Quick snapshot
- Loan Overview: At Secured Lending, we provided a $5.7 million blended 1st and 2nd mortgage facility secured against a luxury property in the Eastern Suburbs of NSW and a new purchase
- Problem: The client needed a short-term bridging loan to buy a new home while selling their existing property, but faced delays and inflexible processes with traditional banks
- Borrower Profile: A returning client experienced with property transactions, seeking fast, tailored finance outside the bureaucracy of mainstream lenders
- Solution: We structured a dual mortgage facility that allowed quick access to funds, enabling the client to proceed with their property purchase without delay
- Outcome: The client transitioned seamlessly between properties, avoiding the red tape of traditional banking and securing their new home on time through a flexible, personalised solution
When a client approached us with a pressing settlement timeline, we knew traditional lenders wouldn’t keep pace. Their home in Sydney’s exclusive Eastern Suburbs was under contract, and they had already found their next dream property. But the timing didn’t align—they needed access to funds fast, and the banks weren’t moving.
This wasn’t their first brush with red tape. Despite being an ideal borrower on paper—with substantial equity and clear exit strategy—they were bogged down by slow response times, inflexible policies, and impersonal service. The settlement clock was ticking. That’s when they turned to Secured Lending.
How a Dual Mortgage Strategy Solved the Timing Gap
We immediately assessed the client’s position: high-value real estate, short-term funding need, and a definitive exit plan via the sale of their current property. Within days, we arranged a $5.7 million blended facility, secured by a first mortgage on the new home and a second mortgage on their existing residence.
If you’re wondering, “What is a 1st and 2nd mortgage combination, and why would someone need both?” you’re not alone. In short, a first mortgage gives a lender primary claim over the property in case of default. A second mortgage, while subordinate, allows borrowers to unlock more capital by using equity in a property already under finance. When structured correctly, this layered approach can be a powerful tool for bridging finance.
In this case, the first mortgage sat over the new property, while the second was placed over the soon-to-be-sold home. By spreading security across both assets, we could maximise the loan amount and mitigate risk, all while avoiding unnecessary delays. There was no waiting on valuations or protracted bank committees. Just a solution designed around the client’s reality.
The Difference Between Speed and Missed Opportunity
Timing is everything in the property market, particularly in areas like Sydney’s East where demand moves fast and homes don’t sit unsold for long. The client couldn’t afford to risk losing their new home or delaying the sale of their current one. They needed a lender who could understand the nuances, assess the deal on its merits, and move quickly.
Unlike mainstream banks, which can take weeks or even months to approve and settle complex bridging facilities, we offer a faster route. Within a matter of days, funds were available. Paperwork was kept minimal. The client had direct contact with decision-makers. Most importantly, they felt heard, respected, and supported throughout the process.
When Banks Say No (or Nothing at All), We Say How
The main advantage of short-term business lending through a caveat loan or second mortgage is not just the speed, but the flexibility. We don’t rely on strict serviceability metrics or outdated credit algorithms. We look at asset position, intent, and exit. That mindset can mean the difference between a seamless property upgrade and months of financial limbo.
In this scenario, the blended 1st and 2nd mortgage allowed the client to:
Secure their new property ahead of finalising the sale of the current one
Access a large loan amount without waiting for their existing bank to catch up
Maintain control of the timing around their move and sale
For borrowers with complex scenarios or tight timelines, these solutions are often the only way forward.
Why Secured Lending Makes a Difference
At Secured Lending, we focus solely on short-term business loans, specialising in caveat loans, bridging loans, and first and second mortgages. We know the landscape. We work with urgency. And we tailor every facility to fit the deal—not the other way around.
So if you’re asking yourself, “How can I secure a property before selling my current one without getting stuck in bank bureaucracy?” the answer might be simpler than you think. Give us a call, and we’ll walk you through it.
Reach us on 1300 795 175, via email at info@securedlending.com.au, or visit securedlending.com.au to explore more case studies and solutions.
