Urgent Short Term Loans for Short-Stay and Holiday Rental Properties

We can, because the loan to your company is secured by the house and we value it as it stands. Booking income matters to the plan to repay us: if a bank refinance depends on short-stay income, allow time in the term to build a new record of bookings, or plan to repay us through a sale. Ask your solicitor to review the receiver's contract before you sign, and send it to us with your repayment plan.

• →Urgent loans when a receiver is appointed

Up to $1.26 million on the property alone, if our valuation matches the price. We lend up to 70% of the lower of the assessed value and the price, and we do not need the booking income to approve the loan. The other $540,000 plus stamp duty comes from your savings or from another property added as security.

We need to learn your scenario further. We do not lend for personal purposes, so tell us how the property will be used and what the loan pays for, including your own two weeks a year. Your accountant can explain how your own stays affect its tax treatment.

It can. The company is the borrower. $320,000 is above our $250,000 minimum, and a caveat or second mortgage over your investment property can secure it, within 70% of that property's value across all its mortgages. Agree how it will be repaid before you sign, for example by refinancing it into the purchase loan at settlement.

• →Urgent deposit funding

Yes. We lend on the unit's market value, and a letting pool tied to the title by by-laws or a management agreement is something our valuer takes into account. It can lower the value because fewer buyers want that kind of unit. Send the strata by-laws and the letting agreement with your enquiry.

Yes. A cap on nights limits booking income, and the lender that refinances the company will look at the income the property can earn under the rules in force at that time. Plan a refinance that still works on long-term rent. Tell us about the vote too, because it affects our valuation.

It can. We value the property as it stands, so the half-finished renovation is assessed at its current value, and the loan stays within 70% of that. Money for the remaining works is paid as a lump sum at settlement, not in stages. Once the renovation is done and bookings begin, a lender that counts short-stay income can refinance us.

Yes. A bridging loan can be secured by both properties, the Melbourne rental you are selling and the Hobart unit you are buying, within 70% of their combined value. The sale proceeds then repay us. Set the term with a few months to spare beyond your agent's estimate.

• →Bridging loans

Yes. The loan is secured by the property, so the register does not stop settlement. You cannot advertise or take bookings until the property is registered, which delays the income your refinance will rely on, so apply for registration as soon as you can. Allow for that delay when we set the loan term.

Not necessarily. We value the property at its market value, not its projected booking income, so if the bank's figure reflects the market, ours may be close to it. What changes is that we lend on that value and your repayment plan: 70% of $1.1 million is $770,000. The rest of the price would come from your savings or another property added as security.

• →Urgent loans for a settlement shortfall

It can. We lend on the block as it stands, within 70% of its value, and set the term to cover the strata subdivision and the two sales, up to 24 months. Ask your surveyor and solicitor how long the strata plan will take to register, then allow time for the sales after that.

Yes. We lend on the property's value and your repayment plan, so we do not rely on the booking income to approve the loan. The income does matter for the refinance, which is why we ask about it.

The 180-day cap limits how many nights a non-hosted property in Greater Sydney and some other areas can be let each year, and the limit in most of Byron Shire is 60 days. The cap affects what the property can earn and how a lender values its income.

Victoria charges a levy of 7.5% of the total booking fee on stays of less than 28 consecutive days, from 1 January 2025. It reduces the property's net income, so factor it into your numbers.

In NSW, yes: a strata scheme can adopt by-laws that ban short-term rental where the lot is not the host's principal place of residence. Check the by-laws before you exchange.

No. We lend for business purposes only. A holiday home for your own use is personal lending, and a bank or mortgage broker is the right place to start.

Yes. Since 1 January 2025, a short-term rental property in WA must be on the register before it can be advertised or take bookings.

Settlement on the same day is possible for some short-stay purchases, depending on your scenario. Our valuer needs access to the property, which the agent or the current host can usually arrange quickly.

• →$271,000 approved on a Sunday and settled on the Monday
• →$1.88 million bridging loan settled in 48 hours
• →$3.2 million funded within 24 hours

Yes. We lend for working capital to real estate agencies, property managers and investors, including costs between settlements and furnishing a property before it is let.

• →Real estate lending
• →Working capital loans