““Over the past several years, our family has invested many millions of dollars using the services of Steven Acworth. His attention to detail in the application, settlement, management and recovery phases of the loans has been very helpful.
Mr Acworth has been co-operative and courteous, and there has been no loss of principal nor interest in any of the loans he has introduced or managed.””
pmcs is a DIRECT Private Mortgage INVESTOR & SERVICE PROVIDER for OTHER Private Investors.
Private lending is, simply an alternative form of investment, adding to Portfolio Diversity and giving rights, negotiability and direct controls which may not be available in other forms of less direct investments.
PMCS assists by presenting analysed opportunities and oversight both leading up to, and subsequent to settlement, as well as recovery where necessary. Ultimately however, all decisions are made by the investors, though of course we will be involved in discussion as appropriate and will perform functions as instructed.
PMCS is not an investment adviser; we do not give advice of any sort. We advocate that appropriate professional advice be taken by anyone considering any investment.
Controls
Financial advisers may argue that diversity is the key to safety. One factor underscoring diversity is control. You cannot control the stock market. Nor the real estate market. Nor cash rates. What an investor can control is the method of involvement.
In the private mortgage market, the investor’s involvement is essentially direct with the borrower, though with PMCS assistance and the advice and expertise of legal or other professionals as considered necessary.
It is the investor who makes the decisions, and determines
- amount of the investment
- type and location of the property in which to invest
- loan to valuation ratio or LVR)
- recovery process
- variations, extensions allowed after settlement
Return on investment and loan structures - these may vary
The investor determines the return required for risk.
- Loan Amount (per single security) $800,000 to $10,000,000
- Generally 8%pa to 12% pa presently
- Interest Only (monthly in advance) or retained at settlement.
- LVR: Up to 75% (generally 70%)
- 6 to 12 months