Second Mortgage in Concord: Unlocking Equity Through Private Lending

Unlocking Business Growth Through Commercial Equity

Accessing a second mortgage in Concord can be a powerful strategy for business owners who need fast working capital when banks say no. Unlike traditional lenders, Innovate Funding provides private lending solutions that prioritise speed, flexibility, and real-world outcomes.

That is exactly how we helped one Concord-based business owner access $200,000 in just two weeks, using a second mortgage to fund his company’s expansion.

The Challenge: Limited Financial History and Urgent Funding Needs

Our client had recently launched a promising business in Concord that was scaling quickly. However, the lack of a two-year trading history meant traditional banks rejected his loan application. The business urgently needed capital to:

• Purchase additional inventory to meet rising demand

• Pay suppliers and maintain supply chains

• Invest in marketing for continued growth

With limited time and mounting supplier pressure, a private second mortgage in Concord became the ideal path forward.

The Security: Strong Property Equity in Concord

The client owned a residential property in Concord valued at $1.2 million with an existing first mortgage of $580,000, leaving over $600,000 in available equity.

By leveraging this equity, Innovate Funding structured a second mortgage that unlocked the capital required without refinancing the existing home loan.

Why Private Lending Was the Ideal Solution

Private lenders take a flexible, asset-based approach to finance. Instead of focusing solely on income statements or tax returns, Innovate Funding assesses the strength of the property, the purpose of the loan, and the exit strategy.

In this case, private lending worked because:

• The client had substantial property equity

• The business showed strong short-term potential

• There was a clear exit plan to refinance after six months

• A fast settlement was essential to capture growth opportunities

This adaptability allowed Innovate Funding to create a bespoke funding solution perfectly suited to the borrower’s needs.

The Deal: How We Structured the Second Mortgage

Loan Details	Summary
Loan amount	$200,000
Loan type	Second mortgage (behind existing first)
Combined LVR	65%
Interest rate	1.25% per month (~15% p.a.)
Application fee	1.5%
Term	6 months
Purpose	Business working capital
Exit strategy	Refinance after financial improvement

This structure allowed the client to access the funds without disturbing the first mortgage, a key benefit of second mortgage lending in Concord.

Execution: From Approval to Settlement in Two Weeks

Speed was critical. Innovate Funding delivered:

• Conditional approval in 48 hours

• Valuation completed within five business days

• Settlement within two weeks

This quick turnaround enabled the client to pay suppliers, maintain momentum, and fund operations. Traditional banks would have taken up to eight weeks, far too long for a business in growth mode.

The Outcome: Immediate Growth and Successful Refinance

The $200,000 second mortgage provided instant access to capital. Within weeks, the business was able to:

• Restock inventory and meet surging customer demand

• Pay suppliers promptly, strengthening commercial relationships

• Launch marketing campaigns that boosted revenue

Six months later, the client successfully refinanced into a lower-rate facility, completing the planned exit strategy with ease.

Key Benefits of a Second Mortgage in Concord

This case highlights how private lending through Innovate Funding empowers business owners:

• Fast approvals and settlements completed within two weeks

• No need to refinance the existing first mortgage

• Flexible documentation and minimal red tape

• Tailored loan structures suited to business goals

Private second mortgages are the bridge between equity and opportunity, ideal for those seeking non-bank finance in Sydney and the Inner West.

When a Second Mortgage Makes Sense

A second mortgage in Concord can be used for:

• Business working capital or expansion

• Bridging between property purchases

• Renovation or development funding

• Debt consolidation or refinancing

• Cash flow for time-sensitive investments

If you have property equity and need quick funding, private lending can help you move forward confidently.

Why Choose Innovate Funding

At Innovate Funding, we specialise in private and non-bank loans across Australia, connecting borrowers with trusted private lenders.

Our Advantages

• Speed: Approvals within 48–72 hours

• Flexibility: Solutions for borrowers with limited financial history

• Tailored Lending: Every deal structured to suit individual goals

• Transparency: Clear terms, competitive rates, and expert guidance

Whether you are based in Concord, Sydney, or elsewhere in NSW, our team can help you unlock your property’s equity with confidence.

Contact Innovate Funding today to explore how a private second mortgage in Concord can help you achieve your goals.

Frequently Asked Questions (FAQs)

1. What is a second mortgage?

A second mortgage is a loan secured against your property’s existing equity, ranking behind your first mortgage. It enables you to access additional capital without refinancing.

2. How fast can a second mortgage in Concord be approved?

Approvals can occur within 48–72 hours, and settlement typically takes place within two weeks.

3. Why choose private lending instead of a bank?

Private lenders like Innovate Funding focus on equity and exit strategy, not rigid credit checks or long financial histories.

4. Can I keep my first mortgage in place?

Yes, a second mortgage works alongside your existing home or investment loan.

5. What are the interest rates for second mortgages?

Rates typically range from 12–18% per annum, depending on risk, term, and security position.

6. Do I need perfect financial records to qualify?

No. We assess the property’s value, the loan purpose, and the exit plan rather than requiring full tax returns.