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Here’s What You Need To Know About Short Term Investment Property Loans

Feeling trapped in the maze of short term property loans and other types of property funding? Accessing necessary funds against your property in Australia can be complex.

That’s where we step in at Bridgit, offering a clear path with our bridge loans. This guide will help you understand a specific type of short term funding and will answer your questions regarding investment financing.

Types of short term property loans in Australia

Short term property funding solutions are diverse financial options where you can access funds that are often secured against property equity. They’re significantly shorter in term than traditional mortgages, typically ranging from one to twenty-four months.

There are many types of short term property finance solutions and real estate loans in Australia.

Caveat loans, for instance, allow homeowners to access funds for urgent financial needs. These quick property loans are unique as they place a caveat on the property title, ensuring the property remains unsold during the loan period.

Short term investment property loans, another type of property financing, are particularly relevant for real estate investments. Short term investment property loans or fast investment loans cater to purposes such as purchasing and refurbishing properties for resale or setting up short term rentals.

Lastly, Bridging loans, our key offering at Bridgit, are tailored for homeowners transitioning between selling and buying properties. Bridge loans can help when you have found your perfect home but haven’t sold your existing one yet.

Are there specific lenders that specialise in short term investment property loans?

Yes, in Australia, there are specific lenders that specialise in short term investment property loans.
These institutions cater to individuals and businesses looking for efficient financial solutions for property investments. They offer a variety of short investment loans, including commercial property loans, rental property loans, and other loans for specialised properties, each tailored to meet different purposes.

In addition to these investment-focused lenders, there are also short term private lenders specialising in other types of short term loans. For instance, at Bridgit, we have carved a niche for offering bridging loans. Since our establishment in 2021, our mission has been to provide Australian homeowners with a quick and easy finance option, leveraging modern technology to streamline the lending process.

At Bridgit, we specialise in bridging loans, so how exactly can bridging loans help you?

What are the benefits of bridging loans?

Short term investment property loans offer significant advantages, particularly the bridging loan. For example, they allow homeowners to purchase a property without the constraints of long-term capital. This type of short term property loan provides the flexibility to act quickly in a dynamic market and to buy before you sell, which is essential for capitalising on timely investment opportunities.

However, bridging loans, a specialised form of short term lending, come with their own unique benefits:

• Avoiding Double Mortgages: As your bridge loan provider, we take on the responsibility of your existing mortgage during the transition to your new home. This allows you to focus exclusively on your new purchase, relieving the financial stress associated with managing two mortgages.
• Saving on Temporary Living Costs: With our bridging loan, you can move into your new home sooner, which translates into significant savings. You'll avoid expenses typically associated with short term rentals, storage, and moving, making the transition more financially efficient.
• Capitalising on Timely Opportunities: In the fast-moving real estate market, seizing the right opportunity at the right time is vital. Our bridge loans ensure you don't miss out on your dream home because of delays in selling your current property.
• Avoiding Being Out of Market: The market can move quickly, and when you have sold, you are out of the market. With a bridging loan, you can buy before you sell, meaning you are never out of the market.

Why choose Bridgit for your property loans?

At Bridgit, we revolutionise property lending with our tech-first approach to the bridging loan Our streamlined online application can be completed in just five to ten minutes. We pride ourselves on our efficiency, providing loan approvals within twenty-four hours. Moreover, settlements can occur in a matter of days.

Furthermore, our loans are free from annual fees, monthly fees, and early repayment penalties. Our goal at Bridgit is to empower Australian homeowners, allowing you to buy and sell on your terms.

Lastly, navigating loan eligibility with us is a transparent and straightforward process. To qualify for a loan from Bridgit, you simply need to:

• possess a good credit history;
• be over the age of eighteen;
• be an Australian citizen or permanent resident;
• borrow against a property located in Australia; and
• have a valid government ID, like a passport or driver's licence.

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.