1st Mortgage
Fast, secured lending against commercial or residential property, funded and decided right here in Melbourne. A first mortgage sits ahead of any other finance secured against the property, which is why it carries the strongest rates and the highest LVR we offer.
At a glance
- Up to 65% LVR, assessed against the value and type of security offered
- Rates from 9.95%, set according to loan size, term and risk
- Same day approval, so you know where you stand before the day is out
- Commercial and residential property considered
- Terms structured around your exit strategy rather than a fixed template
Common business uses
Business owners typically come to us when a bank's timeline doesn't match the deal in front of them. A first mortgage is commonly used to:
- Buy out a business partner or fund a change in ownership, particularly when the transaction has a legal deadline attached to it
- Purchase or renovate commercial premises ahead of a lease expiring or a business outgrowing its current site
- Settle an ATO debt before it escalates into garnishee action or starts affecting terms with suppliers
- Bridge into a larger acquisition while a separate asset sale works its way through settlement
- Refinance an existing facility that has become too expensive, too slow, or too rigid for how the business now operates
Why borrowers choose us
Direct access to decision makers
There's no credit committee to wait on and no head office interstate holding up your file. The person assessing your loan can also approve it.
Locally funded, locally decided
Our capital is 100% Australian, so approvals aren't held up by offshore funding lines or a decision maker in a different time zone.
Built for time pressure
Refinancing, settlement deadlines and bridging finance are the situations we're set up for, not the exception we make room for.
Frequently asked questions
Purchasing property, refinancing an existing loan, bridging finance, or funding a development or business need where the property is used as security.
Rate depends on LVR, security type, loan term and exit strategy. [Confirm: any minimum rate conditions or risk based pricing tiers to disclose here.]
[Confirm: standard document checklist, for example valuation, title search, ID, exit strategy statement.]
Yes, we lend against both commercial and residential property.
