AUCTION FINANCE
Auction Finance is a specialised short-term loan designed to buy auction properties. It offers quick funding to secure a purchase, often within tight deadlines. This finance type benefits investors who need immediate funds, as auctions require fast payment upon winning a bid. Auction Finance typically covers a significant portion of the purchase price and must be repaid through refinancing or selling the property, usually within 6 to 12 months. It's a crucial tool for property investors in competitive auction environments.
WHAT IS AUCTION FINANCE?
NO UPFRONT FEES
NO BROKER FEES
Key benefits of Auction Finance:
PURPOSE & USE
Fast funding for auction purchases
Ideal for property investors
Covers a major portion of the price
Enables competitive bidding
FEATURES & BENEFITS
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Quick approval and disbursement
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Short-term financial solution
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High loan-to-value ratios
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Flexible repayment options
CONSIDERATIONS & RISKS
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Requires swift repayment
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Higher interest rates
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Risk of overbidding
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Need for an exit strategy
Experienced. Trustworthy. Tailored.
Clever Commercial is an award-winning brokerage with over 30 years expertise in providing bespoke property financing solutions. Competitive rates, flexible criteria, and unrivalled service. Build your future - partner with us.
WHY CHOOSE CLEVER COMMERCIAL?