Urgent Short Term Loans to Cover a Settlement Shortfall
Cover the difference between your funds and the settlement figure, and settle on the agreed date
Experts in strategic, short-term finance
24hrsFast funding solutions
$250K-$10MLoan range
9.7% p.aInterest rates starting from
1-24 monthsShort term funding
ExcellentRated 5 out of 5 on Google
Rated 5 out of 5Jason V
Hands down, the best private lenders in the biz
Gino, Alec and Finn are exceptional at what they do. Top tier communication and transparent service.
Rated 5 out of 5Rhowell Dela Rosa
Every settlement has been smooth
Gino and the team at Secured Lending are our go-to when a deal needs to move fast or fall outside bank criteria.
Rated 5 out of 5Rory Mcgrath
Always my top choice for nearly all private lending scenarios
I run and operate a private lending brokerage and have worked with Mark and the team for years.
Rated 5 out of 5Luke Egan
Speed to market on lending advances second to none
The owner is also one of best commentators on LinkedIn calling out poor lending and recovery practices.
Rated 5 out of 5amal maharaj
True professionals in the non bank lending space
Straight forward application and assessment process with clear communication till loan settlement.
Rated 5 out of 5Sam Algeri
Excellent service, quick approvals and seamless settlements
The team at Secured Lending, particularly Gino and Finn, are fantastic to work with.
Rated 5 out of 5sebastian wright
Speed, reliability, transparency
Exceptional team. Exceptional Service. Loved working with the team at Secured Lending.
Rated 5 out of 5Jordan Thomas
Gino & Finn are the best in the business
Quick and painless to deal with, keep up the great work SL team!
Rated 5 out of 5Wayne McCarthy
Always willing to think outside the box to get deals done
We've had a great experience working with Secured Lending.
Rated 5 out of 5JP G
Quick, responsive and reasonable
With all the shady characters in the private lending market, its refreshing to find good people to deal with.
Rated 5 out of 5Joel Togo
Always thorough on assessment and will give you a prompt answer
With clients that are in time sensitive situations, this is crucial.
Rated 5 out of 5David Pruscino
Always professional and supportive
It's a pleasure dealing with the Secured team.
Rated 5 out of 5Monica Monsigneur
A professional and common sense lender who delivers
Rated 5 out of 5Thomas de Fegely
Great options in the private space
Have been dealing with Finn from Secured Lending, he has been very responsive.
Rated 5 out of 5Andrew Soo
A very reliable funding partner
Highly recommended.
Rated 5 out of 5Phil Boyle
Very efficient, responsive
Finn was a great help to assist in a very timely manner.
Rated 5 out of 5Jason V
Hands down, the best private lenders in the biz
Gino, Alec and Finn are exceptional at what they do. Top tier communication and transparent service.
Rated 5 out of 5Rhowell Dela Rosa
Every settlement has been smooth
Gino and the team at Secured Lending are our go-to when a deal needs to move fast or fall outside bank criteria.
Rated 5 out of 5Rory Mcgrath
Always my top choice for nearly all private lending scenarios
I run and operate a private lending brokerage and have worked with Mark and the team for years.
Rated 5 out of 5Luke Egan
Speed to market on lending advances second to none
The owner is also one of best commentators on LinkedIn calling out poor lending and recovery practices.
Rated 5 out of 5amal maharaj
True professionals in the non bank lending space
Straight forward application and assessment process with clear communication till loan settlement.
Rated 5 out of 5Sam Algeri
Excellent service, quick approvals and seamless settlements
The team at Secured Lending, particularly Gino and Finn, are fantastic to work with.
Rated 5 out of 5sebastian wright
Speed, reliability, transparency
Exceptional team. Exceptional Service. Loved working with the team at Secured Lending.
Rated 5 out of 5Jordan Thomas
Gino & Finn are the best in the business
Quick and painless to deal with, keep up the great work SL team!
Rated 5 out of 5Wayne McCarthy
Always willing to think outside the box to get deals done
We've had a great experience working with Secured Lending.
Rated 5 out of 5JP G
Quick, responsive and reasonable
With all the shady characters in the private lending market, its refreshing to find good people to deal with.
Rated 5 out of 5Joel Togo
Always thorough on assessment and will give you a prompt answer
With clients that are in time sensitive situations, this is crucial.
Rated 5 out of 5David Pruscino
Always professional and supportive
It's a pleasure dealing with the Secured team.
Rated 5 out of 5Monica Monsigneur
A professional and common sense lender who delivers
Rated 5 out of 5Thomas de Fegely
Great options in the private space
Have been dealing with Finn from Secured Lending, he has been very responsive.
Rated 5 out of 5Andrew Soo
A very reliable funding partner
Highly recommended.
Rated 5 out of 5Phil Boyle
Very efficient, responsive
Finn was a great help to assist in a very timely manner.
Finding out close to settlement that your funds will fall short is worrying, but it is a common problem and one we can usually solve quickly. We lend the difference, often in as little as 24 hours, so you can settle on the agreed date.
We cover shortfalls on commercial, industrial and investment property purchases across Australia, from $250,000, with larger loans assessed case by case. The loan usually runs for a few months, until the money you were waiting for arrives or a bank refinance is in place.
Why settlement shortfalls happen
•The bank valuation came in below the purchase price, so the bank reduced its loan
•The sale of another property has been delayed, and its proceeds will not arrive in time
•A co-buyer or investor has withdrawn their share
•Stamp duty or GST is higher than you budgeted for
•Funds you expected from a business or another settlement have been delayed
What the loan covers
•The difference between your bank loan and the settlement figure
•Stamp duty, registration fees and adjustments due at settlement
•The balance of a deposit that was only partly paid on exchange
•The whole purchase, where it is simpler for us to fund it and your bank to refinance later
How much you can borrow for the gap
The combined borrowing across all the property we hold as security can be up to 70% of its value. If you already own another property with equity, a second mortgage over it is often the quickest way to cover the gap, because your bank loan on the purchase stays as it is. Where the purchase has enough value on its own, we can take a first mortgage over it and fund the whole amount.
From call to settlement
1
Call us. Tell us the settlement date, the amount you are short and which property you can offer. We reply with an indicative offer, usually within hours.
2
Valuation. Our in-house valuers assess the property, usually within a day.
3
Letter of offer. We issue it as soon as you accept our terms, and our solicitors work with your solicitor and your bank.
4
Settlement. Our funds are paid at settlement alongside your bank's, in as little as 24 hours from a signed letter of offer.
What we will ask for
•The contract of sale and the settlement figures from your solicitor
•Your bank's loan approval, showing the amount it will lend
•The address and current mortgage balance of the property you are offering
•How the shortfall loan will be repaid, for example a property sale or a refinance
Loans that can cover the shortfall
•Second mortgage: over another property you own, behind your existing bank loan
•Caveat loans: the fastest option for a short gap, registered on a property you own
•First mortgage: over an unencumbered property, or over the purchase if we fund all of it
•Bridging loans: where the gap will be repaid by the sale of another property
Shortfall loan terms
Loan feature
Detail
Loan size
From $250,000, with larger loans assessed case by case
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. Most shortfall loans run for 3 to 6 months
Maximum LVR
70% across all the property we hold as security, including existing mortgages
Security
A first or second mortgage, or a caveat, over residential, commercial or industrial property
Settlement
From 24 hours
Repaying the shortfall loan
Most shortfall loans are repaid when the delayed money arrives: the sale of another property, a bank increasing its loan after a new valuation, or funds from a business. We agree the repayment plan before settlement and set the term with time to spare, so a short delay does not cause a problem.
“Most buyers with a shortfall have enough equity. The problem is that it is held in another property, or their sale settles after their purchase. We look at the property they can offer and when the loan will be repaid, and with those answers we can usually lend the difference within a day or two.”
We can, where the property security covers both amounts. We refinance a lender before or after it issues a default notice, so one loan can repay the bank and provide the $400,000 the overdraft was meant to cover, secured by the warehouse and, if more is needed, another property your company or a director owns.
Ask the bank for a written payout figure today and send it to us with the contract and the default notice. Ask your solicitor how long the default notice gives your company, and tell us the settlement date so we can plan both payments for the same day.
Yes. The term deposit maturing in 60 days is the plan to repay us, and the loan is secured by property that the business or its director owns, never by the term deposit itself. The loan must be at least $250,000 and stay within 70% of the property's value. Set the term a little longer than 60 days, so a delay in releasing the funds does not leave the client out of time.
Yes, if your property has the equity. The company is the borrower and your property secures the loan. A property worth $1.6 million with $400,000 owing can carry total borrowing of up to $1.12 million, which leaves room for $720,000, enough for his share.
Ask your solicitor straight away whether the contract needs to change now that he has withdrawn, because that can take longer than the loan.
Yes. The business is the borrower and the purchase is for the business, and your home is the property that backs the loan. To lend $320,000 within our 70% limit, the home needs to be worth at least about $457,000. Five days is enough time if you call today with the settlement figures and the home's address.
No. We lend across Australia, so the purchase and the security can be in different states. Our own valuers assess the Brisbane property, and our solicitors register the mortgage or caveat there while your solicitor prepares the Melbourne settlement. Give us both addresses on the first call, so both sides start at once.
Yes. A deposit bond usually stands in for the deposit only until settlement, so the full price, including the 10% the bond covered, is normally due on the day. Your solicitor can confirm this from the contract and the bond. On a $3 million purchase that is $300,000, which a caveat or second mortgage over another property the company or a director owns can cover, or a first mortgage over the purchase itself if we fund more of it. Ask your solicitor for the final settlement figures too, so the loan covers the exact amount.
Yes. The company is the borrower and receives the funds, and your co-director's house is the property that secures the loan. He signs the mortgage as the owner of the house, so include him from the first call. The combined borrowing on his house, including any existing loan, must stay within 70% of its value.
Yes, as long as the property you were selling still has the equity. We can lend against it, or against both properties, and you repay us when it is sold again or refinanced. Without a sale contract, we set a longer term, up to 24 months, so a new sale has time to complete.
Yes, and arranging it now gives you more choice. Call us with the contract and the property you can offer, and we can value it and agree terms weeks ahead, then settle our loan on the purchase date. It also leaves time to compare a caveat, a second mortgage or a first mortgage over the purchase, and pick the one that suits the gap.
Yes. The company is the borrower, and we can take security over both properties and lend against their combined equity, as long as the total borrowing across them stays within 70% of their combined value. For example, two properties worth $1 million each with $500,000 owing in total can carry up to $900,000 more. Send us both addresses and loan balances, and we will tell you the figure within hours.
Yes. The business can borrow against property it or its director owns, and the loan is repaid when the customer pays. The security is the property, never the invoice or the customer's debt. Tell us the amount owing and when payment is expected, and we will set the term with time to spare.
We may be able to help, even with settlement tomorrow, and same-day funding is possible depending on your scenario. Call 1300 795 175 rather than sending a form, and have the settlement figures and the address of the property you are offering. If tomorrow is too soon, your solicitor can ask the seller for a short extension while we complete the loan.
Yes. That is the most common structure. Your bank lends on the purchase as approved, and we lend the difference with a second mortgage or caveat over another property you own. The combined borrowing on that property must stay within 70% of its value.
We can fund the whole purchase with a first mortgage over the property you are buying, up to 70% of the lower of its value and the price. Your bank can then refinance us once its approval is ready. If 70% is still not enough, the rest will need to come from another source.
Yes, our loans start at $250,000. If your shortfall is smaller, we may still help by funding a larger part of the purchase, for example by lending on the whole property. Otherwise, your bank or a smaller lender may be a better fit.
On a property your bank already holds, it may need to consent, and some banks take a few days to do so. A caveat loan can avoid that step. Tell us who your bank is, and we will suggest the quickest structure.
Yes. Stamp duty can cause a shortfall, particularly on commercial property, where the duty can be large. It can be included in the loan, as long as the total stays within 70% of the property value.
Yes. A shortfall often uses cash the business needed for stock, wages or suppliers. We lend to businesses in construction, retail, hospitality and other industries for working capital, so the business is not left short after settlement.
No. Our loans are for business purposes only. If you are buying a home to live in, a bank or mortgage broker is the right place to find help with the shortfall.
