Common Sense Lending,
Without The Red Tape
No Repayments For 12 Months
Caveat Loans Australia does not require the borrower to make any interest repayments for a whole 12 months. That's Right, No Repayments for 1 year. This allows you to kick your feet up and relax providing the financial relief and breathing space you need to get on with the most important parts of life.
No Stressful Questions
Private Caveat Loans do not require any unrealistic information such as financials, tax records or proof of income. So long as you have equity in real estate that can be offered as security, private loans can be approved over the phone in as little as 5 minutes.
Super-Quick Settlement
These loans can be useful for a variety of borrowers that may need working capital in a hurry, be it to purchase property investments, or any productive purpose without having to jump through the usual hoops associated with a bank.
No Monthly Repayments
Private loans do not require the borrower to make repayments for the life of the loan, which takes pressure off an individual's business cash flow.
Faster Than A Bank
Private loans are a much faster option in comparison to a bank and, in many instances are an effective option to obtain cash out, especially when an individual is up against the clock.
To find out more call 1300 364 659 or send us an online message for a fast reply.
Private Mortgages
Short Term Loans
Caveat Loans
Business Loans
Bridging Loans
ATO Tax Debts
Debt Consolidation
Loans From $50K to $10M
No Proof of Income Needed
No Tax Returns No Financials
Self Employed Welcome
Approved Over The Phone In 5 Mins
What Is A Caveat Loan?
Caveat loans are a specialised form of short-term finance where loans are secured by placing a caveat, or legal notice on a real-estate property title, pursuant to a second/2nd mortgage.
These types of loans are particularly beneficial for those needing quick access to capital, often within 24 to 48 hours without the rigid approval process that can be associated with traditional banks.
A primary advantage of caveat loans lies in their speed and simplicity. Caveats are unmatched in comparison to banks making them an attractive option for property owners or investors who are in time-poor situations and need to attend to critical financial deadlines.
The term "caveat" serves as a reminder and caution that there may be a prior financial or legal dealing on the title within the lands & titles office.
Caveat lending terms & conditions are extremely different when compared to a traditional bank loan by virtue that loan terms vary anything from 3, 6, or 12 months at a time. (The option to extend is available)
The caveat lending advantage is that it provides rapid access to capital and equity that both individuals and the self-employed company borrower the ability to access equity within property freeing up funds that can be deployed into a variety of productive purposes.
Instead of a lender asking questions about your personal income or your self-employed financials & tax returns, lending is assessed predominantly on the value of the real estate or property being offered as caveat security or 2nd mortgage, rather than requesting any financials or proof of income.
Some examples could be that a borrower is waiting on funds from sources such as a will, family law settlement, separation & divorce proceeds, compensation payout, business or shares dividends, even the sale or refinance of a residential or commercial property.
Caveat loans are approved on a No Doc Asset Lend basis and primarily based on the value of the borrower's real estate value as collateral guarantee.
Additionally, loan repayments can be capitalised to cover monthly instalments. This means that a borrower's business cashflow isn't impacted over the duration of the loan.
Acceptable securities for caveat loans include but are not limited to residential houses, flats, units, and apartments, or commercial properties such as shop fronts, industrial factories or even rural and vacant land located in acceptable Australian states and territories across such as NSW, ACT, QLD, VIC, S.A. TAS. W.A. N.T.
Caveat loans should always be used with a responsible exit strategy, as such we always recommend borrowers obtain financial & legal advice before considering what’s best for them.
Are Private Caveat Loans Popular?
Yes. Private mortgages are an extremely popular finance lending alternative as a result of major banks and finance lenders tightening their credit lending guidelines in recent times.
Caveat loans or private 2nd mortgages are popular for real estate owners who need a no-fuss approval process that allows quick access to funds which can be used by property investors without restrictions.
Private lending provides funding to a broad demographic of borrowers that require specialist lending. It is beneficial to both high net-worth property developers, as well as smaller property investors who may have been rejected by the banks and need a flexible finance solution.
Private loans can also be used by individuals who may wish to purchase further real-estate investments or to grow their current property portfolio, who have been turned away by the banks, and need to quickly access their existing equity in the form of immediate cash to pay for costs such as deposits and stamp duty. They can also be used to provide business cash flow, in order to pay trades people and renovation costs, whilst they are waiting for money coming in from one of their properties being sold.
Caveat loans may be useful in other instances where the access of a property owner's real-estate equity is locked up in bricks and mortar and they find themselves in a time-poor situation where they need financial coverage in the interim of a vast array of circumstances. Because funding can be arranged super-fast in comparison to traditional lenders, caveat funding can be an attractive finance alternative.
Areas where caveat loan funding may be utilised are businesses needing rapid capital for unexpected expenses, business expansion or even a profitable commercial opportunity. Even the start-up of a new business, to pay for stock and inventory, creditors and/or ATO tax debts. We can tailor a loan to suit a variety of circumstances.
We understand the landscape that SME business owners operate in each day. We are well aware that some may not have their financials in order yet, which is another roadblock with mainstream lenders, and that's totally fine. We have a variety of No Doc loans that can be tailored to suit all individual needs of our borrowers.
Private loans are flexible because you can apply for loan amounts starting from $50K, or larger commercial amounts up to $ 50 million. Higher amounts available (subject to Val).
The popularity of caveat loans and private 2nd mortgages is very broad and is used by many professional business owners, who want to leverage their existing property portfolio for numerous commercial projects, without the need to provide serviceability or proof of income.
Short term private mortgages and caveat loans can be used for a broad spectrum of purposes not listed on this website. If you have an alternative scenario that needs funding, speak with one of our consultants today.
What are some examples where a caveat loan may be helpful
Some areas where private caveat loans may be advantageous is in time poor emergency scenarios where the access to immediate capital is required as cash out to meet urgent deadlines for those requiring loan amounts from $50K up to $50M, without having to provide proof of income or the need to jump through a thousand hoops to be approved. Getting approved is super easy.
Banks can take weeks to get approved which drags settlement out for months. Caveat Loans Australia however can provide fast sensible finance that can be approved in under 24 hours making it an extremely viable option for those who are up against the clock and need a flexible alternative that will allow them to access their property's built-up equity.
Caveat Loans can be tailored to suit anyone's needs for short term lending periods, by allowing real estate owners to tap into their real-estates property equity.
This simplifies business owners’ financial affairs by eliminating the need to juggle numerous repayments at once by combining business loans, credit cards or any other miscellaneous creditors into one predictable monthly repayment, further reducing financial losses by reducing higher rates into one affordable blended interest rate.
Dealing with banks can also be extremely difficult as they are well known to take so long to approve and settle a borrowers loan, which places more stress on a self-employed borrowers business. With the use of private caveat loans, funding can be approved at a fraction of the time allowing the applicant to get back on track sooner.
What Is A 2nd Mortgage
A second mortgage is a charge or lien on a property that can be registered over a property's title where a property owner has an existing 1st mortgage.
A borrower may choose to obtain additional funding via a 2nd mortgage without the need to discharge their 1st mortgage. Eliminating a lot of stress involved in re-financing.
Loan terms typically run for periods of 6 to 12 months allowing the equity within the owner's property to be leveraged for just about any worthwhile purpose.
The downside is because a 2nd mortgage is riskier for the lender, interest rates are slightly higher when compared to a bank's 1st mortgage. However, if used responsibly over a short period of time, can be a viable alternative when time is of the essence as part of a sensible exit strategy.
In fact, the smart end of town already knows that accessing rapid cash funding to assist with the start-up or expansion of a business can be the difference between keeping their doors open or closing them.
There is no doubt that caveat loans have their place within financial services and have a distinct advantage for borrowers seeking to purchase, refinance or obtain capital.
We welcome you to partner with Caveat Loans Australia, we will always find a way.
ADVANTAGES
NO REPAYMENTS OVER THE LIFE OF THE LOAN
Our loans do not require you to make any repayments over the life of the loan. This frees up more of your own cashflow, allowing you to do more with your money.
FUNDING AVAILABLE FOR BUSINESS OR PERSONAL USE
Some private lenders only provide loans to business owners for commercial use. We have select funding options to property owners that can be used for personal use subject to an acceptable exit strategy.
LOAN TO VALUE RATIOS UP TO 80% LVR
LVR's can vary depending on the property type. Most lenders tend to max out at 65%. However we can lend up to 80% LVR on a high quality security subject to location & credit assessment.
Why Caveat Loans Australia?
We are an ethical private finance service provider that have been helping borrowers for 25 years. With belief in good old-fashioned trust and honesty we strive to obtain the approval our clients require by providing second-to-none customer support in their best interests.
Our consultants treat each client the same way they would their own family and friends using the highest level of integrity for our valued clients allowing us to build a prosperous financial partnership that lasts a lifetime.
When speaking with our business managers you will notice that while we are a friendly bunch, we also take the time to listen and learn about our your story allowing us to offer the most suitable finance option.
Who Can Benefit From A Private Caveat Loan?
The reason an individual may consider seeking a private caveat loan or 2nd mortgage may vary.
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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Payout overdue ATO tax debts.
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Business overdraft line of credit.
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Release equity within an existing property.
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Purchase of real estate land or investment property.
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To start-up or expand a business.
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To raise working capital that can be used for business cash-flow or a variety of other commercial purposes.
How Long Does It Take Before I Get The Funds?
The entire process itself is extremely fast in general because our loans are approved and assessed on a No Doc basis. When compared to a full document bank loan, the approval criteria is not as rigid.
Our pledge to you; if you receive an offer that is more competative than ours from an alternative and can provide us with this letter of offer, we will beat it, no questions asked.
With the bank's recent tightening of their credit lending policies, so many restrictions have been placed on all forms of consumer & business financial services, making it virtually impossible for a genuine borrower to obtain any type of funding or loans.
However, as part of a sensible financial plan, along with a realistic exit strategy, private business loans, private residential mortgages, private commercial finance, or the use of a short-term caveat loan, may provide a viable alternative when you're up against the clock.
As a duty of care, we remind anyone considering lodging an application for a private business loan to seek independent financial & legal advice before considering what's right for you.
Frequently Asked Questions
What are your interest rates?
We offer an obligation free conditional approval which can be obtained over the phone within 5 mins which we can provide you with indicative rates and charges for your consideration as each applicants circumstances are different.
What loan terms are available?
Loan terms can be tailored between 3 to 12 months or longer if required.
What types of real estate can I use as security?
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 and apartments are acceptable, along with commercial dwellings such as shopfronts, industrial units, service stations, rural farms, vacant land, and income-producing properties.
Is it hard to get a short-term Caveat Loan if I’m self-employed?
Caveat Loans are made for the self-employed! Our team understands the self-employed lending landscape more than the average bank manager, so you can be sure that if we cannot provide you with funding, then it’s most likely that no one else can.
Who can apply for a private loan?
There are different types of borrowers that may acquire funding such as individuals, companies or trust structures. Funds can be used for personal or business use as part of a responsible exit strategy.
What is a bridging loan?
A bridging loan acts as a short-term facility that is designed to provide interim funding in-between a transition period from one financial institution to another, specifically when there may be a temporary shortfall of money between a sale of an existing property and the purchase of a new property.
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