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First mortgage loans are an option for borrowers that can offer unencumbered property (whether that be existing unencumbered property, or, property where our client refinances the existing mortgagees or caveat holders) as security for a loan, or where there is surplus equity in a property. They have a number of advantages, including:
| Offering | Interest Rate | Amounts |
|---|---|---|
| First Mortgage loan to Company Borrower | From 9.99% per annum | $25,000 – $3,500,000 |
* Please note that loans for investment purposes (not business), for example, trading the stock market, investing / purchasing an interest in existing businesses / companies, further on-lending opportunities that may be available to you, will be considered and priced upon application.
A second mortgage is a loan secured by a property that is already mortgaged to another credit provider (typically a bank). Second mortgage business loans from a private lender have a number of advantages, such as:
| Offering | Interest Rate | Amounts |
|---|---|---|
| Second Mortgage loan to Company Borrower | From 14.49% per annum | $50,000 – $10,000,000 |
* Please note that loans for investment purposes (not business), for example, trading the stock market, investing / purchasing an interest in existing businesses / companies, further on-lending opportunities that may be available to you, will be considered and priced upon application.
In essence, a caveat loan is a fast, short term business loan – an effective way to fund short term business loans when time is a constraint. As a caveat loan is a secured form of business lending, costs are generally lower than unsecured loan products as there is less risk to the lender. Caveat loans can be settled within 24 hours, and many of our panel lender clients will be prepared to fund a loan based on the registration of a caveat. However, lenders may seek to register a second mortgage over the property within the term of the loan.
However, post funding, lenders may seek to replace their caveat with a registered mortgage over the property although this will not happen in every case, and will certainly not delay funding in any way.
| Offering | Interest Rate (p.a) | Loan Term | Amounts |
|---|---|---|---|
| Caveat Loan to Company Borrower | From 14.95% | 1 months – 1 year | $25,000 – $200,000 |
| Caveat Loan to ABN or NZBN Holder | From 16.95% | 1 months – 1 year | $25,000 – $200,000 |
* Please note that loans for investment purposes (not business), for example, trading the stock market, investing / purchasing an interest in existing businesses / companies, further on-lending opportunities that may be available to you, will be considered and priced upon application.
