Second Mortgage Private Loan – Illawong, Sydney

Second mortgage Illawong - Fast Private Lending to Clear Arrears Before Property Settlement.

Assurity Capital recently provided a second mortgage private loan of $150,000, secured against a residential property in Illawong, located in Sydney’s southern suburbs. The borrower required urgent funds to pay arrears on an existing 1st mortgage, as well as overdue council rates and land tax.

The property was already under contract for sale and awaiting settlement, so timing was critical. The property was owned by a trust with a corporate trustee.

• Security: Residential property

• Ownership: Trust with company trustee

• Purpose: Pay 1st mortgage arrears, council rates, and land tax

• Leverage: Approx. 68% loan-to-value ratio (LVR)

• Valuation: Not required due to low LVR and confirmed sale

• Exit Strategy: Pending property settlement

  
  

Assurity Capital was able to move quickly, assessing the loan on the strength of the property and confirmed sale contract, rather than requiring full valuations or detailed financials. This allowed the borrower to avoid default penalties and proceed to settlement without disruption.

Why Use a Second Mortgage Private Loan? - Second Mortgage Illawong.

Second mortgages are a strategic option for:

• Addressing short-term funding gaps

• Clearing arrears or tax debts

• Securing funds when properties are held in trusts or company structures

• Avoiding bank delays or document-heavy approvals

Our flexibility with ownership structures such as trusts and corporate trustees means we can act when others can’t.

About Assurity Capital

Assurity Capital is a non-bank lender offering 1st and 2nd mortgage private loans ranging from $50,000 to $5,000,000. Since 2006, we've helped borrowers across Australia access fast, tailored funding solutions secured by real estate—whether for business, bridging finance, investment, or debt relief. Contact us

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.