First Mortgage Private Loan – $6.175 Million Secured Against DA-Approved Rose Bay Development Site

First Mortgage Private Loan Rose Bay – $6.175 Million Settlement

Assurity Capital has successfully settled a $6.175 million first mortgage private loan secured against a DA-approved residential development site in Rose Bay, one of Sydney's most prestigious harbourside suburbs.

The funding enabled the borrower to refinance an existing facility while releasing additional capital to complete pre-construction planning ahead of the project's construction phase.

With development approval already in place for three luxury whole-floor apartments, the site offers strong end-value potential in one of Australia's most tightly held residential markets.

Deal Snapshot

Location	Rose Bay, Sydney NSW
Loan Amount	$6,175,000
Loan Type	First Mortgage Private Loan
Security	DA-approved residential development site
Purpose	Refinance existing facility and cash-out for pre-construction costs
Development	Three luxury whole-floor apartments
Maximum LVR	65%

Delivering the Right Finance at the Right Time

Obtaining finance against a development site before construction commences can often prove challenging through traditional lenders. Even with development approval secured, banks frequently require additional conditions before releasing funds, creating delays that can impact project timelines.

For this transaction, Assurity Capital structured a private lending solution that provided:

• Fast approval and settlement

• Refinancing of the existing facility

• Additional cash-out for pre-construction planning and project costs

• A flexible first mortgage facility aligned with the developer's construction program

• Funding at up to 65% Loan-to-Value Ratio (LVR)

The transaction allowed the client to move confidently into the next stage of the development without unnecessary funding delays.

First Mortgage Private Loan for DA-Approved Development Sites

DA-approved residential sites represent valuable opportunities, but they often require specialised funding solutions before construction finance is available.

Private lending can provide developers with the flexibility to:

• Refinance existing debt

• Release equity for project costs

• Fund consultants, planning and documentation

• Cover holding costs

• Prepare projects for construction finance

• Meet time-sensitive settlement obligations

Because private lenders assess the overall strength of the security and the proposed exit strategy, approvals can often be achieved significantly faster than through traditional banking channels.

Why Developers Choose Assurity Capital

Assurity Capital specialises in arranging private property finance for residential developers, builders and experienced property investors across Australia.

We understand that every development is different, which is why our funding solutions are tailored around the individual transaction rather than a rigid credit policy.

Our private lending solutions offer:

• Fast indicative approvals

• Asset-backed lending

• Flexible lending structures

• Funding for development sites and investment property

• First and second mortgage loans

• Solutions where banks may decline or delay finance

Whether you're purchasing a site, refinancing an existing facility or preparing for construction, we work with experienced borrowers to structure finance that keeps projects moving.

Looking for Private Development Finance?

If you're seeking private funding for a DA-approved development site, refinancing an existing facility, or require capital before construction commences, Assurity Capital can help.

Our experienced team assesses each opportunity on the strength of the asset, the project and the exit strategy, allowing us to deliver practical funding solutions when timing matters most.

Whether you're a developer, investor or finance broker, we can help structure fast and flexible funding for your next transaction.

Call: 02 9389 1077

Email: scenario@assuritycapital.com.au

Frequently Asked Questions

What is a first mortgage private loan?

A first mortgage private loan is secured by a registered first mortgage over a property. Private lenders provide funding based primarily on the value of the security property and the borrower's exit strategy, offering a faster and more flexible alternative to traditional banks.

Can I obtain finance for a DA-approved development site?

Yes. Many private lenders, including Assurity Capital, can provide funding secured against DA-approved development sites to assist with refinancing, acquisitions or pre-construction costs.

What can pre-construction funding be used for?

Pre-construction funding may be used for consultant fees, working capital, planning costs, authority contributions, holding costs, documentation, marketing expenses and preparing a project for construction finance.

How quickly can a private development loan settle?

Private loans can often settle within days once due diligence has been completed, making them ideal for transactions requiring fast access to capital.

What loan-to-value ratio (LVR) is available?

LVR depends on the property, borrower profile and transaction. For this Rose Bay transaction, funding was provided at 65% LVR.

If you’re seeking private funding or a fast first or second mortgage, or if you're a broker needing a lender that can move quickly—Assurity Capital is ready to help.

📞 contact the team  to learn how we can support your next transaction.

For the current lending criteria, see Sydney private lending. Have a similar business funding scenario? Request an initial loan assessment with the amount, security, deadline and proposed repayment plan.