First Mortgage Private Loan – Altona Meadows, Melbourne

Private Loan - Altona Meadows. Assurity Capital recently provided a $375,000 first mortgage private loan secured against a residential property under construction in Altona Meadows, a growing suburb in Melbourne’s west.

The property was mid-construction, making the developer ineligible for traditional bank finance. Using a flexible private lending solution, Assurity Capital assessed the deal on a land-only valuation, enabling fast settlement and continuation of the build.

Deal Summary: - Private Loan Altona Meadows.

• Loan Amount: $375,000

• Loan Type: 1st Mortgage Private Loan

• Location: Altona Meadows, Melbourne VIC

• Security: Residential property (mid-construction)

• LVR: Approx. 60% (based on land-only valuation)

• Purpose: Completion of residential construction

• Challenge: Ineligible for bank finance due to project status

  
  

Why Private Lending for Mid-Construction Projects?

Traditional banks often decline loans for partially built properties due to valuation or documentation issues. Assurity Capital steps in when banks step back, providing fast, practical funding solutions for:

• Projects that are mid-construction

• Time-sensitive builds requiring quick capital

• Borrowers needing equity-based finance

• Situations where full valuations aren't viable

  
  

Practical Lending for Owner-Builders and Developers

By leveraging land value and using asset-based lending, Assurity Capital offers a lifeline to builders, owner-occupiers, and renovators who need to complete residential construction but can’t meet rigid bank requirements.

Lending Australia-Wide

From Melbourne to Brisbane, Sydney to Perth — Assurity Capital provides 1st and 2nd mortgage private loans across residential, commercial, and development projects Australia-wide.

About Assurity Capital

Founded in 2006, Assurity Capital is a trusted non-bank lender providing fast, flexible private loans ranging from $50,000 to $5,000,000. We fund deals that banks decline — with minimal red tape and maximum speed.

scenario@assuritycapital.com.au

www.assuritycapital.com.au

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.