Common Sense Lending,
Without The Red Tape
Types of Private Loans Available
Private Mortgages
Short Term Loans
Caveat Loans
Business Loans
Overdrafts
Bridging Loans
Self Employed Loans
Debt Consolidation
Home Loan Refinancing
Lines Of Credit
Bad Credit Loans
Construction Loans
What Are Private Caveat Loans?
Caveat loans are a type of private finance or mortgage lending product that can often be referred to by different terminologies depending on who you speak with.
Some of these terms might include solicitor loans, non-bank loans, private 2nd mortgages, mezzanine loans to name just a few.
But regardless of what jargon is used to describe the term "caveat loans"... will in some way still be related to a private finance product outside mainstream banks.
Our private lending facilities provide legitimate and viable access to structured capital for asset-backed borrowers that require commercial loan amounts anywhere from $50K up to $100M.
Private caveat loans do not require tax returns or financial records, and there is no proof of income needed, best of all a borrower's credit rating is irrelevant.
This can be a very user-friendly option for the self-employed business person who's been extremely busy and hasn't had a chance to complete their end-of-year financials both personal or company for a variety of legitimate reasons.
Private business loans, including short-term caveat loans, 1st, and 2nd mortgages can be an extremely useful lending alternative when paired with a sensible exit strategy, or at least until a borrower's circumstances have come back into shape.
Private Caveat Lending allows a borrower legitimate access to rapid capital by leveraging the equity within an existing property located in Australia for a variety of viable alternatives including lines of credit, bridging loans, home loans, private residential or commercial mortgages and refinancing. Funds can also be used as an instant cash-out facility in circumstances of urgency.
caveat loans can bankroll developments and construction sites, as a short-term business overdraft funding to consolidate business tax debts, and to purchase stock in the interim of the waiting for debtors to pay or while refinancing a mortgage.
With the use of our 2nd registered mortgage caveat loans, funding can be approved within 24 - hours and deployed quickly as a line of credit to provide business capital when time is of the essence.
Another advantageous benefit of a 2nd R.M. caveat loan is that it does not even require the borrower to pay out or discharge their existing 1st mortgage or home loan.
Private caveat loans sit comfortably behind a borrower's current bank as 2nd priority, meaning they can be settled fast.
Why Are Private Caveat Loans So Popular?
In recent times, private caveat loans or specialist private mortgages have helped many Australian borrowers to get themselves out of a pickle in meeting their financial deadlines.
It is no secret that private caveat mortgage loans offer far greater flexibility with the approval process of private caveat loans in comparison to bank loans.
Instead of several people within a bank needing to sign off on an approval, private lending only needs to be signed off by 1 person in most instances.
Private caveat lending simply means that instead of the funding coming from a bank, it comes from a private non-bank. What difference does this make for a borrower? Not much at all.
Caveat finance isn’t just easy to get approved, but the entire approval & settlement process is unmatched in terms of those that may find themselves in time-sensitive predicaments.
The major point all borrowers must consider is their intended exit strategy. So long as they have obtained financial & legal advice and collectively decided on a responsible exit strategy, private lending can prove to be a sensible & viable alternative for those with limited options.
Private caveat loans are secured quickly fast via (PEXA Online) by the private lender's solicitors either via a caveat or a registered mortgage over the property title.
A caveat is a legal instrument that sits behind an existing first mortgage (if applicable) and doesn’t require permission from the institution that holds a mortgage over the property.
Where a first or second-ranking mortgage may be registered over the property title subject to the acceptance of the credit provider.
However, the type of legal instrument used will vary and is subject to the borrower's lender's acceptance.
Private caveat finance allows all real estate property owners to convert their tangible equity to be used for numerous instant purposes without the stressful prerequisites often insisted by a bank.
A great advantage with private 2nd mortgages is the borrower isn’t even required to refinance or pay out their existing home loan or mortgage facility if they choose, so the process is very borrower friendly.
What Are Private Mortgages?
Specialist Private Lending is specifically designed to offer greater flexibility around approval compared to the banks, and a faster turnaround time in instances where a borrower is time-poor.
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.
A Private Loan is secured quickly and simply by the private lender registering a caveat on the property owner’s title. The caveat is a legal instrument that sits behind an existing first mortgage (if applicable) and doesn’t require permission from the institution that holds a mortgage over the property. An alternate legal instrument can be used, such as a first or second-ranking mortgage. The legal instrument depends on the borrower's scenario and purpose.
Private Finance allows real estate property owners the ability to convert their equity for immediate use without any stressful questions or prerequisites from a bank. The borrower is not required to refinance or pay out their existing home loan or mortgage facility so the process is very efficient.
How Can Private Caveat Finance Help Me?
There are many reasons why borrowers turn to non-bank private finance as a source of funds. One of the standout reasons is the ever-changing landscape of the banking and finance industry — which subsequently impacts the self-employed in a big way.
From a commercial perspective, there are valid reasons why the banks have tightened their lending criteria. However, this red tape leaves everyday Australians and small businesses between a rock and a hard place.
We’re here to support the backbone of our economy; Australian businesses.
Our financial services team receive hundreds of calls from self-employed business owners every day with all kinds of heartfelt stories advising us of the challenges they are now facing. The simple truth is, for many, it’s a matter of survival — staying liquid is paramount to continue putting food on the table for their staff and families while trying to trade out of these difficult times. And that’s where we fit in!
KEY POINTS
NO PROOF OF INCOME
No tax returns No financials No bank statements, it’s that simple. Our private finance options are known as low-doc loans. This can be extremely handy if you are self-employed, In fact, anyone who isn’t up to date with their tax records can take advantage of a Low Doc Loan. Lo Doc lending means you don’t need to provide any financials allowing you to get the money you need fast.
NO CREDIT CHECKS
Even if you have the worst credit rating in Australia, don’t worry.
We don’t discriminate if a person has a bad credit rating.
So long as you have equity in real estate,
Or you can provide a guarantor that has a financial interest to guarantee the loan, we will do the rest to get you approved.
SUPER FAST APPROVAL
Our private lending options are far more flexible compared to traditional banks.
There are no obstacles, and no delays, allowing us to approve your application within 24 hours.
We have designed our finance lending to have no red tape so that you can get on with your financial objectives.
Why Do Borrowers Use Caveat Loans Australia?
We are an ethical private finance service provider that has been helping borrowers for 25 years who have been unable to access regular bank loans.
With a strong belief in good old-fashioned loyalty, trust and honesty, we strive to achieve real results for real people. We provide a second-to-none level of service & support in the interests of our client’s best financial objectives — no matter what the circumstances.
Our consultants treat each client the same way they would their own family or close friends. Building a close relationship allows for an unmatched customer experience and solid partnership for the future of your business — we believe that regardless of commercial objectives, people should be able to trust those they deal with on a day to day basis.
We commit to each of our clients and take the time to listen and learn about them on a personal and financial level. By taking the time to understand each individual’s lending requirement, we can tailor a suitable finance solution for your consideration.
How To Find Out If A Private Caveat Loan Can Help Me?
Every individual’s reason for seeking a Private Loan can be quite unique, so it is important to speak with one of our lending consultants, who will provide general advice by identifying potential opportunities for your consideration.
As a general consensus, identifying the most appropriate finance product will depend on many factors, such as the purpose of the loan, how much equity is built up in the security property value, as well as the council zoning of the security property being considered for purchase or refinancing.
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 of new or existing business, rather than an IPO.
Advantages of Private Caveat Business Loans & Mortgages
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Low Doc finance where financials & tax records are not available.
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Applicants with bad credit ratings are able to obtain finance without discrimination.
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Private funding offers the fastest access to capital from $50k all the way to $10 million.
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Business and personal loans can be approved within 24-hours when using real estate security.
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If you're able to provide us with a current letter of offer from a comparable finance lender, we will beat the interest rate & fees to prove that our rates are the cheapest on the market. That's our promise.
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. Our consultants are happy to go through a series of basic questions and answers that may offer you some general information that can be taken back to your legal advisor for consideration.
Frequently Asked Questions
How are private loans structured?
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 and construction finance, mezzanine finance, short term loans, mortgage refinancing, or debt consolidation. And best of all, there is no need for any tax returns, financials or credit checks.
Private finance, if structured correctly, can often be a lifesaving strategy for Australians 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?
Private Mortgages, Solicitor Loans, Short-term Caveat Loans or Solicitor Funds are all terms used interchangeably with Caveat Loans. Caveat Loans are provided by private lenders who aren’t bound by the harsh credit criteria that traditional lenders are subject to.
What real estate can I use as security for a Caveat Loan?
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.
If you're in a critical situation, we urge you to contact our office to apply for a caveat loan as quickly as possible so we can work on organising your approval for the caveat loan application. The process is fast and hassle-free. Specialist lending has been 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 able to provide the best possible platform for our clients to trade through these economic and turbulent times.
How soon can I get a fast caveat loan?
Approvals for fast caveat loans in Australia can be issued within four hours and can be applied for in the name of either a sole trader, company or family trust unit by providing a few basic details, with the subsequent settlement possible within 24 hours. Caveat Loans settle faster than traditional types of loans.
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