Short Term Loan

Time is money

Whether you're a property developer, property investor or a business owner, you need to to gain access to funds and fast. It is our goal to provide a business loan for you at low rates. The Short term or caveat loan is for business or investment purposes only. Evidence of the purpose of the loan will be required along with the usual documentation.

 

These short term ( caveat) loans are designed to provide you a quick settlement, generally within 48-72 hours of receiving a completed application.

Caveat loans are used for a variety of investment purposes or urgent business dealings. They are commonly used when securing urgent capital for

• purchasing an investment or commercial property ahead of other potential bidders.

• gaining access to working capital for your business.

• Securing deposit funds to purchase a new development project site.

Acceptable securities offered to secure short term funds include residential, commercial, retail, industrial vacant land and development sites.

We lend to 70% LVR on fair market residential valuations unlike the 'fire-sale' value by traditional lenders. The opportunity for approval is not reliant on your credit history and ability to demonstrate serviceability. The merit of the application is based on the equity available in the real estate being offered as security. 

most importantly you must have an exit strategy and we need to know just how you intend to pay the short term loan back.

We can’t loan and go behind a current 2nd mortgage or another caveat.

 

• No tax returns, required.

• No Lenders mortgage insurance to pay

• No early payout fees

• Fee capitalisation into the loan

• Loan amounts $40,000 - $10,000,000

• Flexible loan terms 30 days - 12 months (longer on case by case basis)

• Interest rates are FROM 2.75% per month to 6.00% per month depending on the strength of the deal

• Valuation Fees will not be capitalised they need to be paid upfront *conditions apply

Stop Mortgagee Sales. Dont become a "Mortgagee in Possession" sale. This can be done at bank rates

It is possible to stop the bank from selling your property in a "Mortgagee in Possession" sale and you loosing all your money. If you have a good income or asset than can be used, It can be done. it may ony require a simple refinancing or restructuring, but there is the possibility that it can be done. It may require a complete buy out form the bank but in the right circumstances it can be done.

A property salvage loan different from a caveat loan so the interest rate is at a comparible Bank Rate which is much lower than the short term rate. Please email me directly salvage@caveatloansonline.com.au or use the contact form and tell me the details. please provide a contact phone number to call you.

Facts: Every SECOND house in any street is repossessed and sold for the debt owing

• 1 in every 100 houses are taken in some degree of house fire

• 4 in every 100 houses are repossessed due to a death in the family.

• 1 in every 2 houses that are mortgaged today will be repossesed due to an illness of one of the partners, mortgage payments will fall behind causing the bank to call in the loan and sell (source MLC Insurance)

Restructuring existing financial situation.

If your situation is a case of restructuring then a quick settlement and a quick refinance should be considered, there may be the better option for you.

when you speak to our consultant put all the information forward good and bad. So that we can assist you the best way we can