top of page
Search

Private Lending First Mortgage - Mossman NSW 2088

  • Innovate Funding
  • 2 days ago
  • 3 min read

When time is money, private lending becomes the smarter choice. A recent deal we funded in Mosman, NSW highlights exactly why more borrowers are turning to non-bank lending when banks simply can’t move fast enough. In this case, the client needed $250,000 in working capital. And they needed it fast. Their request? A 3-day turnaround. Our team at Innovate Funding moved quickly and had everything ready within that timeframe.


private lending first mortgage Mossman NSW

But as often happens, the delay wasn’t on our side. The client's bank held things up, extending the turnaround to a week. Even so, we delivered. No long queues. No red tape. No second-guessing.


We offered a first mortgage at 8.75% interest for a 4-month term, tailored specifically to the client’s short-term funding needs. Let’s break this deal down and explain what makes private lending an agile, reliable solution in today’s market.


The Challenge: Urgent Working Capital, Traditional Lenders Too Slow

Our client, a Sydney-based business owner with a property in Mosman, needed urgent working capital to cover a critical operational gap. They weren’t refinancing or purchasing. This was about maintaining momentum in their business without dealing with lengthy bank processing times.

They had clear equity. The property was in a prime suburb. The use of funds was transparent and legitimate. But the banks still moved at a slow pace.

The issue wasn’t about eligibility. It was about timing.

The client approached us asking if we could structure a first mortgage loan and settle within 3 days. We said yes.


The Solution: First Mortgage Loan, Tailored and Fast

This is where private lending truly delivers. Here’s how we structured the deal:

  • Loan Amount: $250,000

  • Security: First mortgage over a residential property in Mosman, NSW

  • Interest Rate: 8.75% p.a.

  • Term: 4 months

  • Use of Funds: Working capital for business operations

  • Turnaround: Target of 3 days. Actual settlement in 7 days due to delays with the bank

From application to approval, we were ready to settle in 72 hours. The client was responsive. Legal documentation was fast-tracked. Valuations weren’t required due to the low LVR and quality of the security.

The only delay came from the bank. Releasing the title took longer than expected. Ultimately, we settled within one week, which was still a win for the client.

For more details on how we structure loans like this, see our guide to short-term business loans.


Why Mosman, NSW Was Key to This Deal

Mosman is one of Sydney’s most affluent suburbs. Median house prices exceed $4.6 million, making properties in the area highly suitable as security for first mortgage private loans. The subject property had strong equity and minimal existing debt. This gave us the confidence to proceed quickly, even without a full valuation report.

For borrowers in prestige suburbs like Mosman, private lending offers a smart solution to access capital without disrupting long-term financing arrangements.


Why First Mortgages Are Powerful in Private Lending

Many borrowers still think private lending only applies to second mortgages or caveat loans. That view is changing.

First mortgage private lending is becoming increasingly popular as borrowers seek faster solutions. It allows:

  • More flexible terms

  • Competitive interest rates

  • Fast execution

  • Streamlined documentation

  • Custom solutions for unique situations

In this case, a short-term loan at 8.75% p.a. gave the client breathing room to manage business operations without jeopardising their long-term financial plan.

If you're not sure whether a first or second mortgage is right for your client, our loan product options can help.


The Private Lending Advantage: Speed, Simplicity, Certainty

What made this deal successful wasn’t just the interest rate. It was our ability to:

  • Understand the borrower’s needs immediately

  • Make quick, risk-based decisions

  • Coordinate legal and settlement processes efficiently

  • Maintain clear and open communication

Private mortgage lending doesn't aim to replace banks. It fills the gap when banks can’t move fast enough. When clients need quick access to capital to seize an opportunity or solve a problem, private lending delivers outcomes in real time.


Key Takeaways from This First Mortgage Deal

If you're considering a private loan secured by a first mortgage, here’s what this Mosman deal reveals:

  1. Equity-rich properties in blue-chip areas are ideal for fast funding.

  2. Short-term private lending is a powerful tool for business cash flow.

  3. Private lenders can settle in days, not weeks.

  4. Delays often come from external parties, such as banks or title holders.

  5. Clear communication ensures smooth, successful transactions.

Want to know how fast we can settle your next deal? Learn more about how our process works.


Considering a Private First Mortgage Loan?

At Innovate Funding, we partner with brokers and borrowers to deliver fast, reliable private lending solutions backed by property assets. Whether your client needs funds in 3 days or 3 weeks, we work with urgency, clarity, and flexibility to make it happen.

If you’re ready to discuss your next deal, get in touch with our team.

bottom of page