Types of Private Loans Available
Short Term Loans
Self Employed Loans
Home Loan Refinancing
Lines Of Credit
Bad Credit Loans
Common Sense Lending Without The Red Tape
What Are Private Caveat Loans?
Caveat loans AKA private mortgages are specialist solicitor loans or non-bank private mortgages. These are just some of the terms that may be used to describe caveat lending within the non-bank commercial financial services industry.
What is most crucial is understanding when and where a private caveat loan or structured private mortgage may be beneficial to obtain.
Private business loans, including short-term caveat loans, 1st, and 2nd mortgages can be an extremely useful alternative for the self-employed who may need to access flexible finance options that allow property owners to access working capital by tapping into their equity within an asset such as real estate, land or property title.
Many assume that if they own a house that it is easy to obtain lending facilities such as conventional residential mortgages, commercial funding, business loans, construction loans etc from a bank.
Sadly this couldn't be further from the truth due to a variety of economic changes around the world which has placed major pressures on self-employed and PAYG salary earners within Australia that require general financial services.
This is where private lending can offer short or mid-term mortgage lending alternatives, where interim gap funding can be obtained as bridging finance allowing borrowers the financial breathing space they need until such time the banks re-enter property & business lending financial markets.
We understand there may be a variety of reasons why a borrower may choose to step outside the time-consuming red tape process that is often associated with mainstream banks.
This is where private funding may offer an advantage when all other options are limited.
Some advantages include loan amounts starting from $20K up to $10M and may be approved in as little as 24 hours. All this without the need for any tax returns or financial evidence through our Low Doc lending products, and best of all, credit ratings are not important.
Private finance products are perfect for people seeking loan products such as lines of credits, bridging loans, private mortgages or bad credit home loans, urgent cash-out advances above $20k to $10M, redraw facilities, business overdrafts, commercial development or construction loans, short term caveat loans, debt consolidation or refinancing tax debts and much more.
Call us to find out more, and don’t forget to always seek financial and legal advice before considering what’s right for you.
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!
Why Choose Us?
No Credit Checks
We don’t require a credit check to offer you a loan. So if you have bad credit, don’t stress, we can still help.
Loans From $25K - $10M
Whether you need a little or a lot, we can offer finance amounts up to $10 million for a wide range of personal or business purposes.
Because we’re not subjected to the red tape of traditional lenders, your loan can be approved in as little as four hours.
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 Know 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:
Purchase a house.
Refinance existing mortgage.
Release equity within property.
Payout overdue ATO tax debts.
Obtain revolving business overdraft line of credit.
Acquisition or purchase of real estate land or investment property .
Raise capital for the start up or expansion of new or existing business, rather than an IPO.
Other Advantages of Private Non-bank Loans
Low Doc finance where financials & tax records are not available.
Applicants with bad credit ratings are able to obtain finance without discrimination.
Private funding offers the fastest access to capital from $50k all the way to $10 million.
Business and personal loans can be approved within 24-hours when using real estate security.
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 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.
We remind anyone considering a private Business Loan to always seek independent financial or legal advice before considering what’s right for them. Our contact centre will go through a series of basic questions to understand your circumstances and help you make an informed decision.
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 & 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 & 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 & 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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