Short Term Finance
What is Short Term Finance?
Short Term Finance is defined as privately sourced funds from high net worth individuals or companies that is loaned out to borrowers on a short term basis to fulfil their investment requirements.
Who requires Short Term Finance?
Borrowers of short term funds through private mortgages are typically property investors, property developers and business owners.
These borrowers:
- Are cash poor but asset rich.
- Have an excellent investment or development opportunity that requires urgent funds settlement.
- Have an urgent cash flow injection requirement.
- Rely on fast settlement that major banks are unable to achieve.
- Appreciate that short term funding is a more expensive option than traditional funding but one where the benefits far outweigh the higher cost of borrowing.
What types of securities are acceptable?
ShortTermFunds focuses on a wide range of quality securities including:
- Residential
- Commercial
- Industrial and Vacant land.
Short Term Finance Parameters:
- Borrower must have security
- Borrower purpose for the loan must be for business or investment purposes only.
- Borrower must be able to demonstrate a clear and realistic exit strategy to repay the loan. (Eg refinancing or sale of an existing property.)
- Borrower must be able to demonstrate some financial benefit to all applicants or guarantors.
Contact us today on 1300 911 669 to discuss your scenario or simply complete the express enquiry form and we will contact you shortly.
