First Mortgage Private Loan – Banora Point, NSW
- gareth150
- Aug 18, 2024
- 2 min read
Updated: Jun 19
Private Lending for Business Cash Flow Relief
Assurity Capital recently funded a 1st mortgage private loan of $120,000 secured against a residential property in Banora Point, located in the picturesque Northern Rivers region of New South Wales, within the Tweed Shire.
Loan Details:
Loan Amount: $120,000
Loan Type: 1st Mortgage Private Loan
Security: House in Banora Point, NSW
Purpose: Refinance existing unsecured debts and improve business cash flow
Valuation: Not required due to low loan-to-value ratio (LVR)
Settlement: Fast turnaround
The borrower was seeking to consolidate multiple unsecured loans and access additional working capital to support their business operations. Traditional lenders were unable to assist due to timing and documentation limitations, so Assurity Capital provided a flexible solution with minimal red tape.
Why Private Lending?
Private mortgage loans are a powerful option for borrowers who:
Require quick access to capital
Need to refinance or consolidate debts
Are not suited to traditional bank lending due to documentation, credit history, or timing
Have real estate equity and want to leverage it efficiently
In this case, the borrower’s strong equity position enabled the loan to proceed without a formal valuation, ensuring a smooth and speedy process.
Fast & Flexible Private Loans Australia-Wide
Assurity Capital is a trusted non-bank lender providing 1st and 2nd mortgage private loans ranging from $50,000 to $5,000,000. Since 2006, we have helped thousands of borrowers across Australia with tailored solutions for a range of purposes—from business funding and debt consolidation to property investment and bridging finance.
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.
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