Won at Auction? Urgent Short Term Finance to Meet the Settlement Date

Yes, if the receiver's agent gives our valuer access before auction day. At a price of $2,400,000, our 70% limit is $1,680,000 against the building, so your company would bring about $720,000 plus stamp duty and costs, or add another property as security. A missed settlement date can put the deposit at risk, so ask your solicitor to read the contract before Saturday. Call us on 1300 795 175 as soon as you decide to bid, and we will give your company indicative terms before the auction.

Up to $2.1 million. We lend up to 70% of the lower of our assessed value and the price you pay, so a first mortgage over a $3 million warehouse property can provide up to $2.1 million. Your 10% deposit of $300,000 covers part of the rest, which leaves $600,000 plus stamp duty to come from your own funds or from equity in another property you add as security. Call us before Saturday with the address, so you bid knowing your limit.

• →Urgent industrial property purchase loans

Yes, where that property has the equity. The company is the borrower, the bank lends on the auction property as approved, and a second mortgage or caveat over your investment property covers the $400,000. The total borrowing on that property, your existing loan plus ours, must stay within 70% of its value: a property worth $1.5 million with $600,000 owing has room for up to $450,000. Send us its address and current loan balance, and we will confirm the figure within hours.

• →Second mortgage finance

Yes. The company is the borrower and receives the funds, and each of you offers your own property as security, signing the mortgage over it as its owner. The total borrowing across the auction property and both investment properties must stay within 70% of their combined value. Bring both addresses and loan balances to the first call, so we can value all three properties together.

It may not have one. A contract signed after a property is passed in is usually written on the auction terms, but that depends on the contract in front of you and the rules in your state. Ask your solicitor to confirm whether a finance clause or a cooling-off period applies before you sign. If the contract will be unconditional, call us before you sign, so you know how much we can lend on the property.

Yes. We lend our own funds, so the holiday period does not change how we decide, and we have settled a loan two days before Christmas before. Call us in early December rather than in settlement week, because both solicitors need to be available to settle and many offices close for the break.

• →Settled two days before Christmas

In most cases, yes. An auction contract usually has no finance clause, so it binds you whatever any lender's valuation shows, and your solicitor can confirm the terms of your contract before auction day. Our indicative offer becomes a formal offer only after we have valued the property. If the value is lower than the price, we lend 70% of the lower figure, and the difference comes from your funds or another property you own. Set your bidding limit at a price you could still settle if the value came in below it.

Not if it is removed at settlement. Our mortgage needs a clear title to register, so any caveat the vendor's lender lodged must be withdrawn or discharged when the purchase settles. Ask your solicitor to get written confirmation from the vendor's solicitor now, so it does not delay the settlement date.

Apply now, alongside the bank. We give an indicative offer within hours and can value the property while the bank works, so your client has a second way to settle if the bank misses the date. If the bank is ready in time, your client settles with the bank. If it is not, we can settle within 24 hours of a signed letter of offer.

• →Private lender for auction finance

Yes, where the balance is $250,000 or more, which is the second 5% on a purchase of $5 million or more. We lend it against a property you already own, and we also check how you will fund the rest of the price at settlement. Missing the date for the balance can put the contract at risk, so ask your solicitor what your contract says and send us the contract on auction day.

It can, once access is arranged. Our in-house valuer usually inspects within a day, but we also need the tenant to let us in. The vendor is still the landlord until settlement, so ask the selling agent to arrange access through the vendor, and your solicitor can raise it with the vendor's solicitor if the agent cannot.

Yes. Call us before auction day with the property address and your security, and we can give you an indicative offer showing how much we can lend. It is not a formal approval until we have valued the property, but it tells you where you stand before you bid.

The seller can issue a notice to complete, and if you still do not settle, may be able to end the contract, keep your deposit and claim costs. Your solicitor can confirm your rights and obligations under the contract. Calling us as soon as the bank changes its answer gives you the most options.

No. We lend for business purposes only, so the property must be an investment or a commercial purchase. If you bought a home to live in, a bank or mortgage broker is the right place to find help.

This is common at auction, where competitive bidding can push the price above the valuation. We lend up to 70% of the lower of the value and the price, so you may need a larger contribution or a second property as extra security. We will show you the numbers early.

It depends on the contract, and is often between 30 and 90 days. Check the date with your solicitor on auction day. We can settle in as little as 24 hours once terms are agreed, so there is usually enough time if you call early.

We can settle well within most auction settlement periods, and on the same day in some cases, depending on your scenario. Send the signed contract straight after the auction so our valuer can book an inspection.

• →$3.5 million for an investor after a major bank missed the deadline
• →$271,000 approved within 4 hours for a next-day settlement
• →$1.88 million bridging loan settled in 48 hours

Yes. Commercial auctions can have short settlements, and banks can take longer to assess commercial property. We lend on offices, shops, industrial property and mixed-use buildings bought at auction.

Yes. As well as auction purchases, we fund real estate agencies, property investors and other businesses for working capital, including costs between settlements and cash for the next purchase.

• →Real estate lending
• →Working capital loans