Private Loan Refinance Thomastown: $575,000 First Mortgage Funding
Updated: Sep 16
Assurity Capital provided a $575,000 first mortgage private loan to refinance existing private debt secured against a residential property in Thomastown, Melbourne’s north. The transaction was structured at a 64.97% loan-to-value ratio (LVR).
This case study illustrates a property-secured private loan refinance, with the replacement facility structured around the borrower’s funding requirements and available property equity.
Transaction overview
Lender: Assurity Capital
Loan amount: $575,000
Loan structure: First mortgage private loan
Security location: Thomastown, Melbourne, Victoria
Security type: Residential property
Purpose: Refinancing existing private debt
Loan-to-value ratio: 64.97%
Outcome: Existing private debt refinanced through a replacement first mortgage facility
The borrower’s refinancing requirement
The borrower wanted to replace an existing private lending facility with a loan offering more manageable terms. Their residential property in Thomastown provided the security for the proposed refinance.
For this transaction, the funding requirement was to refinance existing debt rather than purchase another property. The borrower’s objectives included finding a more stable funding arrangement and competitive pricing.
These were the borrower’s objectives; the case study does not provide an interest-rate comparison or quantify any savings.
Assurity Capital’s first mortgage solution
Assurity Capital provided a $575,000 first mortgage facility at 64.97% LVR, enabling the existing private debt to be refinanced.
A first mortgage describes the ranking of the lender’s mortgage security. The LVR expresses the loan amount relative to the property value used for the lending assessment.
The 64.97% LVR relates to this particular transaction. It is not a standard lending limit or an indication that another application would receive the same terms.
Refinancing a private loan in Melbourne
A private loan refinance replaces an existing facility with new borrowing. Property owners may seek refinancing when a loan approaches maturity, their funding requirements change or they want to review the terms of an existing private facility.
For an eligible business or commercial borrowing requirement, a non-bank lending assessment may provide another pathway to consider.
The proposed refinance still needs acceptable security, appropriate documentation and a credible repayment strategy. Available equity alone does not establish eligibility.
When reviewing a replacement facility, consider:
The existing lender’s payout figure and discharge costs
The new loan’s interest, establishment fees and legal expenses
The net funding available after deductions
The repayment obligations and maturity date
The evidence supporting the proposed exit
A lower headline interest rate does not necessarily mean a lower total borrowing cost.
Does Assurity Capital refinance existing private loans in Thomastown?
Assurity Capital considers eligible property-secured private-loan refinancing enquiries in Thomastown and across Melbourne. This transaction involved a $575,000 first mortgage facility secured against residential property.
What was the LVR for this transaction?
The reported loan-to-value ratio was 64.97%. Lending amounts and leverage depend on the individual assessment.
Does residential security mean the loan is an owner-occupied home loan?
No. The type of property offered as security and the purpose of the borrowing are separate considerations. Assurity Capital does not provide consumer-purpose personal loans or owner-occupied home loans.
What should I provide for a refinance enquiry?
Provide the property address, estimated value, current secured debt, payout figure, loan maturity date, borrowing purpose and proposed repayment strategy. Include details of any arrears or other registered interests.
Discuss a private loan refinance with Assurity Capital
Assurity Capital is an Australian non-bank private lender considering property-secured finance for eligible business, investment and commercial purposes.
Loan requests from $50,000 to $5 million and above may be considered, subject to assessment. Potential structures include first mortgages, second mortgages, bridging finance and secured business loans.
If you are a borrower or broker seeking private loan refinancing in Thomastown or Melbourne, send the transaction details to our team.
Call: 02 9389 1077
Enquire: Contact Assurity Capital
This case study describes an individual transaction and does not guarantee comparable terms or approval. Finance is subject to assessment, acceptable security, due diligence and final approval. Property-secured borrowing places the security property at risk if obligations are not met.
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