$280K Second Mortgage for Short-Term Cash Flow in Kooyong

28 September 2026

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Loan Amount: $280,000
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Location: Kooyong, VIC
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Security: Second mortgage over a residential property
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Use of Funds: Short-term cash flow
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Exit Strategy: Planned asset sale
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Loan Product Type: Second Mortgage

The Scenario

The borrower had a sale underway that would bring in the money they needed. The problem was the timing: cash flow commitments were due before that sale would settle.

A bank loan was not a practical answer. A standard application takes weeks to assess, and the borrower needed the funds sooner than that. The amount was modest, $280,000, and the borrower owned a residential property in Kooyong that already carried a first mortgage but held enough equity to secure a second.

The Solution

Secured Lending provided a $280,000 second mortgage over the Kooyong property.

The existing first mortgage stayed where it was. Our facility sits behind it, which meant the borrower's existing loan, its rate and its repayments stayed exactly as they were.

The loan was set up as a short-term loan to be repaid from the proceeds of the planned sale. Once the sale settles, the facility is repaid and the second mortgage is discharged from the title.

The Outcome

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$280,000 provided against a residential property in Kooyong
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Cash flow commitments met on time, without waiting for the sale to settle
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Existing first mortgage left in place, on its current terms
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Repayment set to come from the proceeds of the planned sale

Why This Scenario Required a Private Lender

A bank assesses a loan on the borrower's income and servicing over the full term. For a loan that will be repaid within months from a sale, that assessment takes longer than the loan is needed for.

We assess the property, the equity behind the existing first mortgage, and the sale that will repay us. On a loan of this size in Kooyong, that assessment can be completed quickly.

If you have money coming in from a sale and need urgent cash flow funding before it arrives, speak to our team. We lend across Melbourne and can usually give an indicative answer the same day.