Your lending facility should support where your business is going next, not where it was. If you need a second mortgage loan for a facility reset, Secured Lending can help you realign terms, covenants, and timing without disturbing your first mortgage. We’ve advised and assisted borrowers with this facility reset many times, and have facilitated over 200 strategic second mortgages. When timing matters, we move fast, including same day settlement and funding within 24 hours where documentation and valuations are ready. If you’re facing an urgent settlement, a second mortgage can be the practical bridge to reset your lending structure and keep momentum. Assess your scenario today.
Why Use a Second Mortgage to Reset Legacy or Misaligned Structures
A facility reset through a second mortgage is about control and continuity. You keep your existing first mortgage in place, and add a targeted top-up secured against available equity to fix what’s no longer fit-for-purpose.
Key Benefits You Can Expect
- Speed and certainty: Move quickly on urgent and emergency timelines without refinancing your entire stack.
- Keep your bank relationship: Maintain your primary lender while you resolve covenants, restructure amortisation, or remove personal guarantees.
- Align repayments to cash flow: Shift to interest-only for a period, or reset terms to better match seasonal or project-based income.
- Reduce friction: Avoid re-papering your first mortgage. Use the second mortgage to clear arrears, settle ATO obligations, or tidy up cross-collateralisation.
- Unlock equity for strategic uses: Fund stock purchases, equipment upgrades, renovations, or working capital while you reposition the business.
- Manage risk: Ring-fence the reset to a specific property or entity and keep your broader facilities stable.
When a Second Mortgage Facility Reset Is Useful
- Your facility matured and the roll-over terms no longer reflect the current business profile.
- Your bank relationship is sound, but the internal credit appetite changed and the covenants are now tight.
- You need time to complete a sale, refinance, or restructure—bridging loans via a second mortgage can provide that runway.
- You want to pay out legacy creditors or tidy a director’s loan without disturbing the first mortgage.
- You see a time-sensitive opportunity and require additional headroom now, with a planned takeout later.
How a Second Mortgage Facility Reset Works: Step by Step
- Review: We check your existing facility letter, security position, and equity across residential or commercial property.
- Structure: We align amount, term, and repayment method to your goals—usually interest-only during the reset.
- Coordinate: We obtain required consents, confirm priority, and arrange docs and valuation in parallel to save time.
- Confirm: We finalise pricing, fees, and exit plan so you know exactly how the reset will be repaid.
- Settle: On approval, we can arrange an urgent settlement with funding within 24 hours where files are complete.
Typical Parameters and Timelines
As a non-bank private lender, we offer practical terms:
- An interest rate of 11.95% subject to scenario, risk, and security.
- You can borrow up to $10 million depending on equity and serviceability.
- We handle secured business loans only. Security must be residential or commercial property you own. We don’t accept other obscure assets as collateral.
- With clean files, same day settlement is possible for straightforward second mortgage scenarios.
Private Lender, Australia Wide
We are a private lender in Australia and operate Australia wide: Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, Canberra. As a non-bank lender, we’re built for fast, practical decisions—no committee delays, no generic credit boxes. You deal with specialists who understand time-sensitive settlements, restructures, and exits, and who can move from term sheet to settlement with minimal friction.
Why Borrowers Choose Us for a Facility Reset
- Calm execution: We focus on the reset you need now, and the exit that gets you back to your preferred structure later.
- Transparent approach: Clear terms, realistic timelines, and no surprises.
- Coordinated with your advisers: We work with your accountant, lawyer, and existing lender so information flows and the process stays on track.
- Optionality: Use the second mortgage to stabilise, then refinance to long-term bank debt when ready.
How We Can Help
If your current lending no longer matches your strategy, we’ll help you review it and reset it—without derailing operations or relationships. We’ll recommend a second mortgage structure that clears pressure points, funds the practical tasks in front of you, and preserves options for the next step. Our team has provided strategic lending advice for facility resets in the past and can assess your scenario quickly. Secured Lending is a short-term, outcomes-focused partner that helps you act decisively and keep control of your timeline.
Secured Lending is a short‑term lending solution you can rely on. When you’re ready, our team is here to help you move quickly and confidently. We specialise in urgent short term loan solutions such as bridging loans, second mortgage facilities, and caveat loans.
FAQs
Can I keep my first mortgage in place?
Yes. A second mortgage sits behind your first mortgage and targets the specific needs of your facility reset.
What properties can I use as security?
Residential or commercial property you own. We do not accept other obscure assets as collateral.
How quickly can you settle?
With complete documents and valuation, we can achieve same day settlement and funding within 24 hours for urgent settlement needs.
What loan sizes and pricing are typical?
Depending on equity and scenario, you can borrow up to $10 million with an interest rate of 11.95% (subject to assessment).
What’s the exit strategy?
Common exits include refinance to bank debt after the reset, asset sale, or business cash flow once the restructure delivers expected results. We’ll structure to your planned exit.
