PRIVATE FINANCE AGAINST PROPERTY HOUSE FLAT AVAIL PROPERTY LOAN RESIDENTIAL AND COMMERCIAL PROPERTIES
A private loan against property consists by definition of financing facility granted through private loan lenders who provide funds using the value of real estate owned by an individual borrower who is looking to finance his current needs.
A private loan against a property is a secured loan which approved by an individual lender who takes a house or a flat as collateral to mitigate his risks in case of default of payment of the borrower for any reason.
A private finance against property follows some conditions which are often imposed by private loan lenders who only accept as security a fully constructed and freehold property (residential as well as commercial) and grant only up to 50% of the market value of a mortgaged real estate.
A private loan against property in addition to be restricted to a LTV (Loan To value) of 50% requests from the borrow to prove regular revenues which will serve to repay the loan and sometimes adding an age limit.