Caveat Loans | Short Term Loans | Second Mortgages
Caveat Loans, Short Term Loans and Second Mortgages are available for business purposes and investment.
They are usually approved the same day, with minimal financial information required.
Loans are available to borrowers in all states, for purposes such as business working capital, business purchase, business expansion, property settlements and many other worthwhile purposes.
Short Term Business Loans
> Available for business purposes and investment (non-coded loans only)
> Rates from 2.75% per month
> Short term loans available from 1 month to 12 months
> Loan amounts from $20,000 to $500,000
> Same day approval with settlement in 48 - 72 hours
> Interest, fees and charges can be added to the loan amount
> First and second mortgages available
> Up to 75% LVR (Loan to Value Ratio) for residential properties
> Now available in all states
Submit an enquiry online using the form below.
Bridging Loans
> Available for business purposes and investment (non-coded loans only)
> Rates from 9.75% per annum
> Short term loans available from 1 week to 12 months
> Loans amounts from $20,000 to $2,000,000
> Loans approved the same day with settlement in 48 -72 hours
> Simple loan application with no financials necessary
> Fees and charges can be added to the loan
> First and second mortgages available
> Up to 80% LVR (Loan to Value Ratio) for residenatil properties
> Now available in all states
> Lenders Risk Fee assessed on a case to case basis
Submit an enquiry online using the form below.
How do Caveat Loans and Second Mortgages work?
Commonly known as Caveat Loans, Short Term Loans, Second Mortgages or Bridging Loans, these loans are designed to provide a fast loan solution for businesses. The loans are secured by either a first mortgage, caveat and/or second mortgager over residential or commercial property.
Lenders will typically consider advancing 75% - 80% against residential property, and 65% - 70% against a commercial property.
If you are borrowing for business purposes, there is usually no requirement to demonstrate your income provided you have a suitable strategy in place to repay the loan at the end of the term.
Suitable exit strategies include sale of property, sale of shares or other assets, refinance, collection of business debts or any other clearly defined exist strategy.
If required interest and charges can be added (capitalised) to loan upfront so you do not have to use your own funds.
Applying for a Short Term Loan
Custom Finance can arrange Caveat Loans, Short Term Loans and Second Mortgages through a number of different Short Term Lending Specialists.
Similar to comparing Home Loan Products, we are able to source the best short term loan to suit your situation. There are a numerous short term lenders in the market day, charging a wide range of interest rates and charges. It pays to deal with an experienced finance broker who knows the short term loan market.
Submit an enquiry online using the form below.
Online Enquiry - please complete your details and click submit
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