Private Lender in Parramatta

It can, where the payout figure fits inside 70% of the shops' value. Our loan repays the lender in full at settlement, and the term, up to 24 months, is set around your plan for repaying us. Ask the lender for a written payout figure that includes the receiver's costs, and ask for a statement of the rents the receiver has collected and how they were applied, so your solicitor can check it against the payout figure. We do not give insolvency advice, so what the repayment means for the receiver's appointment is a question for insolvency specialists, and we can connect you with insolvency specialists in our network.

• →Refinancing a lender that has appointed a receiver

It can. We lend up to $840,000 against the rooms, which is 70% of the lower of our valuation and the $1.2 million price. The other $360,000, plus stamp duty and purchase costs, can be secured by one of your homes as additional security, provided total borrowing stays within 70% of the combined value. The practice is the borrower. For a purchase like this, the usual repayment plan is a bank refinance once the bank has approved it.

• →Medical and dental practice loans

It is if our valuer puts it at about $857,000 or more. To lend $600,000 within our 70% limit, the unit needs to be valued at $600,000 divided by 0.7, which is about $857,000. With no loan on the unit, we take a first mortgage, with rates from 9.7% p.a. Tell us how the loan will be repaid, for example a bank loan once the company owns its share, because we agree the repayment plan before settlement.

• →First mortgage finance

We can, if the loan fits our limits. Under the standard New South Wales contract, the deposit is 10% of the price unless the contract says otherwise, so if the vendor ends the contract after a notice to complete, it may keep what you paid and pursue you for the other 5%. Our valuer values the suite, the loan can settle within 24 hours of a signed letter of offer, and it is then repaid when your bank's approval comes through. Have your solicitor confirm the deposit terms in your contract.

• →Commercial property purchase loans

The full balance on the day the business pays, not the figure on the statement. General interest charge is calculated daily, so the debt keeps growing between the statement date and settlement. Ask your tax agent or the ATO for a payout figure close to the settlement date, and borrow enough to cover it. The loan funds are paid to the business, which then pays the ATO.

• →ATO debt loans

Yes. Property held in a company can secure a loan, and here the trading company would be the borrower and receive the funds. The property company gives a mortgage over the unit as security for that loan. Tell us about any existing mortgage on the unit, and have your accountant and solicitor confirm how the arrangement sits between the two companies.

Yes. A second mortgage ranks behind your existing loan, which stays in place on its fixed rate. The two loans together can be up to 70% of our valuation, and second mortgage rates start from 11.95% p.a. Send us the property address and the latest statement for the bank loan, and we aim to give you an indicative offer the same day.

• →Second mortgage finance

Yes. We never lend against the business, its goodwill or its equipment; the loan is secured by your home. If the home has $300,000 owing on it, it needs to be valued at about $1.07 million or more for the $450,000 loan to stay within our 70% limit across both mortgages. The business buying the cafe is the borrower. The loan can settle within 24 hours of a signed letter of offer.

• →Business acquisition loans

Yes. The loan is secured by the property you own, never by the dental equipment or the patient list, and the funds pay for the fit-out. We agree how the loan will be repaid before it settles, for example a bank loan once the new rooms are trading or the sale of a property, and set the term to match.

• →Working capital loans

It can work, if the combined numbers do. The test is total borrowing across every mortgage against the combined value of the three apartments, up to 70%. For example, if they are worth $2.4 million together and $1.1 million is owing, 70% of $2.4 million is $1.68 million, which leaves room for $580,000. Send us each address and the latest statement for each bank loan, and our valuer values all three.

Yes. Both properties can secure the one loan, provided total borrowing stays within 70% of their combined value. The security is the house and the suite, never the practice or its client list. The business is the borrower. We agree the repayment plan before settlement, for example a bank refinance once the buyout is complete.

• →Business partner buyout loans

Yes, where it is secured by property. A private loan does not lend against the super itself. It releases capital against a property you or your business owns, and you use it to pay super on payday or clear an ATO super charge. Parramatta businesses use our payday super finance for exactly this.

Often, yes. A good share of our Parramatta 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 where a bank would not.

On a clean file we can give you a yes or no within hours, issue a letter of offer, value the security, and settle within 24 hours. Speed comes from lending our own funds, so there is no outside credit committee standing between you and settlement across Parramatta and Greater Western Sydney.

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 across Parramatta and Greater Western Sydney. 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.

Yes. Many Parramatta 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 registered first and second mortgages over Parramatta property, for business purposes only. Loans start from $250,000 and a clean file can be funded within 24 hours.

Yes. Parramatta is one part of a wider book. Our Sydney guide maps the full metro, our Western Sydney guide covers the broader region, and our Private Lender Australia overview sets out our national reach.

Yes. The combined position across the first and second mortgage has to sit inside 70% of value, and your existing first mortgage lender needs to consent. Arrears on file are not what we assess. Where those arrears are on the first mortgage itself, tell us early, because clearing them is often part of what the facility is for.

Send us the ATO notice and its due date, because each type has its own time limit. Our pages on ATO debt, director penalty notices and statutory demands explain what we can fund.

• →urgent short term finance