Location: Inner Sydney, NSW
Loan Type: Second mortgage
Loan Amount: $1.2 million
Problem: Traditional lender delays risked collapse of urgent commercial property acquisition
Solution: Secured Lending funded second mortgage within 24 hours using equity in investor’s existing asset
A commercial property in Sydney came onto the market with only a 5-day window to exchange contracts. It was under market value, attractively located, and already tenanted with a healthy return. For an experienced investor, this was the kind of asset that doesn’t come up often. But like many property deals, speed was everything.
The client had sufficient equity across multiple properties but faced a common hurdle: banks were slow to react. They’d already waited 10 days with no firm commitment and risked losing the asset to a competing buyer with ready funds.
When they approached us, the brief was simple: “I need $1.2 million tomorrow, or I lose the deal.”
Equity-Based Second Mortgage as a Fast Capital Solution
Secured Lending assessed the investor’s position within hours. They owned a residential asset valued at $3.4 million, with no existing debt. We immediately moved to structure a second mortgage loan against that property to raise the $1.2 million needed for the commercial acquisition.
Why not a first mortgage? Because the urgency didn’t allow for a full refinance or discharge process. A second mortgage offered the fastest path to unlock capital without disrupting the ownership or financial structure of the underlying asset.
We ordered an urgent desktop valuation and had our legal partners prepare mortgage documentation that same day. With all parties aligned, funds were released into the client’s account within 24 hours of application.
This gave them the power to exchange contracts with confidence, secure the commercial site, and begin planning their long-term finance strategy.
When Moving Fast Matters, So Does Who You Call
What does it take to settle a $1.2 million loan in under a day? A team that understands property, values time, and has internal authority to make decisions. At Secured Lending, we don’t outsource approvals or hide behind red tape. We work closely with borrowers to find a pathway that meets both the urgency and the risk profile of each deal.
Second mortgage lending is one of the most under-utilised tools for investors needing short-term working capital. Unlike a refinance, it lets you preserve existing lending arrangements while tapping into your asset base. It’s ideal for:
Bridging finance for time-sensitive purchases
Liquidity for auctions or quick settlements
Accessing capital without credit file impact from major bank reapplications
Who Should Consider a Second Mortgage?
If you’ve ever thought, “How can I quickly use my equity to secure a property without refinancing everything?” a second mortgage could be your answer.
This solution is particularly effective for borrowers who:
Own unencumbered or lightly geared property
Need capital urgently (within 1-5 days)
Are mid-cycle with their bank and don’t want to start again
Require short-term funds for business or property-related opportunities
Our investor used this loan as a strategic bridge. Within six weeks, they arranged a long-term refinance and repaid our facility. The result? No missed opportunity, no lost deposit, and ownership of a cash-flowing commercial asset they would have otherwise missed.
Secured Lending: Speed When It Matters Most
At Secured Lending, we specialise in time-sensitive finance. Whether it’s a second mortgage, caveat loan, or short-term bridging facility, we understand that the right funding at the right time can unlock serious value.
If you or your client are up against the clock, reach out today. We offer tailored short-term lending solutions that work around your assets, not against them. Let’s talk about what we can do for you.
