Second Mortgage
We can provide a competitive second mortgage solution to meet your short term funding requirements
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ABOUT FIRST MORTGAGE
We offer Private First Ranking Mortgages, secured on residential, commercial, industrial properties and developments in metropolitan areas and major satellite locations.
If you have a residential, commercial, industrial property or development and traditional lenders have, or are likely to turn you away, we encourage you to speak with one of our team and see how we can help.
KEY FACTS ABOUT FIRST MORTGAGE
Min.Loan Size
$150,000
Max.Loan Size
$20 million
LVR
Up to 70%
Interest Rate
From 7.95% per annum
Term
6 to 36 months
Area Restriction
Eastern Seaboard
FREQUENTLY ASKED QUESTIONS
What is a Mortgage?
The word mortgage has become the generic term for a loan secured by real property. A mortgage is actually not a loan, it is a registrable form of security that can guarantee the payment of a debt or loan.
What is a Second Mortgage?
A second mortgage is a charge over a property that already has an existing mortgage on it. The mortgages are ranked in the order in which they were lodged. So in the event that the debt isn’t paid and the property is sold, the first mortgage is paid back before any money is paid to the second or third mortgagee (lender).
What is the process to get approved?
Enquire with us today and we’ll review your situation, financial goals and loan needs on a case by case basis. We’ll review your documents and work with you to find the best outcome for your situation. We appreciate time can be a factor - let us know if it is, so we can move extra quickly to help you.
EXPLORE OTHER LOAN PRODUCTS
Development Funding
We have financial solutions for residential or commercial property development. Tailored to your project and situation we’re discreet, reliable and fast.
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Mezzanine Funding
We help you understand how mezzanine finance and preferred equity fits into your feasibility and how you can use our experience and products to achieve a capital advantage.
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