Fast Second Mortgage Loan Settled in Deception Bay Without a Formal Valuation

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:

📧 scenario@assuritycapital.com.au🌐 www.assuritycapital.com.au

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