Solutions / Specialty
Second Mortgage & Mezzanine Finance Australia
Structured capital to solve equity gaps without refinancing senior debt
Overview
Unlocks capital without refinancing the senior loan.
Registered second mortgage or mezzanine positions behind existing senior lenders. Unlock capital for equity release, cost overruns, or project completion without disrupting your existing facility.
Best For
- Equity release behind an existing senior lender
- Capital shortfalls or cost overruns
- Projects needing completion or liquidity support
Key Features
- Second mortgage or mezzanine positions
- No need to refinance existing senior debt
- Terms up to 12 months
- Loan sizes from $250k to $5m
- Priced for risk and execution speed
- Works with most senior lenders
Parameters
Eligibility criteria
Position
Second mortgage or mezzanine
Combined LVR
Up to 80-85%
Minimum Loan
$250,000
Maximum Loan
$5,000,000
Term
Up to 12 months
Senior Lender
Must consent to second mortgage
Pricing
Indicative fees
Indicative only. All pricing is set by the lender and subject to credit assessment, security quality, and borrower profile.
Establishment Fee
2-4%
Higher due to subordinate position
Interest Rate
14-20% p.a.
Reflects mezzanine risk
Exit Fee
Nil
Checklist
Required documents
01
Borrower ID
02
Entity Documentation
03
Senior Loan Facility Agreement
Current facility terms
04
Senior Loan Statement
Current balance and status
05
Current Valuation
06
Exit Strategy
Clear repayment pathway
All applications subject to credit approval. Senior lender consent required. Intercreditor arrangements may apply.
Does my senior lender need to consent?
Yes, consent from the existing senior lender is required before a second mortgage can be registered.
What is the maximum combined LVR?
Combined LVR (first + second mortgage) typically up to 80-85% depending on the security and senior lender terms, subject to funding partner assessment.
What can the funds be used for?
Common uses include equity release, cost overruns, project completion, deposits, or short-term liquidity needs.
How quickly can funding occur?
Subject to senior lender consent, valuation, and funding-partner approval, funding can occur within 2-4 weeks.
Coverage
Second Mortgage / Mezzanine by Location
Find private lending services across Australia's major cities and suburbs.
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