Access Property Equity for Business Purposes Without Refinancing Your First Mortgage
If you have an existing first mortgage that you prefer to leave in place, a business-purpose second mortgage allows you to access available property equity for approved commercial or business purposes without refinancing the existing facility.
Subject to lender criteria, property value, existing mortgage terms and security requirements, second mortgage finance can often be arranged quickly while the first mortgage remains in place.
Second Mortgage Advantages
Flexible Lending Solutions
Credit-impaired borrowers accepted
Fast access to property equity
Loan amounts from $25,000 to $10 million
24-hour settlements availablel
No refinance of your first mortgage
Fast Business Loans
A second mortgage is a property-backed finance facility that is secured behind an existing first registered mortgage.
The first mortgage holder retains priority over the security property, allowing a second mortgage to be established behind the existing security interest, subject to the requirements of the relevant lenders and applicable laws.
A second mortgage provides an efficient way to access available equity in eligible residential, commercial, industrial or rural property without replacing an existing first mortgage. This type of finance is commonly used for business, investment and other approved funding purposes.
Approval Within Minutes
Business-purpose second mortgages can be organised over the phone in minutes with just:
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a copy of the security property council rates notice,
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a mortgage statement,
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and 100 points of identification.
No credit checks, tax returns, BAS statements, business financials or payslips are required, giving you fast access to business-purpose funding without a drawn-out assessment process.
Property-Backed Short-Term Business Finance
Second mortgages provide short-term property-backed finance for approved business and commercial purposes. They can be used to access available equity without refinancing your existing first mortgage.
No Credit Check Business Loans
No credit checks are required. If you have impaired credit and available property equity, a business-purpose second mortgage can provide fast access to commercial funding.
Pay Off/Consolidate Business Debt
If your business has existing debts or ATO obligations, available property equity can be used to refinance or consolidate eligible business liabilities into a new commercial finance facility.
Business Capital on Demand
With a simple approval process, you can access business capital within 24 hours. Second mortgages can support working capital, business expansion, start-ups and other approved commercial purposes.