Second Mortgage Experts. Urgent $3M funded in 48 hours
Summary:
- Loan Overview: At Secured Lending, we funded a $3 million second mortgage within 48 hours, involving over 93 securities
- Problem: The original lender failed to meet timelines and shifted conditions, placing multiple parties at risk just days before settlement
- Borrower Profile: A referral client urgently needing reliable funding with minimal time to secure an alternative solution
- Solution: We stepped in at the 11th hour and used our in-house capital to deliver a fast, flexible second mortgage facility without external delays
- Outcome: The deal was saved, settlement was completed on time, and all involved parties were able to move forward without disruption
One of our referrers came to us needing to fund a deal within 48 hours involving over 93 securities. The urgency occurred because the previous funder kept moving the goal posts.
There was a lot riding on this settlement for many parties and we were called in at the 11th hour to save the deal.
Advantages of Quick Turnaround for 2nd Mortgages:
- Speeds up the access to funds
- Minimises time-consuming paperwork
- Offers a flexible and convenient solution
- Allows for quick decision-making and financial planning
Most lenders are simply conduits for other people’s money. That introduces more and more variables. When Secured Lending says we are funding you, then you are talking to the money and can rely on our yes. No surprises.
Check out our Second Mortgage product and urgent business loans if you require any more information, or alternatively, contact us at 1300 795 175 or email info@securedlending.com.a
