If you’re considering a secured loan for refinancing existing debt, you’re not alone. Many business owners and investors reach a point where consolidating or restructuring their current loans makes sense—whether it’s to improve cash flow, reduce interest costs, or simply gain more breathing room. Over the years, we’ve advised and assisted borrowers with refinancing existing debt, helping them move quickly and confidently when timing and certainty matter most. Secured Lending can help you move fast with a secured loan for refinancing existing debt. Assess your scenario today.
Why Use a Secured Loan for Refinancing Existing Debt?
A secured loan is a straightforward way to refinance existing debt. By leveraging your residential or commercial property as collateral, you can access larger loan amounts, lower interest rates, and more flexible terms than unsecured options. This approach is especially useful if you’re managing multiple repayments, facing an urgent settlement, or need to unlock equity for new opportunities.
- Fast access to funds: With the right lender, you can secure funding within 24 hours, allowing you to act quickly on time-sensitive needs.
- Same day settlement: If you’re up against a tight deadline—such as a property settlement or business acquisition—a secured loan can provide same day settlement.
- Lower interest rates: Secured business loans typically offer more competitive rates than unsecured loans, reducing your overall cost of borrowing.
- Simplified repayments: Consolidating multiple debts into one loan streamlines your finances and can improve cash flow.
- Flexible terms: You can structure the loan to suit your business cycle, whether you need a short-term bridging solution or a longer-term facility.
How Secured Lending Supports Fast Refinancing
Secured Lending specialises in urgent, short-term lending solutions. We understand that when you’re refinancing existing debt, speed and certainty are critical. Our team reviews your scenario, structures the right facility, and coordinates with your existing lenders to ensure a smooth transition.
We’ve facilitated over $500 million in loans for urgent settlement needs, including business bridging loans, second mortgages, and caveat loans. Our process is direct and transparent—no unnecessary paperwork, no drawn-out approvals. You get a clear answer, fast.
Bridging Loans: A Practical Solution for Refinancing
Bridging loans are a popular tool for refinancing existing debt, especially when you need to cover a gap between selling one asset and acquiring another. For example, if you’re waiting on a property sale to settle but need to pay out an existing lender now, a bridging loan can provide the funds you need—often with same day settlement.
This type of secured business loan is designed for short-term use, typically three to twelve months. It gives you the flexibility to manage cash flow, meet urgent settlement deadlines, and avoid costly penalties from your current lender. Once your sale or refinance is complete, you simply repay the bridging loan.
The Role of a Private Lender
Working with a Private Lender in Australia can make all the difference when refinancing existing debt. As a non-bank commercial lender, Secured Lending operates nationwide—servicing Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, and Canberra. We’re a non-bank lender, which means we’re not bound by the same rigid criteria as traditional banks.
This flexibility allows us to assess your scenario on its merits, move quickly, and provide funding within 24 hours when required. We focus on the value of your property security and your exit strategy, not just your credit score or trading history. This approach is particularly valuable for borrowers who need urgent settlement or have complex financial structures.
Second Mortgages and Secured Business Loans
If you already have a mortgage on your property, a second mortgage can be an effective way to refinance existing debt without disturbing your primary loan. This option allows you to access additional funds secured against your property, often at a lower rate than unsecured alternatives.
Secured business loans are also a practical choice for refinancing. By using your property as collateral, you can consolidate business debts, pay out ATO obligations, or fund growth initiatives—all with the certainty of a fixed repayment schedule.
Real-World Scenarios
- Cash flow gaps: You have several short-term business loans with high repayments. Refinancing into a single secured loan reduces your monthly outgoings and frees up working capital.
- Settlement deadlines: You need to pay out an existing lender to settle on a new property. A bridging loan provides same day settlement, avoiding costly delays.
- Stock purchases or renovations: You want to unlock equity in your property to invest in new stock or upgrade your premises. A secured business loan gives you the funds you need, fast.
- ATO debts: You’re under pressure to pay out a tax debt. Refinancing with a secured loan can clear the ATO and protect your business from further action.
How We Can Help
Secured Lending has provided strategic lending advice for refinancing existing debt in the past, and we’re ready to help you assess your scenario. Our team reviews your needs, structures the right facility, and coordinates with your current lenders to ensure a seamless process. We specialise in urgent short-term loans, including bridging finance, second mortgages, and caveat loans.
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.
FAQs
1. What types of property can I use as security for refinancing existing debt?
You can use residential or commercial property as collateral. We do not accept other asset types such as vehicles or equipment.
2. How quickly can I access funds for refinancing?
With Secured Lending, you can receive funding within 24 hours, and in some cases, same day settlement is possible.
3. Can I refinance multiple debts into one secured loan?
Yes, consolidating multiple loans into a single secured facility is a common and effective strategy to simplify repayments and improve cash flow.
4. What if I already have a mortgage on my property?
A second mortgage can be arranged, allowing you to access additional funds without disturbing your primary loan.
5. Do you operate outside major cities?
Yes, as a private lender in Australia, we operate Australia wide, including Sydney, Adelaide, Melbourne, Brisbane, Perth, Gold Coast, and Canberra.
