$500,000 Second Mortgage Loan Secured Against Bellevue Hill Property for Development Funding

Assurity Capital recently provided a $500,000 second mortgage private loan secured against a prestigious residential property in Bellevue Hill, Sydney.

The funding was used to assist the borrower with the development of another property, demonstrating how second mortgage lending can provide fast access to capital for property-related investment and development opportunities.

Second Mortgage Loan Scenario

• Loan Amount: $500,000

• Loan Type: Second Mortgage Private Loan

• Location: Bellevue Hill, Sydney NSW

• Purpose: Property development funding

• Security: Residential property in Bellevue Hill

• Combined LVR: Approximately 50%

• Valuation: Existing first mortgage valuation relied upon

• Loan Structure: Non-bank private lending solution

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Funding a Property Development Opportunity

The borrower required additional capital to assist with the development of another property and sought a funding solution that could be implemented quickly without disrupting their existing first mortgage facility.

Rather than refinancing the entire debt position through a traditional lender, the borrower utilised a second mortgage structure to unlock equity from their Bellevue Hill property.

This allowed the borrower to access capital efficiently while maintaining flexibility around their broader property portfolio and development strategy.

Bellevue Hill Property Used as Security - Second mortgage

The loan was secured against a residential property located in Bellevue Hill, one of Sydney’s most prestigious and tightly held eastern suburbs.

Bellevue Hill continues to attract strong demand due to its:

• Premium residential market

• High-value property profile

• Strong long-term capital growth

• Proximity to Sydney CBD and harbour amenities

The quality of the underlying security contributed to a conservative overall lending position, with the combined exposure sitting at approximately 50% Loan to Value Ratio (LVR).

Existing Valuation Relied Upon

To streamline the funding process, Assurity Capital relied on a previous valuation that had already been completed for the first mortgage lender.

Using an existing valuation can provide significant advantages in suitable scenarios, including:

• Faster approval timeframes

• Reduced upfront costs

• Simplified assessment process

• Accelerated settlement outcomes

Because the leverage remained relatively low and the security property was located in a premium Sydney suburb, the transaction was able to proceed efficiently without requiring a new full valuation report.

Flexible Second Mortgage Lending Solutions

Second mortgage lending can provide borrowers with a practical way to access property equity without needing to refinance their existing first mortgage.

This type of funding may assist with:

• Property development projects

• Investment opportunities

• Business funding

• Equity release

• Bridging finance

• Short-term capital requirements

For many borrowers, speed and flexibility are critical when securing opportunities or managing project timelines.

Why Borrowers Choose Private Lending

Traditional lenders often have lengthy approval processes and strict policy requirements that may not suit time-sensitive transactions or more complex borrower scenarios.

Private lending solutions can offer:

• Faster turnaround times

• Flexible assessment criteria

• Tailored loan structures

• Asset-backed lending solutions

• Second mortgage funding without refinancing existing facilities

At Assurity Capital, we focus on structuring practical lending solutions based on the strength of the overall transaction and security position.

The Outcome

Assurity Capital successfully facilitated the second mortgage funding, allowing the borrower to proceed with their property development plans efficiently and without unnecessary delays.

Settlement Highlights

• $500,000 second mortgage private loan settled

• Bellevue Hill residential property used as security

• Approximately 50% combined LVR

• Existing valuation accepted

• Streamlined approval and settlement process

• Funding provided for property development purposes

Specialist Second Mortgage & Private Lending Solutions

Assurity Capital is a specialist non-bank private lender providing:

• First mortgage loans

• Second mortgage loans

• Property development finance

• Investment lending

• Asset-backed lending solutions

• Short-term property finance

All loans are structured as non-coded facilities designed for borrowers seeking fast, flexible, and tailored funding solutions.

Contact Assurity Capital

📞 02 9389 1077📧 scenario@assuritycapital.com.au🌐 assuritycapital.com.au

All scenarios are indicative only and subject to lender assessment, borrower circumstances, security position, and approval criteria.