Development Finance

Mark Hutchins

Mark Hutchins

Director - Secured Lending

Development Finance – Another Success Story

It’s always a great day when we hear news of a Borrower achieving success with the help of Secured Lending providing Development Finance.

Secured Lending were approached back in May 2020 to assist with funding for the purchase of a development site located in South Coast NSW. The Borrower is an experienced developer and had approved plans and permits to build a 34 unit residential complex.

Secured Lending took a first mortgage security over the site, providing $2.8M for the anticipated 15 months for construction and sale.

The loan had been structured with the understanding that construction finance would be sought through a first tier Lender. As such, once construction funding was obtained, we had transitioned our security to a registered second mortgage position over the site and a property in the Shire to allow the completion of the project.

Today the Borrower is settling on the sale of the completed development, and we are excited to help another Australian business achieve success!

Check out our Second Mortgage Finance  product if you require any more information, or alternatively, contact us at 1300 795 175 or email info@securedlending.com.au

Development Finance

Secured Lending

FAST FUNDING SOLUTIONS

Secured Lending focuses on non-conforming, short term funding solutions with incredibly quick turnaround times. So why Secured Lending?
  • We have our own internal property valuation team.
  • We can settle caveats, 1st and 2nd mortgage loans within 24 hours up to $45m.
  • We pride ourselves on being transparent and honest in our approach, always aiming to have an initial assessment back to you in a few hour

Our rates start at 9.95% p.a. with loan terms from 1 – 24 months.

 If you have a scenario to discuss, please call us on 1300 795 175.
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