Private 1st and 2nd Mortgages for your business
Private 1st and 2nd Mortgages offer our clients borrowing power, more so than they would get with financial institutions like banks.
1st and 2nd Mortgages refer to the position of a lender when they would apply a caveat to the property. For example, if there is no pre-existing caveat on the property, a lender will become a 1st mortgagor. Or, if there is already an existing caveat on a property (a home loan for example) then the lender in this instance would become a second mortgagee.
The benefits of working with lenders through LoansOne that can do private 1st and 2nd mortgages is that the client gets increased borrowing capacity (in most cases up to 75% of the net property value) and funds can be in the clients account within 24 hours.
Private 1st and 2nd Mortgages are a type of secured business loan similar to the others that we can offer that allow increased loan amounts due to real estate being used as security. In this case, 1st and 2nd mortgages are used to refer more to the position of the caveat on a property.
The following are just some of the things you can expect:
- No cost on application
- Nationwide funding
- Loans from $ 20,000 to $5,000,000
- Loan Terms of 1 to 6 months
- Easy online application that takes just a few minutes to complete
- Same-day approval by our business loan experts
- Get funded within just 24 hours
- Consolidate your debts in just 24 hours
With a secured business loan from LoansOne, the possibilities are endless!
Take Control of Your Entrepreneurial Aspirations with a LoansOne Secured Business Loan
LoansOne is your reliable partner for quick and easy financing for your business in Australia. With a variety of lenders on our panel, we are able to pair you with the right solution.
When you apply for a loan today, our team of experts will get straight to work and will do their best to get your loan approved on the same day. This means the money could be in your account as early as tomorrow. And when you need help with the application process, you can always get in touch with our local staff, who will be more than happy to guide you every step of the way.
Call us now at 1300 524 472 to learn more about our secured short-term business loans, or simply take 60 seconds and apply now.