$200,000 Second Mortgage in Dover Heights – Fast Funding Without a Valuation
- Assurity Capital
- Jul 6, 2023
- 2 min read
Updated: Apr 19
Accessing capital quickly can be critical for entrepreneurs—especially when opportunities arise that require immediate action.
In this recent scenario, Assurity Capital provided a $200,000 second mortgage private loan secured against a residential property in Dover Heights, Sydney, delivering a fast and flexible funding solution.
The Scenario - Second mortgage
Location: Dover Heights, NSW
Security: Residential property
Loan Amount: $200,000 (Second Mortgage)
Total Leverage: ~50% LVR (including first mortgage)
Valuation: No formal valuation required
Purpose: Investment into new business ventures
The Opportunity
The borrower was an experienced entrepreneur involved in multiple ventures and start-ups, requiring additional capital to pursue new opportunities.
Speed was essential. Traditional lenders were not suited to the borrower’s timeline or the flexible nature of the funding required.
Our Approach
With a low overall LVR of approximately 50%, the deal presented a strong security position.
Assurity Capital assessed the scenario based on:
The strength of the underlying asset
The borrower’s equity position
The practical use of funds for business growth
Given the low leverage and clear structure, we were able to proceed without requiring a formal valuation, significantly reducing turnaround time.
The Outcome
Fast approval and settlement
$200,000 released without delays
No valuation required
Borrower able to act quickly on new business opportunities
Why This Worked
This scenario highlights the advantages of private lending:
✔ Low LVR transactions✔ No valuation in appropriate scenarios✔ Fast access to capital✔ Flexible lending for entrepreneurs and business owners
About Assurity Capital
Assurity Capital is an established non-bank lender, offering tailored private loans and private mortgage solutions across Australia.
We specialise in:
First & second mortgages
Loans from $50,000+
Fast approvals and settlements
Flexible, asset-backed lending
Looking for a Similar Solution?
If you need fast, flexible funding backed by property, speak with the team at Assurity Capital.
📞 02 9389 1077📧 scenario@assuritycapital.com.au
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