A caveat loan is similar to a second mortgage. It’s a fast way to get money you need, using your real estate property as security. Caveat loans generally settle within 24-72 hours from a completed application and are usually structured for 1 to 4 months. The short ‘term’ of a caveat loan means that because you complete the loan within a matter of weeks or months, you don’t have the hassle of having to make ongoing loan repayments that are part of some many other loan types. Typically caveat loans are used for a variety of urgent business and investment purposes such as:
To obtain a caveat loan, security is required – the offered security can include residential real estate, commercial, retail, industrial vacant land and development sites. The opportunity for approval of a caveat loan is not solely reliant on your credit history and ability to demonstrate serviceability as so many traditional loans are. To get a caveat loan approved is primarily based on the equity available in the real estate being offered as security. Simply complete our enquiry form to the right and a loan consultant will be in contact with you shortly to approve you for a caveat loan.