Quick snapshot:
Loan Type:Second Mortgage Loan
Loan Amount: $500,000
Security: Two residential properties in Western Australia
Problem: Urgent capital needed to meet time-sensitive contractual obligations
Solution: Second mortgage loan to access equity without disrupting primary mortgage
Contract opportunities don’t wait for bank approvals. One Western Australian client learned this the hard way when they faced a critical deadline to deliver on a profitable project—but lacked the cash flow to meet supplier payments and fulfil the contract. Time was running out, and traditional lenders couldn’t move fast enough.
It wasn’t about poor planning. The client had done the hard work—secured a lucrative agreement, arranged logistics, lined up suppliers. But delays in receivables and a stretched credit facility left them stuck. Missing the contract milestone wasn’t an option; it would have damaged their business reputation and forfeited a significant financial gain.
$500,000 Secured in Days Using Equity in Two Residential Properties
When the client approached Secured Lending, they were already under pressure. We immediately reviewed their situation and identified a path forward: a second mortgage loan secured against two residential properties in Western Australia.
Second mortgages are a practical short-term solution when capital is needed urgently and a primary mortgage is already in place. They allow you to leverage the unused equity in your property without disturbing the first mortgage or going through lengthy bank reassessments.
We assessed the properties, structured the loan, and issued terms within 24 hours. The $500,000 loan was funded in a matter of days. This injection of capital enabled the client to:
Pay critical supplier invoices
Maintain good standing with their contract partner
Deliver the project within scope and on schedule
Meeting Obligations, Preserving Relationships
With the funding in hand, the client completed their obligations without disruption. No contracts were lost. No penalties incurred. Their supplier relationships remained intact, and the opportunity was successfully delivered.
This is a textbook case of how a well-structured second mortgage loan can act as a bridge—not just financially, but operationally. It empowered the client to protect their reputation and revenue at a moment when traditional funding options had stalled.
Repayment Achieved Without Compromising the First Mortgage
Once the contract was fulfilled and revenue started flowing in, the client prioritised repaying the second mortgage in full. The transaction was closed efficiently, with no interference to their existing first mortgage, and no long-term financial strain.
At Secured Lending, we don’t just fund deals—we guide our clients through urgent and complex challenges. This outcome was only possible because of:
Swift assessment and execution
Deep understanding of property-secured lending
Transparent terms and exit strategy planning
Partner With Secured Lending for Urgent Business Finance
We specialise in short-term, asset-backed loans for business owners who need to move quickly. Whether it’s a second mortgage, caveat loan, or bridging finance, we tailor our lending to your needs—not the other way around.
If you or your client are facing a financial hurdle and need to unlock capital fast, we’re ready to help. Contact Secured Lending on 1300 795 175, email info@securedlending.com.au, or visit our website.
