Assurity Capital Settles $4 Million First Mortgage Loan Over Major Randwick Commercial Asset

Assurity Capital recently settled a $4 million first mortgage private loan secured against a substantial commercial accommodation property in Randwick, Sydney.

With an estimated property value of approximately $20 million and leverage of only around 20%, the transaction highlights how private lending can provide practical funding solutions where borrowers require speed, flexibility, and commercial decision-making.

A Significant Commercial Accommodation Asset - First mortgage Randwick

Located within the Coogee, Randwick, UNSW and Prince of Wales Hospital precinct, the property is one of the larger accommodation-style assets in the area.

The facility includes approximately 99 beds across around 40 rooms, together with extensive on-site amenities including multiple kitchens and bathrooms, parking, rooftop entertaining areas, and additional income-generating facilities such as vending machines, laundromat services, lockers, and sauna facilities.

The property also benefits from business/commercial zoning, providing long-term flexibility and redevelopment potential (STCA), with possible future uses including boutique accommodation, medical consulting suites, community accommodation, wellness facilities, or other commercial applications.

The site itself spans approximately 1,530sqm across two titles with dual street frontage and a building area of around 2,950sqm.

The Borrower’s Funding Requirements

The borrower required funding to refinance existing debt secured against the Randwick asset, while also releasing additional capital to repay liabilities attached to other properties.

A key objective was to consolidate obligations into a simpler and more efficient funding structure while maintaining flexibility for future operations and investment activity.

Why Private Lending Was Suitable

Given the exceptionally low loan-to-value ratio and the quality of the underlying security, Assurity Capital was able to approach the transaction from a practical, asset-based perspective.

Importantly, a full valuation was not required. Instead, the assessment relied on:

• Valuer General land value data

• Local agent market feedback

• Comparable market evidence

This reduced upfront costs for the borrower and significantly accelerated the approval process.

The transaction also benefited from a clear and realistic exit strategy, further strengthening the overall risk profile.

The Outcome

Assurity Capital successfully delivered:

• A $4 million first mortgage facility

• Approximately 20% LVR

• Streamlined due diligence

• Fast approval and settlement

• A flexible refinancing structure tailored to the borrower’s broader requirements

The completed transaction enabled the borrower to consolidate debt, refinance existing facilities, and improve overall funding flexibility.

The Role of Private Lending in Complex Transactions

This scenario demonstrates the advantages of private lending for borrowers with strong assets who require commercial flexibility and timely execution.

Traditional lenders can often struggle with complex security positions, multi-property structures, or transactions requiring rapid turnaround times. In contrast, private lending solutions can focus more heavily on asset quality, equity position, and practical outcomes.

About Assurity Capital

Assurity Capital provides fast and flexible private lending solutions across Australia, including:

• First mortgage loans

• Second mortgages from $50,000+

• Short-term property finance

• Commercial and asset-backed lending solutions

We work with property investors, business owners, developers, sophisticated borrowers, and brokers seeking certainty, speed, and practical commercial outcomes.

For more information, contact Assurity Capital on 02 9389 1077 or email scenario@assuritycapital.com.au.

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