Petanca Commercial in Melbourne, Victoria, Australia | Property

Petanca Commercial

Locality: Melbourne, Victoria, Australia

Phone: +61 423 686 948

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25.01.2022 Prime Minister Scott Morrison has warned the Governments coffers are being drained amid the coronavirus crisis. There are 7.7 million Australians receiving JobSeeker or JobKeeper payments, threatening to surpass the budgeted $130 billion, while banks have deferred repayments on $220 billion of loans, promoting government calls for the economy to reopen and people to get back to work. The Governments $1.6 billion "free" childcare program will end June 28. The countrys unemployment rate jumped to 6.2% in April as 549,300 jobs were lost. https://www.afr.com//clock-ticking-on-loan-holidays-wage-s

25.01.2022 COMPETITIVE PRIVATE LENDING RATES I am pleased to announce Petanca Commercial has secured 1st mortgage funding at 8.5% to 9% up to an LVR of 65% for non-coded loans. Lender expects a solid exit strategy but with my lengthy experience working in the banks I will work with my referrers to get the outcome we are after.... The security must be in Melbourne metro and after a lengthy discussion with the lender, rates and fees are very competitive in todays private lending market Why pay these high rates and high fees, when there is a competitive product ready and waiting for you or your client Feel free to call me on 0423 686 948 or email me on [email protected] for information on this mortgage fund

24.01.2022 Development in Burwood is coming along nicely for the 29 apartments funded by Petanca Commercial. Depending on the weather but hoping to have this finalised in October

22.01.2022 We are seeing a large amount enquiries for clients wanting to fund large metro properties to secure for future developments. So happy to announce, we have recently just funded two properties at a value of $3 million and $3.4 million in the western district of Melbourne for our clients. They can now move onto the next phase of their project and sub-divide the land to make a handy profit. ... If you have purchases that you are stuck trying to get funding with the banks, we can do these loans without financials If you have any enquiries feel free to call me on 0423686948 to discuss further Regards Peter

21.01.2022 Hi Guys my partner is walking 30 Kms for the Coast Trek Fred Hollows Foundation. It is for a great cause and if you can share a donation on think below that would be great https://www.coastrek.com.au//BiancaCilento2/melbourne-30km

20.01.2022 Petanca is pleased to secure another funding proposal in Beveridge for a land development. Will keep you guys updated but just settled land at this stage

18.01.2022 Petanca has another exciting project it is funding in Frankston for 2 townhouses. Working with Langford Jones Builders we are happy to have another satisfied client on our books. Slab will be laid soon to finalise stage 1

18.01.2022 Banks are offering excellent cash back offers for refinances, for either owner occupied or investment loans. Petanca Commercial has access to these lenders if you have any enquires about getting a better deal Any questions send me a pm ... https://7news.com.au//banks-offer-cash-back-on-low-rate-ho

18.01.2022 Petanca Commercial funded project in Seaford is coming along well, with part of the frame going up for the 24 apartments. Underground car park close to being finalised, which we expect the development to finish late this year. Petanca Commercial has some further great projects coming along so stay tuned!!!

17.01.2022 The private lending space in Australia is booming. Borrowers seeking short to medium term finance are finding it increasingly difficult to secure funding from traditional channels. Here are five tips for lenders targeting opportunities in this space. ow.ly/Rg7K50jPk6c

17.01.2022 In the latest news that banks have decided to ‘defer’ mortgage repayments, this could add to the mortgage stress. People need to understand your loan isn’t getting extended, it’s just getting deferred. This means you need to catch back up in the future, as you are paying interest on top of the deferred interest ... https://www.mortgagebusiness.com.au//14716-deferral-extens

17.01.2022 Merry Christmas and Happy New Year to all our wonderful family and friends at Petanca Commercial

16.01.2022 Finding it difficult to secure funding? The good news is we can assist if a deal can be done! During the Covid-19 period, banks have gone very conservative and making it hard for customers to secure funding.... Petanca Commercial has 18 years of lending experience for residential and commercial lending and can fund any loans in the market. I am also happy to announce that we have secured $60 million in private lending funds from our investors to lend out. These funds are for commercial based transactions, which Australian businesses need to assist them to get back on their feet. There must be either commercial or residential security supplied as security, to secure these loans with low documentation required. Any questions please call me on 0423686948 or email us on [email protected] https://www.mortgagebusiness.com.au//14568-responsible-len

15.01.2022 FUNDING AVAILABLE If you are chasing funding to settle a property or just need some simple business cashflow, while financials are not available, then look no further I have 1st & 2nd Mortgage funding available, up to 65% on a first and 70% to 75% on a 2nd been available at great rates which needs to go out to borrowers ASAP... For developers if you are looking to fund your projects, I can assist up to 75% of the net GRV through my private lending network If any of this is suitable for you or your clients please feel free to contact me on the below details Peter Wayman Director Petanca Pty Ltd T/As Petanca Commercial Commercial Finance Specialist Australian Credit Licence Number: 505848 Diploma of Finance and Mortgage Broking 8 Fran Court, Glen Waverley Vic 3150 M: 0423 686 948 E: [email protected] Foreign Lending|Commercial Lending|Construction Finance|Business Funding|Private Lending|Low Doc Finance

13.01.2022 Banks are looking at extending interest only loans for a further 12 months to assist with the Covid-19 issue. For further assistance please feel free to message me or read the below article https://www.mortgagebusiness.com.au//14577-cba-mulling-int

12.01.2022 Interesting article below with immigrants dropping of due to the lockdown, the housing demand will drop off considerably https://www.mortgagebusiness.com.au//14660-immigration-slu

12.01.2022 Another fantastic project, that Petanca Commercial has funded in Brunswick. Clients have not had development experience and did not want any presales for a $10.2 million end value project We have managed to secure funding for $3.8 million, that will involve 27 apartments with a commercial property at the bottom.... Once finished, clients will have a solid rental income stream and can start working towards retirement. Stay tuned for updates and pictures throughout the project

11.01.2022 Self Managed Super Fund Loans I am starting to see a lot of interest from borrowers, wanting to purchase properties through their current superannuation balances SMSF Loans. Self managed super funds (SMSFs) can borrow money for the purchase of residential or commercial investment property, with the property held in trust for the SMSF until the loan has been repaid. ... ... SMSF loans are also known as limited recourse borrowing arrangements (LRBAs). If you want to know more about these loans, please dont hesitate to give me a call Peter Wayman Director Petanca Pty Ltd T/As Petanca Commercial Commercial Finance Specialist Australian Credit Licence Number: 505848 Diploma of Finance and Mortgage Broking 8 Fran Court, Glen Waverley Vic 3150 M: 0423 686 948 E: [email protected]

11.01.2022 Prime Minister Scott Morrison has warned the Government's coffers are being drained amid the coronavirus crisis. There are 7.7 million Australians receiving JobSeeker or JobKeeper payments, threatening to surpass the budgeted $130 billion, while banks have deferred repayments on $220 billion of loans, promoting government calls for the economy to reopen and people to get back to work. The Government’s $1.6 billion "free" childcare program will end June 28. The country’s unemployment rate jumped to 6.2% in April as 549,300 jobs were lost. https://www.afr.com//clock-ticking-on-loan-holidays-wage-s

09.01.2022 Self Employed or employed as a PAYG and the banks keep saying NO? Ive got options for you through my bank or private lenders!!!! Give me a call to discuss on 0423686948

07.01.2022 NEW PRIVATE FUNDS AVAILABLE Petanca Commercial wanted to share with you all, that on Friday we have officially secured $10 million in funds with multiple investors. We have been in discussions for a month about setting the fund up and I am now more than happy to share this great news with you all ... The property locations will need to be in the Melbourne area, up to a 70% LVR with quick settlements available The investors are new to 2nd mortgages but clearly understand the process, as we have been speaking with them on going along with our legal team The market for 1st mortgages is still strong, as we have funds from 8.5% to 9% for 1st mortgages with no income verification, but off course it needs to be non coded Developments are still available up to $125 million but enquire within for more information on this Any questions feel free to contact me anytime to get further information Peter Wayman Petanca Commercial Commercial Finance Specialist M: 0423 686 948 E: [email protected]

07.01.2022 Petanca is excited to be funding this exciting project in Seaford for 24 apartments right on the water. Hole is dug for the fittings and shock crete walls have just been put in. Project around 10 months to completion

07.01.2022 Good morning guys! What a lovely morning it is to get ready for another cracking day. Its so busy in the short term lending space or even if youre looking to sort out some complicated finance proposals. Petanca Commercial has a great range of lenders that is available for its new and existing clients. Hope you all have a great day and if anyone needs assistance contact me on 0423686948 or email [email protected]

07.01.2022 Development in Burwood that started around 18 months ago for 27 apartments has just about finished. These are the type of developments Petanca Commercial funds and for any enquires please let me know #developmentfunding #commercialfinance #mortgagebroker

06.01.2022 We thought at Petanca Commercial it was a good time to reflect on 2019 and what is ahead in 2020. David Robertson of the Bendigo Bank is very informative to listen to, hence why we are sharing the link below: https://www.linkedin.com//bendigo-and-adelaide-bank_benmar

06.01.2022 Petanca has some exciting developments under away in the suburbs of Frankston & Seaford so stay tuned. We have some excellent commercial products either through financial institutions or private lending to tailor to your needs. Drop us a line if your interested in securing some funding

06.01.2022 Short Term Finance at 6.99% With Christmas fast approaching now is the time to finalise new loan applications to ensure your clients settlement timeframe expectations are met so that they (and you!) can relax over the holiday period. To get in on the festive spirit Petanca Commercial has decided to offer a special Christmas rate of 6.99% for any loan application received before December 25th backed by residential security with a term less than 6 months at a maximum 65% LVR. B...orrowers must have a clear exit strategy and good credit history. Please contact me on [email protected] or on my mobile 0423 686 948 to discuss your lending scenario today. I look forward to speaking with you. #commerciallending #privatelending #finance

06.01.2022 Another successful settlement in Burwood, Melbourne to construct 29 apartments. You will see we are at the stage of finalising the trench for the car park, which will sit under the apartments. We expect the project to take 15 months as an estimated timeframe, which should look great when finalised. Stay tuned for regular updates during the project

06.01.2022 Interesting read on the link below with the Melbourne housing market expected to drop by 10% plus. So not a bad time to sit and wait for the right time to buy, while the market bottoms out https://www.mortgagebusiness.com.au//14762-home-prices-won

06.01.2022 Economy Update: There has been a major shift in sentiment over the past couple of weeks in the financial markets where risk has been significantly reassessed. Market participants view a stronger recovery for the global economy, with restrictions lifting and economies reopening....Continue reading

05.01.2022 Petanca Commercial was able to settle a loan for $1.2 million yesterday for some clients in Camberwell after three long months on working together to get a successful outcome The clients approached Petanca Commercial as they had suppliers breathing down their neck for outstanding accounts, while their current lender was contributing to their stress We approached the clients accountant and worked closely with them to get their financials up to date, so we could present the de...al to another lender After doing some background work to get a better understanding of the clients full financial position, we were able to secure the appropriate funding to meet the clients needs It turned out by changing lenders and paying out debts such as the tax office, outstanding suppliers, releasing caveats plus the current lender, they were better off by $1,200 per month in loan repayments Clients were very happy as they now have the cash flow to run their business, not in default interest with a mortgage holder and can now reshape how they do business going forward They also were able to free up two properties that the bank held unnecessarily as security, with a low LVR of 40% with all the stress gone Petanca Commercial specialises in debt consolidation, development funding, commercial lending and short term 2nd mortgage lending for anyone that requires assistance

02.01.2022 Great to see the banks have finally reduced the assessment rates on home loans via APRA. It was effective on 15 July 2019, that ANZ amended the Floor Rate and Sensitivity Margin used for retail lending. The current ANZ Floor Rate of 7.25% was amended to 5.50% and the Sensitivity Margin that is currently 2.25% will be changed to 2.50%... What this means is when the banks are assessing your home loan, they dont assess it at 7.25% rate anymore, it is assessed now at 5.50% on average. If you are looking at a home loan or a commercial loan, please feel free to call me on 0423 686 948 to discuss your scenario For more information check out the link https://amp.smh.com.au//apra-moves-to-scrap-7-percent-mort

01.01.2022 Tip of the week: what is your Superannuation doing??? Why not use it to purchase a property by starting a self manage superfund! Ask me how this can happen???... Peter Wayman I Business Development Manager Mobile: 0423 686 948 Ask me how this can happen???

01.01.2022 Attention Developers/Brokers!!!! We have secured some fantastic private lenders for development funding at great rates. Remember we dont require pre-sales, work on a GRV of 65% and on top of that we can fund foreign investors to purchase in Australia. Please call me on 0423686948 for more info.