When timing matters, a second mortgage loan for Refinance bridge can keep your plans on track. At Secured Lending, we’ve advised and assisted borrowers using this Refinance bridge to cover the gap between today’s obligation and tomorrow’s senior refinance. We have facilitated over 200 strategic second mortgages, and we can help you move fast. If your files are ready, we can target same day settlement with funding within 24 hours for an urgent settlement. Assess your scenario today.
What is a Refinance Bridge Second Mortgage?
A second mortgage sits behind your primary bank loan. You use it as short-term capital while your senior debt refinance completes. Think of it as a purpose-built bridge: it covers the immediate need without interrupting the refinance that is already in motion. Once the refinance settles, the second mortgage is cleared.
Why Use a Second Mortgage for the Refinance Bridge?
- Speed and certainty: Secure funds quickly when settlement timing is tight, instead of waiting on bank processes.
- Keep momentum: Proceed with a purchase, refinance payout, renovation, or business opportunity while your bank finalises approvals.
- Protect relationships: Meet dates you have agreed to with sellers, partners, or contractors, avoiding last‑minute extensions.
- Preserve strategy: No need to restart your senior refinance; the bridge complements it.
- Flexible repayment: Interest can often be capitalised until the refinance completes, reducing cash strain.
- Fit for business: It can fund secured business loan needs like stock, equipment, or tax clearance linked to a property transaction.
Real Situations We Solve
- Contracted purchase settling before the bank’s refinance timeline.
- Short construction completion needed prior to bank valuation.
- Paying out a caveat or small balance to enable refinance release.
- Managing GST or tax obligations tied to a property deal.
- Bridging loans for developers finalising presales before bank drawdown.
- Emergency timing issues where missing a date would be costly.
How We Structure the Bridge Alongside Your Bank
- Review your refinance status, security position, and exit strategy.
- Coordinate with your bank or broker to align milestones and consents.
- Confirm the second mortgage registration or, where appropriate, an interim caveat while consents are obtained.
- Arrange documents, valuation instructions if required, and settlement booking.
- Keep it simple: short terms, clear fees, and a defined exit on senior refinance.
Costs, Limits, and Terms at a Glance
- Interest rate of 11.95% (subject to assessment and loan structure).
- Transparent fees and no hidden surprises.
- Loan sizes tailored to equity and exit; you can borrow up to $10 million depending on security and position.
- Short terms that match your refinance timeline, not the other way around.
Private lender, Australia-wide Coverage
Secured Lending is a private lender and non-bank lender operating across Australia: Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, Canberra. Because we make credit decisions in-house, we move quickly, coordinate stakeholders, and keep communication clear. If your scenario is urgent, we prioritise documentation, searches, and settlement booking so you can proceed with confidence.
Security We Accept
You can leverage residential or commercial property as collateral/security. We don’t accept other obscure assets as collateral. The focus is simple: quality real property with enough equity and a clear exit via your senior refinance.
Timelines You Can Plan Around
- Indicative terms the same day, often within hours.
- Same day settlement where titles and consents are ready; funding within 24 hours is common for straightforward files.
- We coordinate directly with conveyancers, brokers, and the first mortgagee to keep steps aligned and reduce back-and-forth.
What to Prepare to Help Us Help You
- Summary of your refinance status, including conditional approval and target settlement date.
- Details of all mortgages, caveats, and current payout figures.
- A straightforward exit plan showing how and when the bridge will be cleared.
- For secured business loans use, a brief note of the business purpose helps us structure drawdown.
How We Can Help
You want options that are practical, timely, and low-friction. That’s our lane. Secured Lending focuses on short-term bridging loans behind a primary facility, especially when you need an urgent, time-bound solution. We’ve assisted many borrowers through this Refinance bridge by designing second mortgage funding that respects the senior lender’s process while removing immediate pressure. Our team handles the detail: we review, structure, coordinate, confirm consents, and arrange settlement so you can keep moving. 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. Our team specialises in urgent short term loans solutions such as bridging finance, second mortgages, and caveat loans.
FAQs
Will a second mortgage affect my senior refinance approval?
We structure the bridge to align with your bank’s process, disclose it appropriately, and document the exit so the second mortgage is repaid at refinance settlement.
Do you need consent from my first mortgagee?
Typically yes for registration. We coordinate consents and, where appropriate, can use a caveat as an interim step while final consent is obtained.
How fast can you settle?
With information ready and consents in place, we can achieve same day settlement, with funding within 24 hours for urgent settlement needs.
What can the funds be used for?
Settlement shortfalls, payout figures, construction completion, tax or GST obligations related to property, or time-sensitive secured business loans needs linked to your refinance.
What if timelines shift and the refinance is delayed?
We stay close to your milestones and can review extensions where reasonable so the second mortgage remains aligned to your updated refinance date.
We have provided strategic lending advice for this in the past, and can help assess your scenario.
