Broker FAQs
Find quick answers about our loan products, application process, and commissions here. For more details, contact our support team.
About Vado
Founded in 2017, Vado Private is a specialist investment manager that provides competitive debt funding solutions to property developers, property investors and business owners. Since inception, Vado Private has funded over 230+ loans and ~$510 million of transactions to help brokers and their clients bring their real estate projects to life.
Vado Private sources capital from institutional partners, family offices, and high net worth investors.
Loans funded by Vado Private are categorised outside the National Consumer Credit Protection (NCCP) Act. All loans are to corporate borrowers with funds required for business and investment purposes.
Loans funded by Vado Private are categorised outside the National Consumer Credit Protection (NCCP) Act. Our loans are to corporate borrowers with funds required for business and investment purposes. All loans must be secured by a registered first or second mortgage over residential or commercial property.
Private Credit
In the usual banking relationship, the investor deposits funds with the bank and the borrower obtains finance from the bank. The investor is paid a conservative rate of return and has no knowledge of the particular loans that the deposit is funding.
Private lending, also known as private credit, is commonly referred to as “the oldest form of mortgage lending” and refers to non-bank lending where loans are provided by private entities rather than traditional financial institutions like banks.
Yes, private lending is legal, but it is subject to various regulations and legal requirements. These regulations are designed to protect both investors and borrowers and ensure the integrity of the financial system.
Vado Private operates under an Australian Financial Services License (AFSL #526189) issued by the Australian Securities and Investments Commission (ASIC). Holding an AFSL signifies that the licensee has met the regulatory requirements set by ASIC and is permitted to conduct specified financial services activities within the legal framework of the Australian financial system.
The safety of private lenders depends on various factors, including the lender’s reputation, regulatory compliance and, lending practices. Established private lenders with a solid reputation and track record are generally safer. Brokers and borrowers should research the lender’s history, customer reviews, and any potential regulatory actions or legal issues.
Vado Private has been a member of AFCA since 2020. Our membership number is 86790.
Products/Offering
Vado Private is a specialised mortgage manager. All loans are secured by a registered first or second mortgage against property asset classes including residential, retail, commercial and industrial for both development and investment. Typically, borrowers include property developers, property investors and small-to-medium sized business owners.
Generally, our minimum loan term is three months.
The maximum loan term is 36 months.
Depending on the loan complexity and urgency, if required we can issue high level terms within 1-2 hours of receiving a loan application.
We believe relationships are maintained through effective and long-term results, not sales pitches. Vado Private discloses all fees and service expectations in writing. The term sheet will cover all fees.
No. In accordance with our credit guidelines, all our loans must be secured by a registered first or second mortgage against residential and commercial property.
Generally, we don’t require any pre-sales and this is assessed on a case-by-case basis.
Vado Private does lend in non-metro areas, however facility limit and loan-to-value (LVR) restrictions will apply based on the location category.
Interest does not have to be prepaid. Borrowers have the option to either:
Service interest monthly from date of settlement; or
Prepay interest in part and then service interest monthly for remaining term; or
Prepay interest for the entire loan term (up to a maximum 12 months)
The borrower can repay the loan at any time.
Whilst there are no penalties to repay a loan early, for some loans a minimum interest period applies.
Subject to any minimum interest period, a pro-rata interest credit will apply on the prepaid interest amount if a loan is repaid early.
