1st Mortgage Private Loan – Wahroonga, Sydney
- Assurity Capital
- Dec 12, 2023
- 2 min read
Updated: Aug 7
Private Lending to Support a Property Development Project
Assurity Capital recently funded a 1st mortgage private loan of $1,500,000, secured against a luxury penthouse apartment in Wahroonga, a prestigious suburb located on Sydney’s Upper North Shore. The loan was structured at 61% loan-to-value ratio (LVR).
Loan Overview:
Loan Type: 1st Mortgage Private Loan
Loan Amount: $1,500,000
Location: Wahroonga, Sydney NSW
Security: Penthouse apartment
Leverage: 61% LVR
Purpose: Funding for a property development
Settlement: Fast, with non-bank flexibility
The borrower required a non-bank lending solution to support the finance needs of an active property development project. Traditional lenders were not able to meet the required timeframes or provide the level of structuring flexibility needed. Assurity Capital delivered a solution that was both efficient and aligned with the borrower’s strategic goals.
When to Use a 1st Mortgage Private Loan
Private loans are ideal for borrowers who:
Require quick turnaround finance
Need funding secured by residential or commercial real estate
Are developers or investors with complex income or trust structures
Are seeking non-bank alternatives with flexible criteria
In this case, the strong equity position and premium security allowed for fast approval and funding, enabling the borrower to move forward with their development without delay.
About Assurity Capital
Assurity Capital is a leading non-bank private lender specialising in 1st and 2nd mortgage private loans. Since 2006, we’ve delivered over 1,000 loans across Australia, helping clients unlock property equity for business, investment, development, and cash flow needs.
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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