Summary:
Location: Cronulla, NSW
Loan Type: First and second mortgage
Loan Amount: $3.5 million total
Problem: Major bank failed to meet funding deadline for time-sensitive property deal
Solution: Secured Lending delivered $2.5M first mortgage and $1M second mortgage in record time to secure property and unlock equity
A seasoned property investor came close to missing a rare acquisition in Cronulla due to a big four bank’s delayed approval process. The target property was under contract with a strict settlement timeline, and the client’s existing lender couldn’t provide certainty, much less funding, within the required time frame.
The investor had already committed to the transaction and risked losing a significant deposit and the property itself. They needed an immediate solution that didn’t just offer funding, but did so with certainty and clarity. They were looking at an opportunity that wouldn’t wait for red tape.
We stepped in when they needed action, not excuses.
Structuring a Dual Mortgage Solution to Unlock Opportunity
Secured Lending designed a customised $3.5 million lending package, made up of a $2.5 million first mortgage secured against the Cronulla property itself, and a $1 million second mortgage secured against the client’s existing duplex in a nearby suburb.
The first mortgage allowed the client to settle the new Cronulla acquisition on time, without delay. This primary facility was structured to offer short-term interest-only repayments, allowing breathing room while they worked through longer-term financing options. Because of our team’s streamlined due diligence and strong grasp of property-based lending, approval and funding took just days—not weeks.
But what made this solution particularly effective was the second mortgage.
With a luxury duplex already held unencumbered, we assessed the available equity and quickly moved to release $1 million through a second mortgage. That cash injection gave the client liquidity not just to cover stamp duty and closing costs, but to begin works on upgrading the new property for higher yield potential.
We coordinated the valuations, legal documents, and mortgage registrations across two securities simultaneously—one for the acquisition, the other for equity release—ensuring seamless execution. The speed of execution meant the client could meet their settlement deadline and turn their attention to maximising return from the asset.
When Major Banks Stall, Secured Lending Moves
Our client had already experienced frustration with a major bank—weeks of back and forth, documents sent and re-sent, multiple touchpoints with no real progress. When they came to us, they were candid: “I don’t have time for another delay. Either we get this done this week or it’s over.”
At Secured Lending, we specialise in situations exactly like this. With no red tape, no unnecessary credit policy hurdles, and full internal control over approvals, we delivered certainty where others offered excuses. And importantly, we made it happen within their timeline.
This wasn’t a standard transaction. It involved two simultaneous loans, cross-collateralisation, complex asset structuring, and a fast settlement deadline. But for us, it’s what we do every day.
Why Use a First and Second Mortgage Together?
Some borrowers ask: When should you use a second mortgage alongside a first?
The answer lies in flexibility. A first mortgage secures the acquisition. A second mortgage unlocks liquidity from other assets without having to refinance or disturb existing loan arrangements. Used together, they form a powerful structure that enables borrowers to act fast on time-sensitive opportunities, while keeping longer-term strategy intact.
In this case, our client’s ability to leverage both tools meant they not only acquired a blue-chip asset, but gained capital to reinvest, refurbish, and increase return without waiting for a refinance. It’s a strategy that suits borrowers who are asset rich but need fast-moving capital solutions.
How Secured Lending Helps You Move When Others Can’t
We specialise in short-term business and investment loans—particularly caveat loans, bridging loans, and first and second mortgages. When timing matters, we offer solutions that banks simply can’t match. Our team understands property, speed, and structuring. More importantly, we understand you.
If you’re facing tight timeframes, property settlement stress, or stuck equity, we offer a way forward. Let’s talk about how Secured Lending can help.
