At a glance
| Position | First-ranking registered mortgage |
|---|---|
| Loan size | $20,000 to $5,000,000 |
| Pricing | Generally the lowest of our secured options |
| Documents | ID, property details, purpose and exit |
| Funding | Often within 2–5 business days |
How first mortgage business loans work
If the property is debt-free, or you want to refinance an existing lender that's pushing you out, a first mortgage gives you the most borrowing power at the best private-lending pricing.
It's the option we recommend for larger amounts where you need a few months of breathing room, such as refinancing away from a bank in default management or funding a purchase while your financials catch up.
Who it suits
- Debt-free residential, commercial or industrial property
- Refinancing a lender that wants you out
- Larger loans with a 6–24 month exit plan
- Self-employed borrowers with late tax returns
How it works
- Check eligibility60 seconds online, with no credit score impact.
- Talk to a specialistWe confirm the amount, property and exit plan the same day.
- Get a written offerEvery cost set out clearly, often with just a desktop valuation.
- Sign and settleE-sign, we lodge the security, and funds land in as little as 24 hours.
What you'll need
- Photo ID for each borrower and guarantor
- Property address and who owns it
- What's owing on the property (if anything)
- The loan purpose and your exit plan
Not needed: No tax returns, financial statements, BAS or accountant letters.
Refinancing away from a bank's default team
A Perth manufacturer breached a bank covenant after one bad year, and the bank wanted out within 30 days. We refinanced the factory with a $2.1 million first mortgage in eight days, giving the owner 12 months to rebuild the numbers and move back to a mainstream lender.
Frequently asked questions
Is a first mortgage faster than a bank loan?
Much faster. A bank typically takes four to eight weeks for a commercial loan. A private first mortgage can settle in days because it doesn't depend on financials or a credit committee.
Can you refinance my existing bank loan?
Yes. We can pay out your current lender and take first position, which is a common fix when a bank has asked you to refinance or has frozen your facility.
What terms are available?
First mortgages are short-to-medium term, with interest-only or capitalised-interest structures to protect cash flow.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
Will checking my eligibility affect my credit score?
No. Our 60-second eligibility check doesn't make a credit enquiry. A credit check is only done later, with your consent, if you decide to proceed.
