SHORT TERM & CAVEAT & 2ND MORTGAGEs
SHORT TERM, CAVEAT OR SECOND MORTGAGE LOANS
Short Term finance can be used for any worthwhile purpose including purchasing inventory, funding cost overruns on a construction project, taking advantage of a quick buying opportunity. If you are unable to access other business finance options but own a piece of property that you can use as security, then short-term loans, including caveat or 2nd mortgages might be the way forward.
Up to 80% of a properties value
Rates from 12%
Establishment Fees from 2%
Terms from 60 days
Typically no valuation is required
Can be settled in as little as 3 days
Simplicity has a number of providers in this space that vary in appetite and pricing, reach out if this scenario meets your requirements. Caveat loans are short-term business finance tools that allow businesses to access the funding they need quickly. Caveat loans are to businesses what payday loans are to individuals. They offer shorter loan terms and turnaround times and have higher interest rates than the typical business loan.