Fast Second Mortgage Loan Settled in Deception Bay Without a Formal Valuation
Updated: May 19
Assurity Capital recently settled a $110,000 second mortgage private loan secured against a residential property in Deception Bay within the Moreton Bay region of Queensland.
The loan was structured at approximately 65% LVR and completed without the need for a full formal valuation, allowing the borrower to access funds quickly through a streamlined private lending process.
Transaction Overview
Loan Type: Second Mortgage Private Loan
Loan Amount: $110,000
Security Location: Deception Bay, QLD
Security Type: Residential Property
Leverage: Approx. 65% LVR
Valuation Method: Desktop assessment only
Settlement Timeframe: Fast approval and settlement
Flexible Private Lending Solutions
Traditional lenders will often require:
full valuations
lengthy assessment processes
extensive financial documentation
strict servicing requirements
In this scenario, Assurity Capital was able to provide a practical private lending solution using a desktop property assessment due to the moderate leverage position and strength of the security.
This enabled the borrower to access funds quickly without unnecessary delays or additional valuation costs.
Common Uses for Second Mortgage Loans
Second mortgage private loans can be suitable for borrowers requiring:
business funding
working capital
debt consolidation
investment opportunities
short-term cash flow solutions
urgent access to equity
Many borrowers choose second mortgages where they wish to retain an existing first mortgage while accessing additional capital secured against available property equity.
Why Borrowers Use Private Lending
Private lending can provide flexibility where mainstream lenders may not be suitable due to:
urgent timeframes
complex income structures
self-employed borrowers
credit impairment
low-documentation scenarios
trust or company borrowing structures
At Assurity Capital, we focus on practical, common-sense lending solutions with fast turnaround times and flexible structuring.
About Assurity Capital
Assurity Capital is an experienced non-bank private lender providing:
first mortgage loans
second mortgage loans
business purpose lending
short-term property finance
urgent settlement funding
We assist borrowers Australia-wide with lending solutions ranging from $50,000 to $5,000,000 secured against residential, commercial and development property.
For confidential enquiries:
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