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$1.8M First Mortgage Releases $980K of Working Capital for a Solar Business

26 August 2026

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Loan Amount: $1,800,000
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Location: Broadbeach Waters, QLD
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Security: Owner-occupied residential property, valued at approximately $2,600,000
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LVR: 69%
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Term: 12 months
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Use of Funds: Refinance of existing debt, plus approximately $980,000 of business working capital
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Exit Strategy: Refinance to a traditional lender
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Loan Product Type: First Mortgage

The Scenario

The borrower operates a solar energy business that had reached the point where the next stage of expansion needed funding, and where the existing debt arrangements were no longer the right shape for the business.

Two things had to happen at once. The existing borrowings needed to be consolidated into a single facility on a single term. And the business needed real working capital, roughly $980,000 of it, to keep the expansion moving rather than staging it out over the following year.

The borrower had the fundamentals a lender wants to see. A strong asset and liability position. Annual income of approximately $400,000. A clean, high-quality residential property at Broadbeach Waters. What they did not have was the time to sit through a full bank credit assessment while the growth window stayed open.

The Solution

Secured Lending structured an $1.8 million first mortgage against the Broadbeach Waters property, valued at approximately $2.6 million. That put the facility at a 69% loan to value ratio, inside our 70% ceiling and comfortably supported by the security.

A first mortgage was the right instrument here because the existing debt was being cleared rather than sat behind. One facility replaced the previous arrangements, and the surplus above the payout became the working capital the business had asked for.

The exit was the part that made a 12-month term sensible. With approximately $400,000 of annual income and a consolidated debt position, the borrower presents to a traditional lender far better after the refinance than before it. The 12 months gives the business room to demonstrate the expansion, then move the facility to a bank on bank pricing.

The Outcome

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$1.8 million first mortgage facility structured over a 12-month term
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Existing debt consolidated into a single facility
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Approximately $980,000 released as business working capital
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LVR held at 69% against a property valued at approximately $2.6 million
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Clear exit path via refinance to a traditional lender

Why This Scenario Required a Private Lender

Nothing about this borrower is unbankable. The income is there, the equity is there, and the business is growing. On a long enough timeline a bank funds this deal.

The timeline was the whole problem. Expansion in solar is driven by contracted work and supplier lead times, and a business that waits a quarter for a credit decision does not get the quarter back. A private lender that assesses the security and the exit, and lends its own funds, closes that gap.

The security here is the residential property the borrower owns, which is worth stating plainly. We do not lend against panels, inverters, stock or an order book. We release capital against real property, and the business decides where that capital goes.

The structure also does something a bare working-capital loan would not. It tidies the balance sheet at the same time as it funds growth, so the borrower arrives at the bank refinance with one facility and a cleaner story rather than several legacy arrangements.

If your business needs to consolidate existing debt and release capital in the same transaction, or you are weighing a million dollar facility against a short window, contact our team. We lend nationally, including across the Gold Coast, and can usually give an indicative answer the same day.