Private Second Mortgage Loan – Concord NSW

Private second mortgage Concord - $200,000 Private Loan | 46.7% LVR | No Formal Valuation Required

Assurity Capital recently settled a $200,000 private second mortgage loan in Concord, helping a borrower operating a building company access fast funding to complete multiple construction projects.

The Scenario

The borrower is an experienced builder who required short-term funding to finalise ongoing projects. Timing was critical, and traditional lenders were unable to move quickly enough or accommodate the borrower’s needs.

The client required:

• Fast access to capital

• Flexible credit assessment

• No delays associated with formal valuations

The Solution

Assurity Capital provided a private second mortgage loan secured against residential property in Concord, NSW.

Key details of the loan:

• Loan amount: $200,000

• Security: Second mortgage

• Location: Concord, NSW

• Leverage: 46.7% LVR (based on CoreLogic valuation data)

• Valuation: No formal valuation required

• Borrower profile: Self-employed builder / construction company owner

By relying on CoreLogic data rather than a full valuation, we were able to significantly reduce approval time and move quickly to settlement.

The Outcome

The borrower was able to:

• Complete existing building projects

• Maintain cash flow across the business

• Avoid costly project delays

The loan structure provided the flexibility required by a self-employed borrower, without the rigid requirements imposed by traditional lenders.

Private Second Mortgages with Assurity Capital

Assurity Capital specialises in private loans and second mortgages for borrowers who need speed, flexibility, and common-sense lending solutions. We regularly assist:

• Builders and developers

• Self-employed borrowers

• Clients requiring short-term funding

• Scenarios where bank funding isn’t suitable

Loans start from $50,000, with fast approvals and tailored solutions.

📞 Call: 02 9389 1077📧 Email: scenario@assuritycapital.com.au

This case study is for illustrative purposes only and does not constitute financial advice.