Short Term Loan Capital For Property Investment

The Ultimate Guide To Short Term Loan Capital For Property Investment

Interested in terms like ‘short term loan capital for property investment’? We understand that your property can become an instrument for unlocking a myriad of opportunities. However, with the many loan options on the market, how do you make sure you’re choosing the right financial solution for your specific needs?

At Bridgit, we empower Aussies to access the value of their property through our bridging loans, allowing homeowners to buy before they have sold. Read along as we simplify the intricacies of short term investment financing in this article.

Understanding short term property finance

What is a short term property loan?

These types of financial solutions are primarily short term loans secured against property equity. Unlike traditional mortgages, which are long-term property loans extending from fifteen to thirty years, short term property loans offer a more transient solution. They usually span from three to twenty-four months and cater to immediate and diverse financial needs.

Versatility of short term loans: beyond securing property capital

A lot of people who are looking up terms like ‘short term loan capital for property investment’ may be in need of capital for real estate ventures. Certain short term property loans can serve as a capital loan, allowing you to secure funding for purposes such as buying and refurbishing properties for resale or setting up rental properties.

But beyond securing property capital, short term home loans or property loans are versatile and could be utilised for various, simple, and immediate purposes. These include quick funding needs like bill payments, home renovations, or debt consolidation.

At Bridgit, we offer our short term property funding solutions for a straightforward purpose: property acquisition. Our bridge financing loans ‘bridge’ the financial gap, allowing homeowners to purchase their new property without the pressure of immediately selling their current one.

What are the advantages of using short term property loans?

Short term property loans generally offer a streamlined and less stringent application process compared to traditional loans. Whether you’re in need of a fast investment loan or funding for personal needs such as acquiring a new home for your family, this approach to quick loan ensures you receive timely support.

Just take our process, for instance: our online bridge loan application can be completed within five to ten minutes. We could provide approval within twenty-four hours, and settlements can happen in just a few days.

The versatility of short term lending is also unmatched. For instance, solutions associated with terms like ‘short term loan capital for property investment’ can help investors expand their portfolios without tying up with long-term capital.

Bridging loans brings its own set of advantages too and can be instrumental in smoothing the transition between selling your current home and acquiring a new one. They eliminate the worry of missing out on your ideal property by providing the necessary funds at the right time.

Additionally, bridging loans help save on temporary living and storage costs by facilitating an earlier move to your new home. You also get to avoid double mortgages, as lenders like us at Bridgit cover the existing mortgage on your existing home.

What are the eligibility criteria for short term property loans?

Qualifying for a short term property loan in Australia typically hinges on several key factors, and these can depend on the specific type of loan and the lender.

For instance, if you’re interested in terms like ‘short term loan capital for property investment’, investment loan providers may require you to have a sufficient deposit and a good credit history. Additionally, the property type and condition can play a significant role in the evaluation process.

At Bridgit, while we don’t offer loans such as ‘short term loan capital for property investment’, we believe in making bridge financing straightforward and accessible. To be eligible for a bridge loan with us, you must:

• possess a good credit history;
• be over the age of eighteen;
• be an Australian citizen or permanent resident;
• meet lending policy criteria;
• 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.