Survive the Challenging Times with short term property loans
Sometimes there can be circumstances in your life when you need urgent finances, and in such cases, a business loan on a property can be immensely beneficial and invaluable for you. Business loans against properties get approved quickly and get disbursed rapidly. Delay in the required funding might result in deposit loss or other disturbance in the property settlement. It will result in no sale of the property within the required time. Short-term loans on property mitigate these threats with the loan settlement from HomeSec within a few days in comparison to the loan approval from the traditional banks or other financial institutions that might result in weeks or months.
What do you mean by a short-term property loan?
Short-term loans against properties get their securities from the assets and are valid for a specified short tenure due to the urgency of the borrower. Bridging and caveat loans are the perfect examples of short-period property loans. But the funding includes a higher interest rate due to the higher threat level to the lender and is more expensive than the other conventional mortgage loans. Short-term funds against property are helpful for the following scenarios.
- Capitalizing a time-sensitive opportunity for accelerating an emergency settlement
- Settling urgent funding, which will need time for approval, and settle for the less expensive version
- To manage the shortfall of funds during a settlement of a property or an asset
- Investment property purchasing
- Locking a property buying when the existing one is yet to get sold
- Non-conforming borrowers who are unfavored by the traditional banks or lending organizations
- Payment of the contractors or builders
A borrower can be any company, trust, or individual for any business or personal purpose. You should include good security for the real estate, the capability to make the repayments, and a fail-proof strategy for exiting the loan at the term-end. If you can fulfill all the above conditions, you are perfect for applying for a business loan on the property.
How to Get Help from HomeSec for the Business property loan?
HomSec is one of the leading Australian-based financial organizations. With years of expertise and experience in the industry, we come in a perfect position to offer the best business funds against assets or properties to borrowers or business owners. Our comprehensive lending network and competitive lower interest rate will offer a guarantee to get the required funding solution on time.
The loan application process of HomeSec is fast and hassle-free. Upon the loan approval, the borrower will get the full funds in their account within 1 to 2 business days in their bank account. Our professionals also offer customized repayment solutions as per their budget and circumstances.
List of Properties that HomeSec Accepts as Security
A borrower can apply for short-term property loans to Homesec if they have both or any commercial or residential assets to submit as their collateral. You can also implement the home equity that you have as an owner partially or fully to get approval for the business loan on the property. This type of shirt tenure funding is usually repaid within six months to one year from the time of dispersal, accepting a property against the loan will lessen the lender risk. In this way, you can also get the loan approved within no time at all!
Advantages of Short term Business loan against Property from HomeSec
It is now time to check out the advantages of short-term loans against property, which are as follows.
- Will soon get free from the debt compared to a long term funding
- Will pay less amount of interest in comparison to the long term funds on similar terms and conditions
- Lesser lending conditions that the long term funding from the banks
- Flexible loan conditions that the borrower can personalize as per their financial situation
How do business loans on property Work?
The borrower gets approval for the business funding against their property by providing a caveat title to the lender on the asset. This title will prevent the borrower from selling the property and will reduce the threat of the lender. The borrower has to register the caveat in the office of the land title in the Territory and state where the asset is present. The caveat will be released once the borrower repay the entire loan amount and can again back his ownership.
So contact any one of our professionals today to discuss your requirement for a short-term property loan and explore how HomeSec can assist you in the process!
Finance for Property Purchases
Been let down at the last minute by your bank, or you have a shortfall in funding? It’s great to know there is a finance company out there who can fund you either on the same day. or within 24 hours. This means you can still settle on your property purchase on time, and NOT….
- Go into rescission
- Lose your deposit
- Be hit with fees and penalties
- Damage to your reputation
If you apply before 9am, we can actually be ready to fund you that same afternoon. How fast is that!!!
All you need to do is Apply Online, and supply…
- A scanned copy of the Contract of Sale
- The finance contract that has been delayed or cancelled
- Photo ID for each person going on title
- A scanned copy of a Trust Deed (only if being purchased in a Trust)
We can have you approved within 2 business hours, and can fund you in 24 hours. It is literally that fast and that simple.
What is Required?
Very Little! As our Bridging Loans are purely for business or commercial investment purposes, your purchase needs to be one of the following…
A Commercial Property being purchased in EITHER a personal OR Company name
A Residential Property being purchased in a Company Name
Unfortunately, laws prohibit us from funding you if you are buying a residental property in your own name.
However if you have taken all the necessary safeguards for asset protection, and bought your residential investment property in a Company Name (or a Trust with a Company as Trustee), or if it is a Commercial Property, we can fund you RIGHT AWAY.
HOW MUCH CAN WE LEND
Max LVR: 75% of the purchase Price (including costs). If you need more than 75% and you have equity in other real estate, WE CAN STILL FUND YOU
You can take the bridging loan for a minimum of just 1 month, or up to 6 months.
We can tailor it to your needs.
Then as soon as your long term finance is in place, they simply pay our bridging loan out, and they become the 1st Mortgagee and we are done and dusted and gone.
Urgent Finance For Property Purchases
Need to Borrow the Deposit, or you need Funds to Complete a purchase? HomeSec can help in just 24 hours, with our Business Bridging Loans.
No more running the risk of losing land for a major development, just because the bank can’t deliver. No more feeling embarrassment because for whatever reason, you just don’t have the funds.
Thankfully, we are here to help. If we can secure our loan against real estate, and keep the LVR under 75%, we will fund you in 24 hours. Plus we don’t need to see financials, and credit history is irrelevant.
Real Estate Agents & Mortgage Brokers across Australia and New Zealand are also becoming aware of HomeSec Business Bridging Loans, and are actively telling their clients about them.
This is a smart move, because nothing breaks a Real Estate Agent or Brokers heart more than a hard fought sale falling over because of issues with finance.
Sadly, the reality is, it happens every day. So the smart real estate agents and brokers have partnered with HomeSec so they can have all the information to pass on to their clients, should the need arise.
This means their client can even Apply Online on the spot