equity of their property (currently mortgaged to the bank) but are unable to qualify/ wait for bank loan approval.

Purpose:

For their urgent business &/or personal funding needs.

Minimum Loan Size:

Up to 75% LTV, even for multi-properties owners.

Disbursement:

Within 3 working days from loan approval.

Lock-in Period / Loan Tenure:

3 to 12 months

Others:

Owners DO NOT HAVE to move their existing mortgage loans out from their current banks.

Bridging Loan (Sales Proceeds)

Property:

Residential, Commercial & Industrial

Profile:

Owners who just sold their properties but need immediate access to the sales proceeds, which usually come in 3 months later.

Purpose:

Such bridging funding is mainly used to settle the owner’s immediate outstanding personal obligations with IRAS, MCST and/or other unsecured creditors to avoid delays in the completion of the property sale.

Minimum Loan Size:

Up to 80% of expected sales proceeds received (after factoring CPF usage with accrued interest).

Disbursement:

Within 3 working days from loan approval.

Lock-in Period / Loan Tenure:

Loan and interest are only be be fully repaid to the bridging loan lender on the same day when the property sale is completed.

Bridging Loan (Credit Facilities)

Property:

Residential, Commercial & Industrial

Profile:

Owners with a Letter of Offer (LO) from a private lender but need immediate drawdown of the new credit facilities before completing the legal conveyancing process (which typically takes 4 to 6 weeks)

Purpose:

For their immediate business or personal needs.

Minimum Loan Size:

Up to 80% of the credit facilities limit as accepted by the owner.

Disbursement:

Within 3 working days from loan approval.

Lock-in Period / Loan Tenure:

Loan and interest are only to be fully repaid to the bridging loan lender on the same day when the new loan facility is disbursed.

Property

New Purchase: Residential, Commercial & Industrial

Refinancing (Fresh Cash-Out): Residential, Commercial & Industrial

Refinancing (Distressed Property): Residential, Commercial & Industrial

Profile

New Purchase: Buyers who cant qualify for bank-loans due to issues relating age, credit history, ex-bankruptcy, TDSR etc

Refinancing (Fresh Cash-Out): Owners who cant qualify for cash-out application primarily due to TDSR &/or other credit issues.

Refinancing (Distressed Property): Owners who are facing property repossession by the banks due to default in their mortgage repayments.

Purpose

New Purchase: To finance new purchase

Refinancing (Fresh Cash-Out):

Owners looking to unlock the equity value of the property for their business or personal use.

Owners looking to gain access to their balance equity value of their property while con-currently trying to sell their property.

Refinancing (Distressed Property): Owners looking to avoid property foreclosure by refinancing the existing mortgage loans with fresh cash-out facilities for them to service their future mortgage payments.

LTV

New Purchase: Up to 75% LTV, even for multi-properties owners.

Refinancing (Fresh Cash-Out): Up to 85% (residential), 70% (commercial) & 60% for industrial).

Refinancing (Distressed Property): Up to 85% (residential), 70% (commercial) & 60% for industrial).

Property

New Purchase: Residential, Commercial & Industrial

Refinancing (Fresh Cash-Out): Residential, Commercial & Industrial

Refinancing (Distressed Property): Residential, Commercial & Industrial

2nd Charge / Caveat Property Loan: Residential, Commercial & Industrial

Bridging Loan (Sales Proceeds): Residential, Commercial & Industrial

Bridging Loan (Credit Facilities): Residential, Commercial & Industrial

Profile

New Purchase: Buyers who cant qualify for bank-loans due to issues relating age, credit history, ex-bankruptcy, TDSR etc

Refinancing (Fresh Cash-Out): Owners who cant qualify for cash-out application primarily due to TDSR &/or other credit issues.

Refinancing (Distressed Property): Owners who are facing property repossession by the banks due to default in their mortgage repayments.

2nd Charge / Caveat Property Loan: Buyers who cant qualify for bank-loans due to issues relating age, credit history, ex-bankruptcy, TDSR etc

Bridging Loan (Sales Proceeds): Owners who cant qualify for cash-out application primarily due to TDSR &/or other credit issues.

Bridging Loan (Credit Facilities): Owners who are facing property repossession by the banks due to default in their mortgage repayments.

Purpose

New Purchase: To finance new purchase

Refinancing (Fresh Cash-Out):

Owners looking to unlock the equity value of the property for their business or personal use.

Owners looking to gain access to their balance equity value of their property while con-currently trying to sell their property.

2nd Charge / Caveat Property Loan: To finance new purchase

Bridging Loan (Sales Proceeds):

Owners looking to unlock the equity value of the property for their business or personal use.

Owners looking to gain access to their balance equity value of their property while con-currently trying to sell their property.

Bridging Loan (Credit Facilities): Owners looking to avoid property foreclosure by refinancing the existing mortgage loans with fresh cash-out facilities for them to service their future mortgage payments.

LTV

New Purchase: Up to 75% LTV, even for multi-properties owners.

Refinancing (Fresh Cash-Out): Up to 85% (residential), 70% (commercial) & 60% for industrial).

Refinancing (Distressed Property): Up to 85% (residential), 70% (commercial) & 60% for industrial).

2nd Charge / Caveat Property Loan: Up to 75% LTV, even for multi-properties owners.

Bridging Loan (Sales Proceeds): Up to 85% (residential), 70% (commercial) & 60% for industrial).

Bridging Loan (Credit Facilities): Up to 85% (residential), 70% (commercial) & 60% for industrial).

Disbursement

2nd Charge / Caveat Property Loan: Within 3 working days from loan approval.

Bridging Loan (Sales Proceeds): Within 3 working days from loan approval.

Bridging Loan (Credit Facilities): Within 3 working days from loan approval.

Loan Tenure

2nd Charge / Caveat Property Loan: 3 to 12 months

Bridging Loan (Sales Proceeds): Up to completion date of property sale.

Bridging Loan (Credit Facilities): Up to loan disbursement date.

Others

2nd Charge / Caveat Property Loan: Owners do not have to refinance their mortgage loans out from their existing banks.

Bridging Loan (Sales Proceeds): Loan & Interest are to be fully repaid only on completion date.

Bridging Loan (Credit Facilities): Loan & Interest are to be fully repaid only on loan disbursement date.

ELIGIBILITY REQUIREMENTS FOR PRIVATE PROPERTY LOAN

While private lenders offer greater flexibility than traditional banks, they still have specific criteria to assess your suitability for a mortgage loan. These requirements may vary depending on the lender and the type of property you’re planning to purchase.

Proof of stable and reliable income source (6 months of your payslip or CPF contributions)
Total Debt Servicing Ratio must not exceed the lender’s required percentage

Must be incorporated locally for 12 to 24 months for commercial and industrial property loans
At least 30% of the company should be owned by Singaporeans and Permanent Residency Holders for commercial and industrial property loans

DOCUMENT REQUIREMENTS FOR PRIVATE PROPERTY LOAN

When applying for a private property loan, you’ll need to provide documentation to support your application and verify your financial information. The specific documents required may vary depending on the lender and the type of property, but this is a general list:

NRIC or passport for Singaporean citizens and permanent residents. For foreigners, a valid passport and relevant immigration documents may be required.
Proof of income, such as payslips, income tax assessments, or company financial statements (for commercial and industrial property loans)
Recent bank statements (typically for the past 3-6 months) showing your transaction history and account balances.
Title deed
Property Tax Documents
Valuation Report
Other Relevant Documents:
Sales and Purchase Agreement (for new purchases)
Tenancy Agreement (if the property is rented out)

ADVANTAGES OF PRIVATE PROPERTY LOAN

Private property loans offer several key advantages over traditional bank loans:

Negotiate loan terms that align with your financial circumstances.
Experience faster approval processes, ideal for time-sensitive situations.
Receive personalized attention and guidance from experienced mortgage advisors.
Potentially access higher LTV ratios compared to bank loans.
Suitable for individuals who may not meet stringent bank requirements.

HOW TO APPLY FOR PRIVATE PROPERTY LOAN

Applying for a private property loan is a straightforward process. This is a step-by-step guide on how it works:

Step 1: Assess Your Financial Needs

Begin by carefully evaluating your financial situation and determining the loan amount required to achieve your property goals. Consider factors such as your desired Loan-to-Value (LTV) ratio, repayment capabilities, and desired loan tenure.

Step 2: Contact Greystone Advisory

Reach out to our team of loan brokers in Singapore for a consultation. We’ll take the time to understand your unique circumstances, financial goals, and any challenges you may have faced with traditional bank loans.

Step 3: Gather Your Documents

Our advisors will guide you on the necessary documentation required to support your application. This typically includes proof of income, bank statements, property information, and identification documents. We’ll ensure you have a clear understanding of the requirements and assist you in gathering the necessary paperwork.

Step 4: Complete the Application

With your documents in order, our advisors will assist you in completing the loan application accurately and efficiently. We’ll guide you through each step, ensuring all necessary information is provided and addressing any questions you may have.

Step 5: Receive Approval and Funding

Once your application is submitted, we’ll work closely with our network of private lenders to secure favorable terms for your situation. Upon loan approval, we’ll facilitate the disbursement of funds promptly, allowing you to proceed with your property investment plans without delay.

FREQUENTLY ASKED QUESTIONS

What is a private property loan?

A private property loan is a type of financing specifically designed for individuals who own private residential properties. These private property loans are tailored to address the financial needs of individuals, especially those who may have faced rejection for bank loans.

Why consider a private property loan if my bank loan has been rejected?

Private property loans provide an alternative source of financing for individuals who have faced rejections securing traditional bank loans. Whether due to credit issues or unconventional financial circumstances, private property loans offer a viable solution.

How does Greystone Advisory assist in obtaining private property loans?

Greystone Advisory acts as a proficient loan broker, connecting borrowers with legal lending companies and institutions offering private property loans. This intermediary role streamlines the process for individuals seeking private money loans, especially those who have faced rejection for loan applications from mainstream banks.

Aside from private property loans, we also offer private personal loans and private business loans in Singapore.

Can I apply for a private property loan if my credit history is less than perfect?

Yes, private property loans offered by Greystone Advisory’s non-bank bank lending partners consider a broader range of financial situations, including less-than-perfect credit histories. Private property loans are designed to be more inclusive, providing options for individuals who may have faced rejection for bank loans due to credit issues.

Are there flexible repayment options for private property loans?

Yes, private property loan programs include options with flexible repayment terms. Borrowers can explore plans that suit their financial circumstances, especially if they have unique income sources or face rejection for bank loans that follow conventional repayment structures.

How quickly can I expect approval for an emergency cash relief private property loan?

Emergency cash relief private property loans through Greystone Advisory are designed for efficient approval. Borrowers facing urgent financial needs and perhaps having experienced rejection for loan applications from banks can benefit from a streamlined private property loan approval process.

Can I refinance my private property loan?

Yes, some private property loan packages offered include the option to refinance. This flexibility allows borrowers to reassess and adjust their financing arrangements based on changing circumstances, a feature not always readily available with traditional bank loans.

Is financial counselling available for credit rebuilding private property loans?

Yes, Greystone Advisory provides financial counseling as part of the credit rebuilding private property loan package. This additional support is beneficial for individuals looking to improve their credit history after facing bank loan rejections.

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. .

Private Property Loan

HOW OUR PRIVATE PROPERTY LOAN SOLUTIONS CAN HELP YOU

Greystone Advisory

TYPES OF PRIVATE PROPERTY LOANS

Property:

Profile:

Purpose:

Loan Size:

Property:

Profile:

Purpose:

Minimum Loan Size:

Property:

Profile:

Purpose:

Minimum Loan Size:

Property:

Profile:

Purpose:

Minimum Loan Size:

Disbursement:

Lock-in Period / Loan Tenure:

Others:

Property:

Profile:

Purpose:

Minimum Loan Size:

Disbursement:

Lock-in Period / Loan Tenure:

Property:

Profile:

Purpose:

Minimum Loan Size:

Disbursement:

Lock-in Period / Loan Tenure:

ELIGIBILITY REQUIREMENTS FOR PRIVATE PROPERTY LOAN

DOCUMENT REQUIREMENTS FOR PRIVATE PROPERTY LOAN

ADVANTAGES OF PRIVATE PROPERTY LOAN

HOW TO APPLY FOR PRIVATE PROPERTY LOAN

FREQUENTLY ASKED QUESTIONS

Still unsure?

Get in touch with us and we will explain more to you in loan program section.