Private Lender in the Eastern Suburbs

Yes. Your company is the borrower, and your house in Rose Bay is the property that secures the loan, within 70% of its value. Our loan repays the bank at settlement, and the bank is then asked to release both its mortgage over your house and its security over the company. Ask the bank for a written payout figure and a list of every security it holds, and have your solicitor check that list before settlement. Send us the payout figure and your plan for repaying us, such as a sale or a bank refinance after a better trading year.

• →First mortgage finance

By a plan that does not depend on the business earning in the next few months. That is usually a refinance to a bank once the business is established, or the sale of a property, and we set the term to match it. In Maroubra we lent $700,000 on a first mortgage to fund a new technology business with no trading history, settled in 72 hours, with a bank refinance as the repayment plan. The apartment needs to be worth at least about $857,000, after any existing mortgage, to support $600,000 within our 70% limit.

• →$700,000 for a technology start-up in Maroubra

Tell your lender now, before the term ends. On one of our Eastern Suburbs loans, a $400,000 second mortgage, the incoming lender's refinance was delayed through no fault of the borrower, and we extended the term so the refinance could finish. The loan was then repaid in full. Any extension is agreed case by case. Send the incoming lender's name and its expected settlement date, so the new date is based on facts.

• →$400,000 second mortgage extended and repaid

Yes, as part of a larger loan. Our minimum loan is $250,000, so the $180,000 tax debt alone is below it, but one loan can cover the tax debt and the working capital the business also needs. For a café in Paddington with a $180,000 tax debt we lent $450,000 against its commercial property, valued at $1.2 million, which cleared the ATO debt and gave it working capital. The loan funds are paid to the business, which pays the ATO. Before it borrows, ask your accountant whether the business can pay its debts, because a payment made while it is insolvent can be recovered by a liquidator.

• →Caveat loan for a Paddington café

Yes. A block of units on one title is one residential property, so it can secure one loan. To borrow $1.5 million, the block needs to be worth at least about $2.15 million after any mortgage already on it, because all loans must stay within 70% of its value. Tell us what is owed on the block and the price and settlement date of the property you are buying, and we can confirm the amount.

• →First mortgage finance

No. $10 million is not our maximum, and we can lend more. 70% of $18 million is $12.6 million, so a $12 million loan to the company, secured by your home, sits inside our 70% limit. On a loan this size we need to understand the scenario fully, so send us the acquisition details, the home's address and how the loan will be repaid.

• →$10 million loans

Yes. A short loan secured by property you own can pay the supplier now, and the refinance repays us when it settles. We set the term to the date the new bank expects to settle. Send us the name of the incoming lender, how far its approval has gone, and the address of the property offered as security. The loan funds are paid to the business, which pays the supplier.

• →Bridging loans

No. 70% of $700,000 is $490,000, and with $300,000 owing to the bank, that leaves room for about $190,000, below our $250,000 minimum. If you own a second property, or a business partner owns one, adding it as security can lift the total above $250,000. Tell us what else is available and we can do the arithmetic with you.

Either works. A first mortgage starts from 9.7% p.a., and our loan repays the $200,000 bank loan as part of the amount you borrow. A second mortgage starts from 11.95% p.a. and leaves the bank loan in place. The choice usually turns on whether you want to keep the bank loan, for example for its rate or its term. Both options are limited to 70% of the house's value across all loans.

• →First mortgage finance

Yes, where the trustee is a company. The company borrows as trustee of the existing trust to buy a commercial property for the trust's business, and the house the trust already owns can secure the loan. On a house worth $3 million with no mortgage, the trustee company could borrow up to $2.1 million against it. Tell us the trust's name and its trustee when you send the purchase contract. Your accountant or solicitor should confirm that the trust deed allows the borrowing.

No. Our loans are for business purposes, not for personal or home loans, so a renovation of the home you live in cannot be funded by our loan. The business part can be, secured by the same home. For the renovation, speak to a bank or a mortgage broker. Tell us the business amount and what it is for, and we can work out what the home supports within our 70% limit.

• →Secured business loans

Yes. Payroll in the Eastern Suburbs can be tight in the week super falls due, and missing the 7 business day window turns unpaid super into a Superannuation Guarantee Charge owed to the ATO. We provide fast, property-secured payday super finance so the payment lands on time.

Rates start from 9.7% p.a. and are priced to the term, the security, and the risk of the individual deal. Every cost, including any establishment fee, is set out in the letter of offer before you commit, with nothing hidden.

Often, yes. A good share of our Eastern Suburbs borrowers come to us after a bank has gone quiet or said no, usually because their income is lumpy, self-employed, or held through a company or trust. We assess the property you can offer as security and your plan to repay, not a serviceability score, and on a clean file we can fund within 24 hours.

Yes. Many Eastern Suburbs investors hold premium property through companies, trusts, and self-managed super funds, and that is no obstacle for us. We assess the asset offered and the repayment plan rather than the structure around it, and we work through the detail with your accountant or solicitor so the security and the borrowing entity line up cleanly.

We lend up to 70% of value on most residential and commercial security. On premium, easily sold homes across the Eastern Suburbs the figure is decided case by case within that ceiling. Loans start from $250,000, and our own valuers set the figure against current local sales rather than an outsourced desktop estimate.

Yes. Releasing equity from a home or investment property to fund the next purchase is one of the most common reasons people here call us. If you hold an Eastern Suburbs property with room beneath any existing loan, we can lend against that equity to bridge a settlement or move on an acquisition, provided the purpose is business and there is a clear exit.

No. We lend for business purposes only, to companies, not to individuals, and never for personal home loans or consumer credit. The loan must be for a genuine business purpose and secured by property.

Yes. We are a private mortgage lender and take a registered first or second mortgage over Eastern Suburbs property, lending only for business purposes. Loans start from $250,000, and on a clean file we can fund within 24 hours.

Yes. The Eastern Suburbs is one part of our Sydney book. Our main Sydney guide covers the wider metro area, our Private Lender Australia overview sets out our national reach, and our North Sydney guide covers the harbour north side.

Yes, for a business purpose. We need to see the discharge, understand what the funds are for, and be satisfied the exit is real. The Eastern Suburbs property still has to carry the loan inside 70% LVR. An undischarged bankruptcy is a different matter, and we cannot lend into one.

Yes, for business purposes. A high-value property can take longer to value, so send the contract early.

• →urgent finance