IBN Private is a specialist broker who has access to over 600 Private Funding options to place deals that fall outside traditional bank policies and guidelines.
IBN Private was established in 2004.
Our staff have decades of finance industry experience in everything from the ‘big banks’ to second tier lenders.
Generally from $500,000 to $50 million, with higher amounts available upon application.
Generally we arrange funding for up to 2 years.
IBN Private has access to over 600 Private Funding options in addition to traditional banks and non-bank funding, giving you the greatest chance of finding a lender suitable to your needs.
Our experienced staff will be able to quickly assess your situation and advise if we can assist. We have a solid relationship with our Funders. We will keep you updated on the progress of your loan with frequent communication.
We have offices in Melbourne, Sydney, Brisbane and our processing centre is located on the Sunshine Coast. We fund deals Australia-wide.
IBN has funders in all states.
We can do home loans but it is not our core business. Wherever possible, we encourage our Referrer to access their own panel of funders prior to engaging IBN.
We do have private funding options available for rural lending however, we are restricted by funder policy to a degree.
Simply call our office on 1300 668 551 to speak to one of our experienced team. We will give you a quick ‘yes’ or ‘no’ if your loan is something we can assist with.
Absolutely! IBN Private are experts in finding commercial funding solutions that fall outside the traditional guidelines for lending.
This is our core business. IBN specialises in funding Development deals where the Banks have said no because they want presales. This may be a matter of simply having none at the time of the funding request or alternatively would like funding made available sooner rather than having to wait on presales.
Yes, you can send an enquiry to us via our website using the “Get a Quote” page.
Our highly trained credit staff will assess your loan to evaluate if it is something IBN can assist with and then we will contact you to discuss options.
Absolutely. Phone 1300 668 551 or email [email protected]
Rates can vary depending on the type of funding and the lender. For an accurate rate quote please complete our “Get a Quote” form. For rate guidelines, please refer to the rate ranges provided on our website here.
Private lending funds are usually sought when loans fall outside traditional bank lending criteria, therefore funds are lent against greater than normal risk which will attract a higher rate of interest.
Whilst sometimes a cheaper rate may be available, it is not always the best solution for the client. For every deal we will always quote a range where we consider funding can be comfortably achieved. We would rather ‘under promise’ and ‘over deliver’ rather than quote rates that are not achievable.
With a panel of over 600 funders it will be depend on the type of deal and location of deal to know where it would sit best. Lender details will not be provided to the Client or the Referrer until such time our Engagement Letter and Mandate have been signed and the upfront consultancy fee has been paid.
We have many lenders on our panel who have met our stringent criteria so you can be assured that we introduce you to highly reputable and quality lenders.
They can be anything from large Private Lending Companies, Superannuation Funds, Managed Investment Systems, Solicitors Funds or High Net-Worth individuals.
Yes, we often place deals with mainstream lenders, however, our speciality is private funding.
We will not issue an engagement letter unless we believe your deal can be funded. We have an in depth knowledge of our Lenders criteria, so we know what will and will not fit. Our lenders are not contracted until after we have been formally engaged. We take on deals that from experience we would have a number of lender options and believe a successful outcome is highly achievable.
Possibly, but not always. This will be up to the individual funder. If there is a current valuation held by the client this is a question that can certainly be asked of a lender once the deal has progressed.
There are fees charged by IBN and fees charged by the lender. IBN charges a consultancy fee payable prior to the to release the Lenders conditional offer. The current fee is $2,200 inclusive of GST and there is also success fee of 2.2% inclusive of GST of the total loan amount, payable upon settlement. Lender fees can vary between lenders but range from 0.5% to 2% for the establishment fee and on top of this fees are charged in most instances for valuations and legals.
Our brokerage (success) fee of 2.2% inclusive of GST of the total loan amount is charged upon settlement.
This depends on the funder and what type of loan the Client is applying for.
For Short Term Business loans – a same day response is quite common, but up to 24 – 48 hours.
For Commercial/Residential loans – usually 24-48 hours
This depends on the funder and what type of loan the Client is applying for.
For Short Term Business loans – usually 24 – 48 hours.
For Commercial/Residential loans – usually 3-5 working days
This depends on the funder and what type of loan the Client is applying for and how quickly they can provide the information and documentation requested.
Short Term Business loans – usually 24 – 48 hours after loan and mortgage documents have been received.
Commercial/Residential loans – usually 48 – 72 hours after loan and mortgage documents have been received.
This will depend on the funder, what type of loan the Client is applying for, and how quickly the Client can provide the information and documentation requested.
Short Term Business Loans – Can be turned around quickly depending on the lender and if a valuation is required. It is not uncommon to settle short term loans the same or next day, but it can take up to 2 – 5 working days.
Commercial/Residential loans – Usually takes around 4 weeks
Development Loans – From lodgement with lender to settlement we generally work on 4 to 5 weeks providing everything goes to plan. There are things outside our control like valuations that could delay the process.
Not generally, but this is dependent on the type of loan. All costs are clearly outlined in the funder documentation and we are happy to help clarify any concerns you may have.