28 Sep 2023 Podcast: Guest – Unraveling Private Lending: Insights with Nick Green of Oak Capital
In this episode, we’re joined by Nick Green from Oak Capital, as he and Evelyn delve deep into the rapidly evolving world of Private Lending.
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Discover its pros and cons, grasp the reasons behind the increasing interest in private loans, and arm yourself with vital tips for prudent borrowing.
Nick also talks about the Oak Capital approach to the world of lending.
Tune in for this special episode that unravels the nuances of private lending.
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
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Podcast produced with Apiro
Please find a Podcast summary below with the interview highlights:
In this episode of the You Have My Interest podcast, host Evelyn Clark interviews Nick Green from Oak Capital to explore the world of private lending. The discussion offers valuable insights into what private lending is, its benefits, and how it serves a niche market within the lending industry.
Key Points from the Episode:
What is Private Lending?
- Private lending involves investor-backed funding rather than traditional banking or non-bank lenders.
- It provides specialized solutions, particularly for business purposes, rather than for personal property purchases.
- Private loans are often used by clients who need fast funding or do not qualify for major bank lending.
Who is Private Lending For?
- Tailored for business customers rather than individuals purchasing residential properties.
- Ideal for clients who require quick access to funds or have unique financial needs not met by traditional lenders.
Nick Green’s Role at Oak Capital:
- Nick joined Oak Capital in 2020 as the Head of Distribution, bringing extensive experience in residential and commercial lending.
- He works closely with brokers, helping them navigate private lending options and submit strong applications on behalf of their clients.
Benefits of Private Lending:
- Faster access to funding compared to traditional banks.
- More flexibility for clients with complex financial situations.
Challenges and Considerations:
- Typically comes with higher interest rates due to the specialized nature and speed of service.
- Requires careful assessment to ensure it’s the right fit for the client’s needs.
This episode sheds light on the opportunities and considerations within private lending, offering brokers and business clients a deeper understanding of this financial solution. Tune in to learn more from Nick Green and his expertise at Oak Capital