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Private First Mortgage Loans Australia – Fast, Flexible & No Docs
Looking for a private first mortgage loan in Australia without the delays, paperwork, or bank roadblocks? At Innovate Funding, we provide fast, flexible first mortgage lending solutions to property owners, investors, and businesses Australia-wide. Whether you're purchasing, refinancing, or unlocking equity, our non-bank first mortgage loans are designed to move quickly and fund deals the banks can’t.
With rates from 8.75% p.a. and loan terms up to 12 months, we help you secure the capital you need without the stress.
What is a First Mortgage Loan?
A first mortgage is the primary loan secured against a property, giving the lender the highest-ranking claim over the asset. In the event of a default, the first mortgage lender has the legal right to recover funds through the sale of the property, before any other creditors.
These loans are commonly used across Australia for property acquisitions, business funding, construction projects, bridging finance, and refinancing existing debts. The senior security position typically results in more competitive interest rates and lower risk for lenders compared to second mortgages or unsecured loans.
At Innovate Funding, we specialise in structuring private first mortgage loans that align with your goals — whether you are purchasing, refinancing, or unlocking equity.
Why Choose a Private First Mortgage Over a Bank Loan?
Traditional lenders can be slow, inflexible, and heavily reliant on income documentation or credit history. A private first mortgage lender like Innovate Funding takes a different approach — we prioritise the strength of the security, the exit strategy, and the urgency of your need.
Our private funding model allows us to move quickly and structure loans around your real circumstances, not bank bureaucracy. Whether you’re a borrower in need of fast approval or a broker looking for reliable lending support, we can help.
Private first mortgage loans are ideal for:
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Borrowers who need fast finance without lengthy bank processes
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Clients who are asset rich but income constrained
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Business owners dealing with urgent cash flow needs
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Property investors looking for bridge funding or short-term capital
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Developers requiring funds for land acquisition or residual stock
With turnaround times as fast as 3–5 business days, our solutions are built for when time and flexibility matter most.
Why Choose a Private First Mortgage Over a Bank Loan?
At Innovate Funding, we offer private first mortgage loans tailored to suit a wide range of borrower profiles and asset types. Below is an overview of our standard lending parameters:
Lending Criteria | Details |
|---|---|
Loan Size | $50,000 - $20,000,000+ |
Interest Rates | Starting from 8.75% per annum |
Loan Term | 3 to 12 months (longer terms assessed case-by-case) |
LVR (Loan-to-Value Ratio) | Up to 65% (higher possible on stronger assets) |
Security Accepted | Residential, commercial, industrial, land (max 50%), residual stock |
Locations | All major cities and semi- regional areas across Australia |
Repayment Options | Interest-only or capitalised interest |
These terms are designed to provide maximum speed and flexibility, especially when timing is critical or banks have declined your application.
When to Use a First Mortgage Loan
A private first mortgage can unlock capital at crucial moments particularly when traditional lenders aren’t an option or can’t move quickly enough. At Innovate Funding, we specialise in providing fast, flexible first mortgage loans designed to meet urgent financial needs across a variety of scenarios:
Property Purchases
Secure a residential or commercial property quickly, especially in competitive markets where delayed finance could mean losing the deal. Innovate Funding supports rapid settlements with minimal red tape.
Bridging Finance
Bridge the gap between buying a new property and selling an existing one. Innovate Funding provides short-term first mortgages to help you act fast and maintain momentum.
Business Cash Flow
Use the equity in your property to inject working capital into your business, clear ATO debt, or fund day-to-day operations. We support business owners with pragmatic loan structures that work in the real world.
Refinancing Existing Loans
Pay out more expensive second mortgages or caveat loans by refinancing into a more secure and affordable first mortgage — with Innovate Funding managing a fast, seamless transition.
Construction & Development
Fund land acquisitions, progress payments, or residual stock sales with flexible drawdowns and manageable interest structures. Innovate Funding is experienced in supporting developers across all stages of the project lifecycle.
No matter the purpose, Innovate Funding will structure a loan that aligns with your timing, exit strategy, and financial goals — fast, professionally, and without bank delays.
Who We Work With at Innovate Funding
At Innovate Funding, we provide private first mortgage loans to a wide range of borrowers across Australia from individuals to businesses, property professionals, and referral partners. Whether you’re applying directly or representing a client, we make the process simple and solution-focused.
Our first mortgage loans are trusted by:
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Property Investors needing urgent capital to secure deals or fund renovations
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Business Owners seeking short-term working capital secured against property
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Developers looking for acquisition funding, construction capital, or settlement top-ups
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Borrowers with Non-Traditional Income such as self-employed clients or those with recent credit events
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Brokers and Accountants searching for private lending partners to help clients when banks say no
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Companies and Trusts requiring flexible structures and fast turnaround
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Clients in Time-Sensitive Situations, such as auctions, expiring finance clauses, or urgent refinance deadlines
With Innovate Funding, you're not just getting a loan — you're gaining a funding partner that understands urgency, property, and the practical realities of finance in today’s market.
Case Study: $1.2M First Mortgage Loan – Business Acquisition
Amount | $1,200,000 |
Exit Strategy | Refinance to a mainstream lender within 6 months |
LVR (inc Rates) | 65% |
Location | Eastern Suburbs, Sydney |
Security | Owner-occupied residential property valued at $2.1M |
Use of Funds | Business partner buyout + ATO debt clearance |
A business owner approached Innovate Funding after their bank declined a loan to buy out a departing partner. Time was critical, and the borrower needed to act within two weeks to secure full ownership and maintain operational control.
Within 48 hours, we issued indicative terms. Our team arranged valuation, legal, and settlement support to complete funding within 6 business days. The first mortgage was secured against the borrower’s residential property with capitalised interest for the full term.
“The team at Innovate Funding gave us options when the bank said no. We needed someone who could move fast and understand the full picture and they delivered.”
This case highlights how Innovate Funding provides outcome-driven solutions where banks fall short — with speed, flexibility, and common sense at the core of every deal.
Frequently Asked Questions – First Mortgage Lending
How quickly can Innovate Funding settle a first mortgage loan?
We can issue indicative terms within 24–48 hours and, in many cases, complete settlement in as little as 3–7 business days. Timing depends on valuation, legal reviews, and how quickly required documents are returned.
Can I get a private first mortgage if I have bad credit?
Yes. Innovate Funding considers the strength of the security property and the exit strategy — not just your credit score. We regularly assist self-employed borrowers, clients with previous credit issues, or those declined by banks.
Do I need full financials to apply?
No. We accept full-doc, low-doc, and no-doc scenarios. Many of our clients are asset-rich but have complex income situations that don’t fit traditional bank criteria.
What types of property do you accept as security?
We accept a wide range of assets including:
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Residential homes and units
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Commercial and industrial properties
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Vacant land (with or without DA)
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Residual stock
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Development sites
We can also consider cross-collateralised security if multiple properties are involved.
Can interest be capitalised?
Yes. For many of our first mortgage loans, interest can be capitalised (prepaid or added to the loan amount), particularly when there’s no regular cash flow or the loan is being repaid via refinance or sale.
Do you work with brokers and advisers?
Absolutely. Innovate Funding partners with brokers, accountants, and financial advisers Australia-wide. We offer generous referral terms, fast service, and transparent communication throughout the process.
Ready to Secure a First Mortgage Loan? Let’s Talk.
Whether you're a borrower looking to act quickly or a broker seeking a reliable private lender, Innovate Funding is here to help. We offer fast, flexible first mortgage loans across Australia — with tailored solutions, common-sense credit, and a team that genuinely understands how to get deals done. To get started:
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Submit a deal scenario online
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Email us at deals@innovatefunding.com.au
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Or call us (02 8919 3639) for a confidential discussion about your funding needs
Most clients receive indicative terms within 1–2 business days. We’ll guide you every step of the way — from valuation and legal through to settlement.
Explore More Private Lending Solutions
Looking for other funding options? Innovate Funding also offers: