Newcastle Apartment Purchase Settled with Combined 1st & 2nd Mortgage Funding

Assurity Capital successfully arranged and settled a combined 1st mortgage of $474,500 and 2nd mortgage of $295,500 to assist with the purchase of a one-bedroom apartment in Newcastle, New South Wales.

The transaction involved a discretionary trust with a corporate trustee structure — a lending scenario where traditional lenders can often become restrictive or time-consuming.

Using a tailored private lending solution, Assurity Capital was able to assist the client in meeting a tight settlement timeframe while leveraging equity from an existing property.

Transaction Summary - 1st and 2nd mortgage

Loan Structure

• First Mortgage: $474,500

• Second Mortgage: $295,500

Security Properties

• First Mortgage Security: Newly purchased apartment in Newcastle, NSW

• Second Mortgage Security: Existing residential property in Armidale, NSW

Borrower Structure

• Corporate trustee of a discretionary trust

Loan Purpose

• Acquisition of residential investment property

Timeframe

• Valuations ordered and completed

• Loan approved and settled in under 7 days

Flexible Lending for Trust Structures

Many traditional lenders can be conservative when assessing:

• trust borrowers

• company structures

• cross-collateralised lending

• urgent settlement timeframes

• combined first and second mortgage scenarios

In this transaction, Assurity Capital worked with specialist private funding solutions to structure the deal efficiently and ensure the client was able to proceed with the purchase without unnecessary delays.

Why This Scenario Was Unique

This transaction involved several factors that required a flexible lending approach, including:

• purchase through a discretionary trust

• corporate trustee borrower structure

• use of equity from another property

• combined first and second mortgage lending

• short settlement timeframe

By leveraging available equity in the Armidale property, the client was able to secure the Newcastle purchase while maintaining flexibility around the overall transaction structure.

Fast Turnaround Private Lending Solutions

One of the major benefits of private lending can be speed and flexibility.

In this scenario:

• valuations were completed quickly

• approval was issued within days

• settlement occurred in under one week

This allowed the borrower to meet critical settlement deadlines that may not have been achievable through traditional bank channels.

Assurity Capital – First & Second Mortgage Specialists

At Assurity Capital, we specialise in:

• first mortgage private lending

• second mortgages

• trust lending

• company borrower structures

• cross-collateralised transactions

• urgent settlements

• short-term property finance

• complex lending scenarios

We regularly assist borrowers across New South Wales and Australia requiring fast, practical and flexible funding solutions.

Need Fast Private Lending Solutions?

If you require:

• first or second mortgage lending

• urgent property finance

• trust or company borrower lending

• flexible private funding

• fast settlement solutions

the team at Assurity Capital may be able to assist.

Contact Assurity Capital today for a confidential discussion regarding your scenario.