Private Lender in Melbourne

Yes. Our in-house valuation team values the warehouse property itself and does not rely on the other bank's valuation, so the amount we can lend may be higher or lower than that bank's figure. Our loan must fit inside 70% of our valuation. Send us the default notice, the bank's written payout figure, the other bank's valuation report if you have it, and the date the notice period ends. We can give you terms within hours of receiving the details, subject to our valuation.

• →Refinancing a lender that has issued a default notice

It can. Under the Law Institute of Victoria and Real Estate Institute of Victoria contract, time is of the essence and the buyer pays interest on the unpaid balance at the penalty interest rate, which the Supreme Court of Victoria has listed at 10% p.a. since 1 February 2017. On an unpaid balance of $1,200,000 that is about $329 a day, and a contract signed on an edition earlier than September 2025 may add a further 2 percentage points. We can pay the funds within 24 hours of a signed letter of offer, so call us as soon as the bank gives you its new date. Our loan is then repaid when the bank funds, and your solicitor can confirm what your own contract says.

• →Bank finance fell through

Yes, if you call us early in the 14 days. Under the Law Institute of Victoria and Real Estate Institute of Victoria contract, the default notice gives you 14 days to fix the default and pay the vendor's reasonable costs and the interest before the vendor can end the contract. We aim to give you an indicative offer the day you call, our own valuer values the property, and we can pay the funds within 24 hours of the signed letter of offer. Send us the contract, the notice and the amount you are short on the first call, and ask your solicitor to confirm the last day under your notice.

• →Settlement shortfall loans

Yes. A Prahran pub operator was in that position: the bank had issued a letter of offer but could not fund in time. We settled a $1,150,000 first mortgage over an investment property in 4 business days, at about 58% of its value, and the loan was repaid in full when the bank refinance completed in the second month. The loan funds are paid to the business, which then pays the ATO. Send us the bank's letter of offer with your enquiry, because it shows us how and when our loan will be repaid.

• →$1.15M ATO debt paid in Prahran in 4 business days

Yes. We lent to a Melbourne business in that position: its two directors jointly owned the commercial suite it operated from and an investment property, and a second registered mortgage over both released $500,000. The business used the funds to repay the ATO in full and keep some working capital. The company is the borrower, the two properties secure the loan, and the existing mortgages plus ours can be up to 70% of their combined value. Ask your accountant to confirm the company is solvent before it borrows, because a liquidator can recover a payment made while a company is insolvent.

• →$500K second mortgage that paid an ATO debt in Melbourne

They can. On the building itself we lend up to 70% of the lower of our valuation and the price, which is up to $980,000 on $1,400,000, and a second mortgage over a home can cover the remaining $420,000 and your purchase costs. A home worth $1,500,000 with $500,000 owing has room for up to $550,000 inside our 70% limit. A doggy daycare business in this position bought its own premises with a $1,900,000 first and second mortgage across three properties in Brighton, Endeavour Hills and Braeside, settled in 5 business days.

• →$1.9M commercial property purchase in 5 business days

Up to about $1,260,000, which is 70% of $1,800,000. As the factory unit has no mortgage, ours would be a first mortgage, with rates from 9.7% p.a. The security is the factory property, never the order or the invoice. Tell us when the customer is due to pay, and we set the term to finish after that date so a late payment does not leave the loan overdue.

• →Working capital loans

Yes. We lend into Geelong and down the Mornington Peninsula as readily as across the Melbourne metro, and our own valuer values the house by inspection or as a desktop valuation. Choose a term longer than the three months the bank expects. Our terms run from 1 to 24 months, so a refinance that takes longer than planned does not leave the loan overdue. Send us the bank's approval, or the stage the application has reached, with your enquiry.

• →Bridging loans

Yes. A dental practice in Plenty did this with a $300,000 second mortgage, settled in 5 business days, for working capital and to repay existing business debts until a bank refinance within 12 months. Second mortgage rates start from 11.95% p.a., and your current mortgage and ours together can be up to 70% of the home's value. We set the term to end after the refinance date you expect.

• →$300K dental practice loan in Plenty

Yes, on those figures. Our limit is 70% of the value across both mortgages, which is $2,800,000 on a $4,000,000 home, and the $1,200,000 already owing leaves room for up to $1,600,000. A $1,500,000 second mortgage takes the total to $2,700,000, about 67.5% of the value, so our valuation needs to come in at about $3,860,000 or more for it to fit. The company is the borrower and the home secures the loan, with second mortgage rates from 11.95% p.a.

• →Second mortgage loans

Yes. We value the warehouse with our own valuer and lend up to 70% of the lower of our valuation and the price, so on a $2,500,000 purchase that is up to $1,750,000, and the other $750,000 comes from your own funds or a second property. We can pay the funds within 24 hours of the signed letter of offer. The security is the warehouse property, never the trucks. Our loan is repaid when the bank completes its approval and refinances it.

• →Industrial property purchase loans

Yes. Melbourne businesses with a tight pay run use property-secured funding to pay super within the 7 business day window, so no Superannuation Guarantee Charge is triggered. If a charge has already been assessed, the same facility can clear it. See our payday super finance for how this works.

Yes, often. A large share of our Melbourne borrowers reach us after a bank has said no or gone quiet, 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, so a deal a bank would not touch is frequently a clear yes for us, with funds available within 24 hours on a clean file.

On a clean file we can give you a yes or no within hours, issue a letter of offer, value the security with our own team, and settle within 24 hours. The speed comes from lending our own funds, so there is no outside credit committee sitting between you and settlement.

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.

We lend up to 70% of value on most residential and commercial security. Loans start from $250,000, with larger loans assessed case by case, over 1 to 24 months. Vacant land, development sites, and second mortgages are assessed on their own merits, with our own valuers setting the figure.

Yes. Many Melbourne operators hold property and trade through companies, trusts, and self-managed super funds, and that is no obstacle for us. We focus on the asset offered and the repayment plan rather than the structure around it.

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 taking first and second registered mortgages over Melbourne property, funded from our own capital for business purposes only. Facilities start from $250,000, and a clean file can be settled within 24 hours.

Yes. Melbourne is one part of a national book. Our Private Lender Australia overview maps our full reach, and we keep dedicated guides for Sydney and Brisbane.

Not the ceiling. We lend to a maximum of 70% of value on Melbourne security whatever your file looks like, from $250,000 over 1 to 24 months. What we weigh most is the property and a documented exit, so a poor credit file is not, on its own, the reason a loan is declined.

Yes, depending on your scenario. We lend on the property, so settlement can follow within 24 hours of a signed letter of offer. We also cover shortfalls and off-the-plan settlements.

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