2nd Mortgage/Caveat Loans
STRATEGY I SOLUTIONS I INTEGRITY
Fixed interest rate from 17%pa, 2 months to 5 year terms, up to 80% LVR, cash out, credit problems ok.
Biz 1 has a panel of Private Lenders who specialise in this market.
We understand that some people want a simple process, quick settlement and in many instances
cash released with no questions asked.
We treat all enquiries with strict confidentiality and get the loan with the minimum of fuss.
Very simple process & speedy settlements
|Purpose||Any non regulated business purpose SMSF OK|
|Loan Amount||$10,000 to $500,000|
|Interest Rates||All fixed rates
Up to 50% LVR from 17%pa
50% to 65% LVR from 18%pa
65% + LVR from 20%pa
Individual circumstances will be considered when pricing
|Term||Min 2 months
Max 5 years (rates must be pre negotiated)
|Location||Victoria other States subject to security location|
Self certified (for Low Doc)
|Cash out||Yes – no restriction|
|Credit History||Unpaid defaults & judgements acceptable|
|Fees||Valuation, Legal, Loan Management & establishment fees are applicable
Fees will vary depending upon the Security offered and Loan size
You should budget for about 2% upfront and 0.25% ongoing