Urgent $4.741M Second Mortgage Helps Client Settle on Prime Sydney Property
How we delivered a $4.741M second mortgage across three Sydney properties in just days
- •Loan type: Second mortgage
- •Loan amount: $4.741 million
- •Security: 3 residential properties in Sydney, NSW
- •Location of purchase: Commercial block on Sussex Street, Sydney
- •Problem: Purchaser’s funds fell through at the 11th hour, leaving the borrower at risk of losing the property
- •Solution: Fast settlement via second mortgages across multiple properties, structured and approved in time to settle
When timing is tight, and your buyer's finance doesn't land as promised, the risk of losing a commercial property opportunity becomes real—fast. That’s exactly what happened when a client came to us in urgent need of funding. Their plan to complete the purchase of a prime commercial site on Sussex Street relied heavily on the proceeds of another sale. But when that buyer's finance stalled at the final moment, the clock was ticking.
To protect the deal, we structured a $4.741 million second mortgage facility using three Sydney-based residential properties as security. Our team worked swiftly, analysing the strength and equity across the portfolio, and proceeded to settlement within the client’s deadline—despite the complexities involved.
Many private lenders hesitate in the second mortgage space, especially at this scale. But we don't walk away from complexity. If there’s real value in the underlying security and a clear purpose for the funds, we lean in. It’s this mindset that allows our clients to act decisively—even when the unexpected happens.
If you’re navigating a similar funding gap, we can help. Our second mortgage solutions are flexible, fast, and backed by real property expertise. Contact us on 1300 795 175 or email info@securedlending.com.au for a confidential discussion.
Get an indicative offer within hours, not weeks.
No credit check. No obligation.
Why Secured Lending?
Get an indicative offer within hours, not weeks.
No credit check. No obligation.
Why Secured Lending?
