Loans made or arranged by Equity Lenders secured by 1st mortgages, 2nd mortgages and caveats
Mortgages fr5.95%pa +0.1% pm mgt~ 2nd Mortgages & Caveats typ.1.5%*pm
Use existing equity to buy any property and borrow 100%+ costs and more! From 5.95%*^ pavideo presentation
Have at least 40% equity in your property and need to access cash fast? 1st & 2nd mortgagesvideo presentation
Up to $10m per property construction or land subdivision. 1st & 2nd mortgages & mezzvideo presentation
Refinance and payout high-rate and expired loans into a longer-term 1st or 2nd mortgagevideo presentation
Selling a property and wanting to get the highest possible price? Renovate first using your equity!video presentation
Equity Lenders continues to provide funding for property loans across a range of residential and commercial real estate assets. To date, we've provided $116+ million in loans with an enviable track record of delivering above-market returns and capital preservation to our valued funders.
For 25+ years, we've assisted our borrowers with funding for working capital, business ventures, release of new and existing equity, land subdivisions, construction financing, rezoning and bridging finance. We provide loans secured by first and second mortgages (caveats too) to assist with restructures, purchases, refinancing and repositioning of property.
We skip all the red tape and paperwork involved with traditional lenders and enables us to arrange approvals to settle your loan very fast when others cannot - typically 3-5 business days if a 1st mortgage. 2nd mortgages take a little longer...
Access all types of loans from our own panel + loans from other lenders too!
You talk directly to the lender's broker to access multiple decision-makers!
Loans are readily available to 1-day old companies and corporate trustees
Loan agreements emailed direct to your legal firm and scanned back to settle fast!
financing and lending
residential & commercial
Loans available to Company Directors, Corporate Trustees of Family Trusts & Short-term Personal* Borrowers (*62-day loans)
We know your requirements for funds may be urgent. That's why we get to Yes FAST and transfer without delay
Our application form is processed, valuation ordered & documentation requirements returned. An indicative loan offer is issued by the lender. Allow 1-2 days for valuation/s. Allow 1-2 days to process 1st mortgagee letter for 2nd mortgage applicants
Put your Solicitor on standby to receive your loan agreement by email, attend to lender & solicitor requirements, sign-up then get ready for settlement funds to be transferred. Allow 1-2 days for this final step
Loans made or arranged by Equity Lenders secured by 1st mortgages, 2nd mortgages and caveats
Our private funding lines for 1st's, 2nd's & caveats are for housing, vacant land lots, commercial & construction
Our private funding lines for 1st's, 2nd's & caveats are for land subdivisions, property development, rezoning & repositioning
Indicative quote 1 bus. hr, lender approval same day, loan offer same day, loan agreement same day, settlement 1-2 days
Release equity from residential and commercial property using a registered 1st mortgage, 2nd mortgage or caveat. Purchase your next property while selling your current property using a combination of registered 1st and 2nd mortgage. Refinance an expiring high-rate short-term loan into a new long-term lower-rate loan. Consolidate a high-rate 2nd mortgage and even higher-rate caveat loan(s) into a new loan. Subdivide land into residential or commercial lots. Construct a Duplex, Villa, Townhouse, Apartment, Multiple Units or High-rise. Refurbish residential and commercial property. Properties include: Residential, Commercial and Industrial
I required a very, very urgent bridging loan to make sure we didn't lose our $100,000 deposit. Robert dropped everything and provided me with a Caveat loan from a private lender in Perth that didn't require valuations and ignored maximum lvr's. Click here to read how Equity Lenders was the only one that assisted me when nobody else I contacted could!
A large land site approved for 65 lots became available from the receivers. I required a 1st mortgage private land loan with 6-months prepaid interest and fees to give me time to develop. Click here to read how Equity Lenders was able to assist me to make sure I didn't miss out on this limited opportunity!
I required a loan to assist with the purchase and renovation of a tenanted bank of shops with adjoining developable vacant land. I saw an immediate uplift in property value if renovated and re-tenanted. I required a commercial renovation loan to purchase with progressive payments. Click here to read how Equity Lenders provided funds to assist me
We wanted to renovate our home, consolidate our loans and credit cards, repay loans to family members, repay overdraft and pay staff super. A 2nd mortgage for $100k in the hand was required. Click here to read our story on how Robert provided a 12-month private loan
I'm an owner of a bait and tackle shop in a coastal WA town. I took the wrong loan to grow the business and now find I can no longer afford the repayments. I need to refinance to a lower rate. Robert was able to refinance my high rate loan with a low rate private loan. Click here and read how Equity Lenders changed my loan over and saved my business
My company develops raw land into saleable parcels of land and deals exclusively with blue chip companies and conglomerates. I needed to deal with a specialist broker that was capable of providing our company with a number of large private loans up to $6.3 million. Click here to read how Robert assisted us with our requirements!
What is a Caveat?
A Caveat provides a fast and seamless means of settling a short-term loan. Secured by way of a registered Caveat, this facility is available to any homeowner that wishes to retain their existing 1st mortgage and 2nd mortgage but require a short-term line of funding beyond their current credit providers capacity. Short-term Caveat loans are generally only available for business purposes.
Caveat loans are basically like a mortgage or charge over one or more of your properties. You receive funds and the lender puts a charge over your property to secure the repayment of the debt. They are typically behind another mortgage over your property.
Caveat loans are usually used for real estate dealings or business dealings. If you are stuck in the short-term requiring funding and settlement of a pending matter will take months, Caveat loans can come to the rescue in providing you with the cash required, secured over your new or existing property. Caveat loans are often borrowed by property owners, project managers, businessmen or other borrowers who realise they cannot afford to miss out on funding.
What is a 2nd Mortgage?
A 2nd mortgage is actually not a loan as most people would think. It is a registrable form of security that can guarantee the payment of a debt or loan. A 2nd mortgage creates a security interest (legal claim) in the property with the home owner (also known as the mortgagor).
A 2nd mortgagee (the lender in a mortgage, typically a bank or private lender) does not have title to or possession of the property. But if a borrower (aka mortgagor) is in default on a loan, the lender (aka mortgagee) can exercise certain remedies if the borrower defaults.
An unregistered mortgagee does not automatically have statutory powers to sell the property as a registered mortgagee. It is not uncommon for banks and lenders (mortgagees) to send borrowers with letters of demand requesting payment of the loan before seeking to enforce their rights through court.
The following remedies are available to a mortgagee when the 2nd mortgagor defaults:
If you would like to know more about 2nd Mortgages and Caveats and how they operate or effect you, you are urged to seek your own legal advice.
The National Consumer Credit Protection Act 2009, or NCCP, is legislation that's designed to protect consumers and ensures ethical and professional standards in the finance industry. Lenders and mortgage brokers must hold a credit licence or be registered as an authorised credit representative. The NCCP is regulated and enforced by ASIC in accordance with the National Credit Code(NCC).
What is a Regulated loan? - As a general rule, almost all home loan types and applications are regulated under the Act. The rules for this are complicated, however, a loan is likely to be regulated if the borrower is a natural person, a charge is made for providing the credit and the credit provider provides the credit in the course of a business. The credit is provided wholly or predominately for personal, domestic or household purposes. Or to purchase, renovate or improve residential property for investment purposes. Or to refinance credit that's been provided wholly or predominately to purchase, renovate or improve residential property for investment purposes. This means that most standard home loans are regulated under the NCCP Act.
What is an Unregulated loan? - There are exceptions that aren't regulated by the NCCP Act. Home loans that are unregulated include loans in the name of a Company (i.e. not to a 'natural person') or loans used predominantly to invest in commercial property, shares or a business.
The NCCP does not apply to certain loans including low cost short term credit that is 62 days or less. However, the NCCP does apply to a loan of less than 62 days if fees and charges exceed 5% of the amount of the loan or if the interest rate exceeds 2% pcm or 24% p.a.
Don't risk wasting your money, time and fees by being declined by other lenders - call us today on 1300 859 075!
All private lenders across Australia require you to have legal advice before any funds are handed over. Each lender has a preferred legal firm. Legal firms are generally located in Sydney.
Immediately after your loan is approved by one of Equity Lender's private lenders, instructions are issued to the lenders preferred legal firm to prepare the loan agreements and checklists.
When the loan agreement and checklist has been created, the pdf's are emailed to your nominated lawyer or solicitor. Your lawyer or solicitor is instructed to print off the documentation and make an appointment for you to attend their office.
Before meeting with your nominated lawyer or solicitor, you will be requested to bring with you checklist items. These items usually include photo identification i.e drivers licence and passport and/or birth certificate, both council and water rates notices with confirmation that all instalments have been made, certificate of currency (not applicable for strata) with the lenders name on it (lender will provide the names), land tax statement (your solicitor often provides this), deposit slip or bank letter confirming the account your equity release funds are to be credited to etc.
Because of increasing fraud being continuously discovered, each lender has specific requirements they expect their legal firms to undertake.