Summary
- Loan amount: $1.1 million
- Loan type: Short-term facility secured by equity in an existing property
- Location: Granville, NSW
- Problem: Delays in progress payments from traditional banks were stalling the project
- Solution: Secured Lending provided fast turnaround funding within 72 hours
A well-established property developer with multiple successful projects behind him hit a frustrating standstill. He wasn’t new to the process, the risks, or the pressure—but this time, he faced an obstacle that had nothing to do with planning, construction, or market conditions.
He’d launched a duplex development in Granville and needed to access capital to maintain his momentum. Yet again, the bank dragged its feet. Approval delays, re-requests for documentation, and lengthy funding timelines turned what should have been a straightforward progress draw into a three-week waiting game. And that lag had real consequences: subbies not getting paid on time, materials delayed, and the entire timeline pushed back—all avoidable if funding had been faster.
This is where traditional finance often fails developers. There’s no urgency, and certainly no understanding of how vital timing is in a live project.
He needed speed. Certainty. Simplicity.
He reached out to Secured Lending after becoming fed up with the same cycle. He needed a solution that didn’t require him to stop and explain how development actually works. He needed capital—not just approved, but settled—and he needed it now.
We arranged a short-term bridging loan, using equity in another residential asset he owned. Within 72 hours, $1.1 million was in his account.
There were no unnecessary site visits. No irrelevant paperwork. No repeated credit approvals. Just a simple, asset-backed solution designed to keep his team moving.
The funding allowed him to immediately catch up on payments to subcontractors and secure key materials that were at risk of being allocated elsewhere. That certainty allowed him to bring his focus back to the build, confident the project could stay on schedule without risking cost overruns or burnt-out trades.
This is what short-term lending is designed to do. It’s not about replacing long-term finance—it’s about bridging the gaps traditional lenders can’t close quickly enough. When you need access to capital based on existing equity, and you need it now, our process is set up to deliver.
How do I get funding fast if my bank keeps stalling on progress claims?
At Secured Lending, we specialise in helping experienced developers and business owners move fast when conventional lenders can’t keep up. Whether it’s equity release, bridging finance, or smoothing a cashflow bottleneck, we provide responsive, asset-backed funding tailored to you. Get in touch to discuss your project’s specific timeline and funding needs—we’re ready when you are.
