How Short Term Funding Group Helps You?

Private First and Second mortgages to Pty Ltd Companies

Private mortgage funding for first and second mortgages secured via real estate through our network of private lenders.

The lending process of Private non National Consumer Credit Protection Act (NCCPA) First and Second mortgage lending to Pty Ltd Companies

Once the borrower contacts Short Term Funding Group, and we discuss with the borrower a brief overview of their funding requirements, and we are satisfied that their funding requirements will fit within our lenders preferred lending criteria, our lender will direct Short Term Funding Group to offer the borrower an indicative interest rate including all approximate associated costs for the borrowers loan advance.

Once the approximate interest rate and costs offered by the lender has been agreed by the borrower, the lender will immediately direct Short Term Funding Group to send out an application form for completion by the borrower.

Once the signed Short Term Funding Group application form has been completed and returned, and Short Term Funding Group are satisfied on behalf of the lender with the contents and completion of the application form, we will urgently forward a term sheet to our lender for an urgent consideration of the borrowers funding requirements which will include the initial interest rate quoted to the borrower by the lender and the approximate costs.

The term sheet process is immediate for it to be assessed by our lender, once our lender is satisfied with the term sheet, a conditional letter of offer will be issued by our lender via Short Term Funding Group to be executed by the borrower, which will include an urgent due diligence of the borrowers by our lenders solicitors, the transparent letter of offer will also state that a valuation of the real estate security to be used for the loan advance must be conducted to satisfy the lender of the value of the security offered for the loan advance.

Standard valuation costs for a residential property start at approximately $500 depending on the type and location of the security property, which will be payable once the letter of offer has been executed and returned to the lenders solicitor. The valuation cost is per security property and this valuation cost may increase if there are multiple properties and or specialised security being offered ie; commercial, construction or industrial properties that are being offered for the loan advance.

Please note, a complete valuation quote will be discussed in the initial consultations with the borrower prior to any Short Term Funding Group application form being sent and completed by the borrower.

Our Lenders are strict with regards to full disclosure and transparency of costs to borrowers prior to any application for finance.

The approximate legal fees charged per security by the lenders solicitors to prepare mortgage documents on behalf of the lender will be approximately $2500 which is also payable at settlement and can be included in the loan amount to be disbursed at settlement. If there are multiple properties offered as security or complex borrower structures, the lenders legal fee will increase, this will be fully disclosed to you prior to any application for finance or letter of offer being issued to you.

Our Lenders and their solicitors are strict with regards to full disclosure of legal costs to borrowers prior to any application for finance.

In general, our lenders solicitors will charge a due diligence fee once the letter of offer has been issued, executed and returned, this fee is approximately $1500 which is included in the $2500 legal fee and will be deducted from the $2500 legal fees at settlement.

Once the process of valuations and due diligence has been completed and all legal requirements have been met and the lender is satisfied, mortgage documents will be issued via the lenders solicitors to be executed by the borrower and their solicitors.

Short Term Funding Group does not charge any upfront fees for the service of application form to term sheet.

Short Term Funding Group will only charge an establishment fee payable at settlement of your loan and only if your loan settles, this fee is 2% + GST of the loan amounts advanced to you.

If there is no settlement then there is no fee payable to Short Term Funding Group.

The only costs that will be incurred by the borrower if for any reason the loan does not proceed to settlement will be the initial due diligence and valuation fee, which was paid once the Short Term Funding Group letter of offer was signed and returned.

The interest rate for private mortgage subject to receipt of application form, valuation and due diligence searches start at 6.95% per annum for a first mortgage and second mortgages start at 12% per annum subject to initial assessment.

The first or second mortgage offered can either be prepaid or monthly in advance depending on the valuation of security property and loan scenario.

Our lenders advance first and second mortgage funds against all forms of real estate security located within Australia, Our lenders are ready to lend in New South Wales, Victoria, Queensland, South Australia, Western Australia and Tasmania.

Short Term Funding Group is not a lender, it only acts as an agent for lenders that are registered with Short Term Funding Group.

Short Term Funding Group acts as an intermediary between a borrower and lender and collects information from the borrower on behalf of the lender which enables the lender to make an informed decision whether to advance funds to a prospective borrower from information collated from the Short Term Funding Group application form with contents in the application form confirmed by the borrower.

Our lenders on our private mortgage register lend directly to a borrower who is a Pty Ltd company and such lending is assessed and finalised through the lenders appointed solicitors.

All types of Pty Ltd Company and Business loans

With no real estate as security required by Short Term Funding Group’s panel of lenders, these types of loans are usually assessed on the cash flow of the company or business.

Once we discuss with you a brief overview of your funding requirements and we are satisfied that your funding requirements will fit into our lenders preferred lending criteria, we will send out an application form for completion by you.

Once the signed application form has been returned to us, we will assess the application form, and once satisfied, we will continue to forward a term sheet to our panel of lenders for an urgent consideration of your funding requirements.

• Lines of Credit
• Asset Refinancing
• much needed capital injection for various reasons
• support your business cash flow in times of need
• purchase more stock, equipment or assets for your business to grow
• buyout a business competitor
• payment of outstanding invoices
• upgrading business vehicle fleet
• business debt consolidation
• bridging finance to purchase realestate
• funds to secure a property development opportunity
• payment of outstanding tax debt

Short Term Funding Group has a wide range of lenders offering lending solutions for all types of company and business owners seeking loans. Please contact us and run your requirements past us so we can immediately assess your requirements and promptly quote on your individual scenario.

In circumstances where the Short Term Funding Group's Pty Ltd company or sole trader borrowers loan enquiries fall within the NCCPA (National Consumer Credit Protection Act) then those borrower enquiries will be referred to finance brokers within Short Term Funding Group’s broker network who are either fully licenced credit representatives or who hold a credit licence registered with ASIC.

All of Short Term Funding Group’s first and second private mortgage enquiries are only referred to lenders on its panel for loans that fall outside of the NCCPA and all of its loans referred to its lenders are for business purposes facilitated only to Australian Pty Ltd companies.

Short Term Funding Group adheres to responsible lending guidelines to all loan enquires and applications assessed and settled whether they fall inside the requirements of the NCCPA or outside of the NCCPA legal requirements and legislation.

If your company or business needs a lifeline to fund a new initiative, grow your company, or keep it running, call us on 1300634634 for a confidential discussion of your business needs and your short term funding options, or complete the form and we will get back to you as soon as possible.

Short Term Funding Group - Helping Australian Companies and Businesses to secure funding.

1300 634 634
Level 25,100 Mount Street North Sydney 2060