Assurity Capital Funds $575,000 First Mortgage for Dual Occupancy Construction

At Assurity Capital, we understand that property investors and developers often need finance solutions that fall outside the standard lending criteria of the major banks.

We recently approved a $575,000 first mortgage secured against a residential property in Hillcrest, with the funds being used to construct a second dwelling on the same property.

Loan Summary - First mortgage

• Loan Amount: $575,000

• Security: First Mortgage

• Location: Hillcrest

• Purpose: Construction of a second residence (dual occupancy)

• Estimated 'As Is' Property Value: Approximately $950,000

• Valuation: Not required

Fast Decisions Without Unnecessary Delays

Because the loan represented a conservative loan-to-value ratio based on the property's existing value, Assurity Capital was able to proceed without requiring a formal valuation. This saved the borrower both time and money, allowing construction to commence sooner.

Traditional lenders can often take weeks to assess development or construction proposals, particularly where multiple dwellings are involved. At Assurity Capital, we focus on the quality of the security, the exit strategy, and the overall merits of the transaction, enabling us to provide a much faster outcome.

Finance for Property Investors and Developers

Whether you're:

• Building a granny flat or second dwelling

• Developing a dual occupancy project

• Subdividing residential property

• Refinancing an existing development loan

• Requiring short-term construction funding

Assurity Capital may be able to assist.

Our experienced team regularly considers transactions that fall outside traditional bank policies and can provide tailored first mortgage funding for a wide range of property-backed lending scenarios.

Need Fast Property Finance?

If you require a private lender that can make commercial decisions quickly, speak with the team at Assurity Capital.

We provide first and second mortgage loans from $50,000 to $5 million, with fast approvals, flexible assessment, and funding across Australia for eligible non-regulated lending.

Need funding quickly? Contact Assurity Capital today to discuss your project.

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