Caveat Loans | Short Term Loans | Second Mortgages
Need cash today...a short term loan is the answer
Short term loans can be approved in as little as 2 hours. There is no need to produce financial statements or fill out lengthy applications forms as these loans are approved against equity in your property. Terms range from 1 to 12 months for loan amounts of $20,000 - $500,000.
Interest rates vary depending on loan amount and loan term. Because they are designed to cover a short term cash need, you must have a suitable exit strategy such as sale of a property, refinance approval or other approved clearance source.
How do Caveat Loans and Second Mortgages work?
Caveat Loans, Short Term Loans and Second Mortgages are secured by either a caveat or second mortgage over residential or commercial property. Lenders will typically consider advancing up to 80% against residential property and 70% against commercial security.
How do I arrange Caveat Loans / Second Mortgage Loans?
Custom Finance can arrange Caveat Loans, Short Term Loans and Second Mortgages through a number of different Short Term Lending Specialists to suit your needs.
The application process is very simple but you must have equity in either residential or commercial real estate and a definite exit strategy.
What borrowing purpose is acceptable?
Caveat Loans, Short Term Loans and Second Mortgages must be for either Business or Commercial Investment Purposes such as:
Payment of business debts
Bridging finance
Business working capital
Taxation payment for business
Purchase of commercial property
Call us today on (08) 6278 3011 or email us for a quote
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