Caveat loans are designed to provide very quick settlement, generally within 48-72 hours of receiving a completed application.
Typically caveat loans are used for a variety of urgent business and investment purposes including:
- Securing urgent funds to purchasing an investment or commercial property ahead of other potential bidders.
- Working capital for your business.
- Securing deposit funds and being in the negotiation hot seat towards that next development site ahead of other potential buyers.
Acceptable securities offered to secure short term funds include residential, commercial, retail, industrial vacant land and development sites. The opportunity for approval is not reliant on your credit history and ability to demonstrate serviceability. The merit of the application is based on the equity available in the real estate being offered as security.