Private Lending in Sydney’s Eastern Suburbs

Sydney’s Eastern Suburbs – Bondi, Bronte, Coogee, Clovelly, Randwick, Maroubra, Vaucluse, Rose Bay, Watsons Bay, Paddington, Double Bay, Kensington and surrounds – are home to some of Australia’s highest-value properties and most in-demand development sites. The area’s fast-moving market means waiting weeks for bank finance can mean missed opportunities.

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Private lending is the faster, smarter alternative. At Innovate Funding, we provide first mortgages, second mortgages, bridging loans, equity releases and subdivision finance tailored for property owners, investors, and developers in the East.

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Competitive Rates for Eastern Suburbs Borrowers

Speed doesn’t have to mean high costs. Innovate Funding is committed to delivering fast funding at some of the most competitive rates in the market:

• First mortgage rates from 8.75% p.a.

• Second mortgages from 1–2% per month

• Transparent, flexible fee structures

Our private capital network and local knowledge mean we can often structure sharper pricing or higher LVRs than boutique or single-source lenders. Whether you’re funding a subdivision in Randwick or bridging for a Vaucluse purchase, our goal is to keep your finance both fast and affordable.

Get your rate quote today »

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Why Private Lending Works in the Eastern Suburbs

• Subdivision and redevelopment potential: Large blocks are often split into duplexes, townhouses, or prestige apartments.

• High property values: More equity means larger loans are achievable, especially in suburbs like Bondi, Rose Bay and Double Bay.

• Speed matters: Competing buyers and short settlement periods require lenders who can move fast.

Private lending helps you unlock capital quickly, whether you’re subdividing a block in Randwick, finishing a build in Coogee, or land banking in Rose Bay.

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Our Lending Options

• First Mortgages – Up to 65% LVR for site acquisitions, construction funding or working capital.

• Second Mortgages and Top-Ups – Add funding behind an existing bank loan, often reaching ~75% combined LVR.

• Bridging Loans – Secure your next purchase before selling, ideal for prestige properties in Vaucluse or Watsons Bay.

• Subdivision & Development Finance – Short-term capital for DA lodgements, civil works, or staged builds.

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Loan Sizes, LVRs and Terms

• Loan amounts: $50,000 – $20M+

• Security: Residential, commercial, development or mixed-use properties

• LVR: Up to 65% first mortgage; ~75% with second mortgage

• Rates: First mortgages from 8.75% p.a.; second mortgages 1–2% per month

• Terms: 3–12 months, flexible exits

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Example Client Scenarios

• Randwick Subdivision: Owner needed $800K to fund DA and subdivision works. Innovate Funding provided a second mortgage after the bank declined.

• Vaucluse Bridging: Investor required a $3M loan to secure a prestige home before selling. We settled in 3 days at 60% LVR.

• Bondi Equity Release: Developer released $1.2M using a first mortgage to purchase an adjoining lot for future units.

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FAQs – Eastern Suburbs Private Lending

Can you fund a subdivision loan without DA approval?
Yes. We often fund at DA or pre-DA stage if there’s strong equity.

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Can you provide a second mortgage behind my bank loan?
Yes, second mortgages and top-ups are a core service, often used for cashflow or project funding.

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How fast can you settle?
Approvals within 24 hours; settlement generally in 48–72 hours if docs are ready.

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What types of property do you accept?
Luxury homes, apartments, duplex sites, subdivision land, commercial or mixed-use.

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Are these loans for personal use?
No. All loans are for business or investment purposes only.

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Take the Next Step

Ready to move on your Eastern Suburbs opportunity?
Contact Innovate Funding for a fast, competitive quote today. We’ll tailor a solution – first mortgage, second mortgage, bridging or subdivision finance – to keep your project moving.

Enquire Now »