$130,000 Second Mortgage in Kingscliff NSW – Business Cash Flow Funding
Assurity Capital has provided a $130,000 second mortgage facility secured against a property in Kingscliff, NSW, providing short-term business cash flow funding over a 12-month term.
The transaction demonstrates how business owners can access available property equity for working capital without needing to refinance their existing first mortgage.
The Transaction
The property was estimated to be worth $1.8 million, with an existing first mortgage of $920,000.
Assurity Capital provided an additional $130,000 through a second-ranking mortgage, bringing the total secured debt to $1,050,000.
Key loan details:
Loan amount: $130,000
Location: Kingscliff, NSW
Security: Second mortgage
Estimated property valuation: $1,800,000
Existing first mortgage: $920,000
Combined LVR: 58.3%
Loan term: 12 months
Purpose: Business cash flow and working capital
Accessing Property Equity Without Refinancing
For business owners, maintaining sufficient working capital is essential to managing everyday operations, supplier commitments and business opportunities.
A second mortgage can provide access to additional funding while allowing the existing first mortgage to remain in place.
In this Kingscliff transaction, the relatively conservative combined LVR of 58.3% provided a substantial equity buffer, supporting the second mortgage structure.
Rather than refinancing the entire $920,000 first mortgage, the additional funding was structured as a separate $130,000 facility.
Flexible Second Mortgage Solutions for Business Owners
Assurity Capital specialises in short-term, property-secured business lending throughout Australia.
Our second mortgage facilities can assist eligible business owners requiring funding for:
Business cash flow and working capital
ATO and creditor payments
Business expansion and stock purchases
Short-term commercial obligations
Business debt consolidation
Bridging finance and investment opportunities
We assess each transaction individually, considering the property security, existing mortgage debt, business purpose and proposed exit strategy.
Need a Second Mortgage for Business Cash Flow?
Whether you require $50,000 or a larger facility, Assurity Capital can assess opportunities to access property equity for genuine business and investment purposes.
Contact Assurity Capital
Phone: 02 9389 1077
Website: www.assuritycapital.com.au
Finance is available for eligible business and investment purposes only, not consumer purposes. All applications are subject to assessment, acceptable security, lending criteria, legal documentation and approval. Property-secured borrowing carries risks, including potential loss of the secured property if obligations are not met.
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