Quick Snapshot:
Loan Type: 1st Mortgage Loan
Loan Amount: $13 million
Problem: Tight settlement deadline, slow incoming lender, multiple lender rejections
Solution: Fast private funding and execution by Secured Lending
Outcome: Settlement met on time with funds ready in trust within 48 hours
A client approached us just days before the settlement of a major property purchase. The lender they had initially lined up was delaying documentation and dragging their feet. Settlement was looming, and with $13 million on the line, the stress levels were understandably high.
Other lenders had already declined the deal, concerned that the client wouldn’t be able to secure the capital quickly enough. With the deadline fast approaching, they were running out of options and facing the real risk of losing the property altogether.
That’s when Secured Lending stepped in. We immediately prioritised the transaction. Within 48 hours, we had conducted our full assessment, issued legal documents, and had the $13 million in trust, ready for settlement.
Our ability to fund directly from our own pool of capital meant we didn’t need to wait on investor approval or drawn-out processes. We moved fast, because we know that in high-stakes property transactions, time is not a luxury our clients can afford.
If you’re dealing with a similar scenario — a critical deadline, a slow-moving lender, or a deal that can’t afford delays — get in touch. Our 1st mortgage solutions are designed for exactly this type of challenge.
Call us on 1300 795 175 or email info@securedlending.com.au.
You can also visit our website to learn more about how our tailored lending options might work for your needs.
