Urgent Short Term Loans to Settle Your Land Purchase
Settle on the land you have contracted to buy, then build, hold or sell on your own timetable
Experts in strategic, short-term finance
If you have signed a contract to buy land and the settlement date is close, we can fund the purchase in as little as 24 hours. Many banks lend less on vacant land, or take weeks to value it. We value the land with our own team, so you get a clear answer within hours and can keep your settlement date.
We fund land purchases for investors, builders and developers across Australia, from a single residential lot to a large englobo site held for future development. The loan runs for 1 to 24 months while you arrange a construction loan, work through approvals or sell.
What the loan can pay for
- •The balance of the purchase price due at settlement
- •Stamp duty and the other settlement costs on the land
- •The difference where a bank has approved less than you need
- •Council rates, land tax and interest while you hold the land
- •Architect, planner and survey fees while you prepare a development application
When landowners and developers call us
- •The bank has offered a lower loan on vacant land than it would on a house, and the difference is too large to cover from savings
- •The bank has not ordered its valuation yet, and settlement is days away
- •The seller has issued a notice to complete and will not extend the date
- •The seller has offered a lower price in return for a fast, unconditional settlement
- •You want to secure your next site before the current project has sold
- •You plan to hold the land while a DA or rezoning progresses, and the bank will not lend until it is approved
Why banks are cautious with vacant land
Vacant land earns no rent, and fewer buyers compete for it than for a finished home or building. For that reason many banks lend a lower percentage on land, take longer to value it, or decline it. Our in-house valuers regularly assess land with a DA, land awaiting rezoning and englobo sites. We base the loan on what the land is worth today, not on a future development value.
How quickly we can settle
Same day. Send us the contract of sale and a few details. We call you back within hours with an indicative offer showing the loan amount, rate and term.
Valuation. Our in-house valuers assess the land, and any other property you are offering, usually within a day.
Letter of offer. Once you accept the terms, we issue the letter of offer straight away and instruct our solicitors.
Settlement. Where the title is clear and the valuer can access the land, settlement can follow within 24 hours of a signed letter of offer.
What to send us
- •The signed contract of sale, showing the settlement date
- •The names of the buyers on the contract
- •Details of any other property you can offer as additional security
- •Your plan for repaying the loan: a construction loan, a bank loan or a sale
- •Any bank approval or decline letter, if you have one
Our loans for land purchases
- •First mortgage: over the land you are buying
- •Second mortgage: over another property you own, for a larger loan
- •Caveat loans: to pay a deposit quickly from equity you already hold
- •Bridging loans: to buy the land before another property has sold
Rates and terms for land purchases
| Loan feature | Detail |
|---|---|
| Loan size | $250,000 to $10,000,000 |
| Interest rate | From 9.7% p.a. on a first mortgage, from 11.95% p.a. on a second mortgage |
| Term | 1 to 24 months, interest only |
| Maximum LVR | 70%, based on the lower of the assessed value and the purchase price |
| Security | A first mortgage over the land you are buying, plus another property you own if you need a larger loan |
| Settlement | From 24 hours |
How the loan is repaid
Every loan needs a clear repayment plan. For land it is usually one of three: a construction loan that repays us when building starts, a bank loan once the DA is approved, or the sale of the land or another property. Tell us which one you plan to use, and we will set the term to match it.
Land settlements we have funded
“With land, the first thing we ask is how you plan to repay us. If it is a construction loan, we look at how far along the approval is. If it is a sale, we look at what similar land has sold for recently. When those answers are clear, we can usually settle a land purchase within a few days of the first call.”
Gino Tabila
Associate Director
Frequently Asked Questions
Get an indicative offer within hours, not weeks.
No credit check. No obligation.
Why Secured Lending?
Are you a broker? Find out why brokers love working with us.
Case Studies
$400K Second Mortgage Repaid in Full After a Flexible Two-Month Extension
$1.8M First Mortgage Releases $980K of Working Capital for a Solar Business
$2.3M Second Mortgage Refinances an 18% Facility for a Glass Manufacturer
$800K Bridging Finance for Simultaneous Property Transactions in 48 Hours
$300K Second Mortgage for Dental Practice Working Capital in 5 Days
$700K Working Capital for a Technology Start-Up Settled in 72 Hours
$3M Working Capital for IT Business Expansion Settled in 2 Business Days
$1.9M Commercial Property Acquisition for Growing Doggy Daycare Business
Get an indicative offer within hours, not weeks.
No credit check. No obligation.
Why Secured Lending?
Are you a broker? Find out why brokers love working with us.
Other Urgent Loans We Fund
Each page covers one deadline: what we fund, what to send us and how quickly we can settle.