PRIVATE MORTGAGES
SHORT TERM LOANS
CAVEAT LOANS
BUSINESS LOANS
OVERDRAFTS
BRIDGING LOANS
NO FINANCIALS
NO CREDIT CHECKS
NO TAX RETURNS
BAD CREDIT LOANS
SELF EMPLOYED LOANS
DEBT CONSOLIDATION
LOANS FROM $25K UP TO $10M
HOME LOAN REFINANCING
LINES OF CREDIT
BAD CREDIT MORTGAGES
CONSTRUCTION LOANS
FUNDING AVAILABLE AUSTRALIA WIDE
24 HOUR TURN AROUND
CONVERT YOUR HOME EQUITY INTO CASH
PRIVATE CAVEAT LOAN'S EXPLAINED
Caveat loans and private mortgages, often referred to as solicitors or non-bank private lenders are terms used to describe the specialist non-bank finance lending industry. Private caveat loans or private mortgage lenders allow the self-employed Australian borrower to leverage their real-estate equity in circumstances where conventional banks or mainstream finance lenders decline to provide finance & credit facilities.
The advantage when opting to use private lenders' finance is that loan amounts between $20K up to $10M can be approved in as little as 24-hours without the red tape and time-consuming process that can often be associated when dealing with mainstream bank finance lenders.
In light of the implications as a result of the (COVID-19) coronavirus pandemic, obtaining any sort of funding for the self-employed in recent times has become difficult if not the impossible task for the small to medium enterprise to obtain most forms of bank loans.
The strain that the coronavirus has placed on the Australian economy is beyond what many have experienced before and has hit the self-employed borrower particularly hard both from a financial and an emotional point of view.
Currently even the most sensible borrowers with the best credit rating are being refused bank finance, which is not isolated to 1 bank, but the majority of the conventional lending fraternity. This is further causing financial and emotional trauma on everyday PAYG borrowers, including the self-employed.
Our finance consultants understand that there are a variety of reasons why a business owner or individual may need access to their real-estate equity. The good news is that our specialist staff are experts in providing assistance with short to long-term private caveat loans.
We understand the restraints when dealing with general banks, and are passionate about helping the self-employed overcome the difficult process with mainstream lending institutions.
Often we find the case where clients may be in the classic case where the borrower is asset-rich in real-estate property but finds themselves cash poor for a vast array of uncontrollable scenarios be it the downturn in business due to COVID-19. The good news is that there are many viable finance alternatives & lending solutions.
Our firm offers many forms of specialist non-bank private financial services that can be either structured as lines of credit, bridging loans, home loans, private mortgages, equity access facilities, urgent cash-out or redraw facilities, overdrafts, commercial mortgages, development & construction finance, mezzanine finance, short term loans, mortgage refinancing, debt consolidation, tax debts, and best of all, there is no need for any tax returns or financials, and importantly your credit rating is irrelevant.
Private finance if structured correctly, can often be a lifesaving strategy for the self-employed among others who may require access to flexible business capital and cash flow finance. So long as you have real estate that can be used as security there are a vast array of commercial lending options that can provide immediate financial relief.
WHAT IS A CAVEAT LOAN OR PRIVATE MORTGAGE?
Specialist private lending simply refers to where the source of funding comes from. With conventional mortgage lending, funds often come from a major bank, whereas non-bank lending comes from sophisticated private investors or an investment firm such as a superannuation fund etc.
Securing these types of loans can be done in a variety of ways from a simple caveat being lodged on the property owner's title. This sits behind an existing first mortgage (if applicable), or an alternate legal instrument can be used, such as a first or second-ranking mortgage depending on the borrower's scenario and purpose.
Specialist private lending is specifically designed to offer greater flexibility around approval when compared to the banks, as well as a faster turnaround time in instances where a borrower is time-poor.
Private money allows real-estate property owners the ability to convert their real-estate equity for immediate use without any stressful questions or prerequisites. Another advantage with non-bank finance is that it does not require the borrower to refinance or payout their existing home loan or mortgage facility. This is possible via the use of a 2nd mortgage which sits behind any existing bank loan required on the title.
Furthermore, non-bank finance is far more flexible in terms of what can be used as real-estate security in comparison to a bank. Security types such as residential houses, flats, units & apartments are acceptable, along with commercial dwellings such as shopfronts, industrial units, service stations, rural farms, vacant land, and income-producing properties.
HOW CAN PRIVATE CAVEAT FINANCE HELP ME?
There are many reasons why borrowers are turning to non-bank private finance as a source of finance, one of which may be due to the recent economic changes as a result of the coronavirus which has changed the landscape of the banking and finance industry, subsequently impacting the self-employed in a big way.
The impact is so tremendous, it's not only limited to financial difficulties, but also emotional trauma as well. And while on a commercial perspective we understand the valid reasons the banks have tightened their lending criteria, there still remains the critical issue of where the hell does that leave the everyday Australian like you and I.
Our financial services team receive hundreds of calls from self-employed business owners everyday with all kinds of heart felt stories advising us of the challenges that they are now facing. The simple truth is that at the moment, not all, but for some it’s a matter of survival, and staying liquid is paramount in order to continue putting food on the table for their staff and families, as well as themselves and hopefully trade out of these difficult times.
We have been working with the self-employed borrower of all kinds longer than we care to remember and pardon the pun, but as the old saying goes, we have forgotten what most know. Our team understands the self-employed lending landscape more than the average bank manager, and you can be sure that if we cannot provide you with the funding, then its most likely that no one else can.
For this purpose, if you're in a critical situation, we urge you to contact our office as quickly as possible so we can commence on organising your approval as quickly as possible. The process is fast & hassle-free. Specialist lending is all we do all day every day and is at the core of who we are for the last 25 years. We understand that by keeping businesses commercially liquid during times of distress, we are going to be able to provide the best possible platform for our clients to trade through these economic and turbulent times.
Approvals can be issued within 4 hours and can be applied for in the name of either an individual sole-trader, company, or family trust unit by providing a few basic details, with the subsequent settlement possible within 24-hours or next business day of signing of all documents.
WHY DO BORROWERS USE CAVEAT LOANS AUSTRALIA?
We are an ethical private finance service provider that has been there for borrowers who have been unable to access regular bank loans for more than 25 years. We believe in good old-fashioned loyalty, trust and honesty. We strive to achieve real results for real people and provide a second to none level of service & support in interests of our client’s best financial objectives no matter what the circumstances.
We pride ourselves on the fact that all our consultants treat our clients the same way they would their own family or close friends and will know you by your first name, building a close relationship, rather than just a number in the queue.
All clients are treated with the same high values that we would use toward our own families, and whilst this has nothing to do with the commercial objectives at hand, we genuinely believe that in life, mankind should be able to trust the people that one deals with on a day to day basis, regardless the circumstances.
In summary, although lending protocols may have changed in recent times, we still no-matter what, take the time to listen and learn about our client on a personal and financial level, in order to understand each individual lending requirements so we can apply a suitable finance option for your consideration.
When speaking with our lending managers, please feel free to be open and transparent, as there is no tricky legal jargon, just plain and simple English that all walks of life can understand.
HOW TO KNOW IF A PRIVATE CAVEAT LOAN CAN HELP ME?
Knowing what type of a private loan can be rather complex without the assistance of an experienced business lending consultant. And because every individual’s reason for seeking a private loan can be quite unique, it is important that the applicant speak with one of our lending consultants who will provide general advice by identifying potential opportunities for the borrower’s consideration.
As a general consensus the type of finance product can depend on many factors such as the purpose of the loan, how much built up equity is in any given residential or commercial property being offered as real-estate security, as well as what the council zoning of the security property that is being considered for purchase or refinancing.
With banks in recent times taking such a tough stance with all forms of residential and commercial finance & mortgage lending, obtaining a private caveat loan as a financial service can be very beneficial if done so in a sensible manner.
In saying this, we remind any individual considering applying for a private business loan to always obtain independent financial and legal advice before considering what’s right for them. Once the decision has been made, our contact centre is open for any in-depth questions you may have, where one of our business banking representatives will go through a series of basic questions to understand your overall picture, so to determine what best applies to you.
Questions such as how much cash do you require, what type of real-estate security are you offering, what loan term do would you prefer e.g. 3, 6, 12, or 24 months would you prefer, and do you need a revolving line of credit for long term use. Once these details have been established, our consultant will be able to send you a letter of offer for your consideration.
We have successfully funded many clients that required simple, fast, and no-nonsense finance assistance in many instances where mainstream banks were unable to assist.
Here are some instances where private lending may offer financial relief:
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Purchase a house
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Construction finance
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Property development
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Refinance existing mortgage
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Release equity within property
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Payout overdue ATO tax debts
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Obtain revolving business overdraft line of credit
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Acquisition or purchase of real-estate land or investment property
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Raise capital for the start up or expansion new or existing business, rather than an IPO
Other advantages of private non-bank loans can be but not limited to:
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Low Doc finance is available where financials & tax records are not available
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Bad credit ratings are irrelevant and still able to obtain finance without discrimination
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Private funding offers the fastest access to capital from $50k all the way to $300million
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Business and personal loans can be approved within 24-hours when using real-estate security
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If your able to provide us with a current letter of offer from a comparable finance lender, we will better the interest rate & fees to prove that our rates are the cheapest on the market. That's our promise.
To find out more contact us 7 days a week by calling 1300 364 659 or email us via our contact link below. We will always find a way.
APPROVAL PROCESS
Step 1. Submit Application
Step 2. Approved
Step 3. Loan Settled
WHAT YOU NEED TO GET APPROVED
Complete our quick application form.
Council rates notice for the security property.
Recent mortgage statement. (if applicable)
100 points identification for all applicants.
That's your part done...
As a duty of care we request that all applicants seek independent legal advice before considering what's right for them.
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