Here at Lightspeed we offer short term Caveat loans in Melbourne, and Australia wide. They are typically arranged between an investor/ funder and a borrower in the form of a legal arrangement called a mortgage.
When it comes to this financial solution, the agreement outlines that the amount borrowed is secured against their real property and secured in the caveat the lender is assigned to the caveat to secure the caveat loan.
Caveat Loans for personal, business & property development
Caveat loans are most commonly used for a myriad of purposes. and can also be used by established businesses who want to raise finance without involving a commercial bank.
Because caveat loans are secured against the borrower’s equity, they typically carry a higher interest rates than borrowed from commercial banks.
Short term caveat loans have been used in Australia to fund business start-ups, investments in property development, hotel/motel developments, restaurant developments, and many other types of businesses over the last ten years. Caveat loans can be used to refinance existing mortgages; caveat lenders will often offer reduced interest rates for refinancing.
Finally, this option is considered a shorter-term solution and lenders typically allow for 3-6 & 12-month terms.
To get started with your Caveat Loans in Australia, Message us!