We’ve been busy this month expanding our range of low-cost short-term lending solutions. Whether you’re managing cash flow or facing a time-sensitive settlement, our latest products are purpose-designed to help your business move quickly—without the bank delays.
1. Short-Term Second Mortgages
Our Low Cost Second Mortgage Bridging Loan is built for borrowers and brokers who need fast access to funds. Perfect for settlements, tax bills, or refinance delays, this product offers flexible short-term funding with fast assessment and settlement.
Key features:
- Loan terms from 1 to 3 months
- Second mortgage only, up to 65% LVR
- Borrow up to $2,000,000
- Quick turnaround — approval and settlement within days
It’s a straightforward way to bridge a short-term gap, without being locked into long commitments. Remember, an exit strategy is essential — this is a short-term solution designed to help you move fast, not stay long.
2. Business Line of Credit (BLOC)
We’ve also launched our new Short-Term Business Line of Credit, a revolving facility secured by a second mortgage. It’s ideal for business owners who need flexibility to draw funds as required — pay only for what you use.
Key features:
- Revolving Flexibility: Functions as a true line of credit, allowing you to draw down, repay, and redraw within the term, optimizing your use of capital.
- Short Terms: Available for terms from 6 to 12 months only.
- Security: Secured by a Second Mortgage only, with a maximum LVR of 70%.
- Draw Limits: Access capital up to $2,000,000.
- Speed: Fast assessment and settlement to meet critical deadlines
Fees:
- Loan Processing Fee – 2.2%
- Brokerage Fee – 2.2%
- Loan Management Fee – 0.188% per month.
- Line Fee on Limit 1%
- Legals – at costs (circa $4,400).
This facility gives businesses true short-term flexibility without the burden of long-term debt.
Ready to Discuss a Scenario?
We’re seeing strong borrowers held up by bank delays or refinance bottlenecks — and that’s exactly why these products exist. Whether you’re a broker managing time-critical scenarios or a borrower needing quick access to capital, we’re ready to help.
Get in touch with our lending team today to discuss your scenario and see how we can move fast for you.
