Are you desperately running out of time and need a Short Term finance solution that can settle quickly?
At Southern Lending Group, we understand that sometimes you need money fast. We will organize a private Bridging or Caveat Finance Facility for any business purpose to clients & property developers who need urgent money for short periods of time.
Letting an opportunity slip through your fingers due to unnecessary compliance from some financial institutions can be extremely stressful & frustrating.
At Southern Lending, we are experts at providing Bridging and Caveat Finance in time frames and situations where many other funders fall short.
Security Options
We will accept a range of security options, including:
- First and second mortgages and caveats
- Charges over the business, its property or other assets
- Signed contracts for settlements (property or asset sales)
- Delayed income, signed invoices & regular receipts (factoring)
- Bills of Sale over unencumbered vehicles
- Irrevocable authorities to pay
- Personal guarantees and third party guarantees
- Stocks and shares in public companies
Minimum Loan: $20,000
Maximum Loan: $1,000,000
Minimum Loan: 1 month
Maximum Loan: 5 months
Usually registered first or second mortgage to 80% [including loan amount] on residential property [see other security options listed to the right]
Second Mortgage: From 4.0% per month.
Monthly in advance, or can be capitalised into the loan on application.
The interest rate charged will depend on the security provided & the quality of your client base. The rate for Bridging Financing is based on a minimum of 30 days.
You will be charged an application fee based on the logistics and amount of the loan.
