If your current private loan is expiring, getting expensive, or the lender will not extend, we can refinance it on clear terms and give you time to reach your exit.
Private and caveat loans are short by design, and they do not always end when you are ready. Your facility might expire before your sale settles or your bank approval lands, the lender might refuse to extend, or the rate and fees might have crept up to where the loan is working against you.
We pay out your existing private, non-bank or caveat lender and replace the loan with a first or second mortgage on terms set out upfront. We structure it around your real exit, whether that is a sale, a bank refinance or a defined event, so the timeframe fits what is actually going to happen.
We lend Australia-wide, with most of our loans secured in metropolitan New South Wales, Victoria and Queensland.
The term ends before your sale or bank approval completes, and default interest is about to apply.
You need more time and the current lender has said no, or will only extend at a steep cost.
A caveat or short-term facility at a high rate that a registered mortgage can replace at lower cost.
We are not a replacement for your bank. We are the lender you use when the bank’s timeframe or template does not fit the situation, and the loan is written to hand you back to the bank when it does. Rates are indicative and subject to valuation, due diligence and formal approval.
| Feature | Verified Capital | A bank |
|---|---|---|
| Decision | Indicative terms within 24 hours | Weeks, often months |
| Assessed on | The property, the purpose and the exit | Financials, trading history and lending policy |
| Borrowers | SMEs, companies, trusts and investors | Consumers and businesses |
| Loan term | 1 to 24 months | Long term |
| Paperwork | Short, specific to the deal | Full application and ongoing covenants |
| Who you deal with | The people who assess, approve and fund | Relationship managers and a credit committee |
| Rates and fees | Every rate and fee set out upfront in the letter of offer | Lower rate if the business qualifies |
Tell us about the property, the amount you need, the purpose and how the loan will be repaid. Your broker can submit on your behalf.
If the scenario fits, we issue a letter of offer within 24 hours with every rate and fee set out upfront.
We instruct an independent valuation and complete our credit and title checks.
Our solicitors prepare the documents and we settle on your timeframe, then stay your point of contact through to repayment.
1st mortgageSettledThe owner of a mixed-use building had a bank facility expire while a lease dispute held up the refinance, and the bank would not extend. We paid out the facility, giving the owner time to resolve the lease and refinance to a new lender at month 14.
1st mortgageSettledA Sunshine Coast restaurant group had four separate facilities: an overdraft, equipment finance, a caveat loan at 24% and an ATO payment plan. Consolidated into one loan against their freehold premises, cutting monthly outgoings by more than half. Repaid via bank refinance.
Send us the details and we will come back to you within 24 hours.
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