Private Loan Solutions in Leichardt: A Case Study

When property owners need fast, practical refinance options—especially when plans change—private lending can provide the agility traditional lenders cannot. Assurity Capital recently settled a First mortgage private loan in Leichardt, secured against a mixed-use terrace valued at $1.7 million. This deal highlights our ability to provide tailored funding solutions supported by a strong, clear exit strategy.

The Scenario: Borrowers Pivot Away From Construction

The borrowers had previously obtained funding from a private construction lender. Their initial plan was to complete renovation works on their mixed-use property in Leichardt. However, midway through the process, they made a strategic decision:

• They no longer wished to proceed with construction.

• Their new objective was to refinance the existing loan and prepare the property for sale.

  
  

Because their original lender specialized in construction finance, the borrowers required a new private lending partner. They needed someone who could deliver a fast refinance aligned with their updated goals.

Assurity Capital's Solution - Private Loan Leichardt

First Mortgage Refinance

Assurity Capital provided a $1,105,000 First mortgage private loan. This amount represented 65% LVR against the property’s $1.7 million value. This refinance replaced the previous private lender and positioned the borrowers to move toward their sale strategy.

Additional Second Mortgage to Cover Shortfall

During the assessment, a small shortfall was identified. To ensure the refinance could proceed without delay, Assurity Capital advanced:

• $130,000 as a Second mortgage,

• Bringing total exposure to 72% LVR.

  
  

We were comfortable supporting this position due to the strength of the exit strategy. The borrowers were required to list the property for sale, providing a clear and achievable repayment path.

Why This Deal Worked

Flexibility

Assurity Capital can adapt quickly when borrowers’ plans or circumstances change. Our team understands that life can be unpredictable, and we strive to provide solutions that fit evolving needs.

Asset-Based Lending Approach

Strong collateral and a defined sale-based exit strategy made both the First and Second mortgage positions viable. This approach ensures that we can support borrowers effectively, regardless of their situation.

Practical, Real-World Support

When timelines shift, Assurity Capital provides sensible solutions that keep borrowers on track. Our focus is on delivering practical assistance to help clients navigate their financial journeys.

The Importance of Fast Financing

In real estate, timing is crucial. Delays can lead to missed opportunities. This is why having a reliable private lending partner is essential. Assurity Capital understands the urgency of refinancing and works diligently to ensure our clients can move forward without unnecessary delays.

Outcome

With both the First and Second mortgage facilities in place, the borrowers successfully refinanced their previous lender. They resolved their shortfall and prepared to bring the mixed-use terrace to market. This successful First mortgage private loan in Leichardt demonstrates Assurity Capital’s commitment to delivering fast, flexible, and asset-driven lending solutions.

Conclusion

Private loans offer a viable alternative for property owners facing changing circumstances. Assurity Capital stands ready to assist those in need of quick and effective financing solutions. Our experience in the field allows us to provide tailored options that meet the specific needs of our clients. If you find yourself in a similar situation, consider reaching out to explore how we can help you achieve your financial goals.

For more information about our services, visit Assurity Capital.