Caveat Business Loans

Caveat Business Loans

A caveat loan is a business loan secured by lodging a caveat over property you already own. Caveat loans range from $20,000 to $5,000,000, and can settle in as little as 24 hours of approval, against first or second mortgage security anywhere in Australia. No financial statements, no valuation, and no repayments for up to six months.

Choosing a Caveat lender

Caveat’s are a specialist corner of lending. These are the answers you should be seeking for a fast turn around.

• Is there a valuation? Not required in most cases.
• What is the smallest loan? Lend from $20,000 up to $5 million.
• Is there a minimum term? No minimum term and anytime, with no penalty.

Caveat’s are for business owners that own property anywhere in Australia.

Why not just refinance?

Because refinancing to release $300,000 can cost you the rate on $900,000. If your first mortgage was written when money was cheaper, or it is a fixed loan with break costs, or your current financials will not support a new full-doc application, refinancing is the expensive way to solve a contained problem. A caveat leaves the good loan alone and prices only the money you actually need.

It is also faster. A bank refinance is a three-to-eight week process with a full credit assessment. A caveat is a title search, a consent where required, and a set of documents.