Flexible Finance

Mark Hutchins

Mark Hutchins

Director - Secured Lending

Finance just in time for settlement!

When dealing with the illiquid asset that is real property security, time is not always on your side when it comes to settlement.

We recently had a borrower who went through this pinch. They had purchased a property off the plan and required finance ASAP to settle back in June 2022. While the banks were dragging their heels, Secured Lending was able to act with haste and provide finance in the timeframe needed.

The property was subsequently placed on the market, however, the sale period took longer than the borrower anticipated. With the buyer requesting a 42-day settlement period, the sale was set to be finalised 5 weeks after the original loan facility expiry date.

Secured Lending was able to provide an extension of 5 weeks to cater for settlement and once the 42-day period had expired, the borrower was able to pay down their facility in full, yielding the best result for all parties involved. Unlike some other lenders, we provide flexibility for borrowers and work with them to achieve their goals

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

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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