Funding for
Refinance a private loan
Your private loan — a caveat, second mortgage or bridging facility — is reaching its term and the exit you planned hasn't landed yet. Refinancing replaces it with a fresh facility against the same property, so the maturing loan is cleared on time, default interest stops, and you buy the weeks the sale, settlement or bank refinance still needs. Often settled in days, subject to assessment.
Indicative only — subject to assessment. Placeholder figures.
When a private loan reaches its term
Short-term private loans are written around an exit — a property sale, a bank refinance, a deal completing. When that exit slips, the loan still matures on its date. Past the term, most facilities step up to a default interest rate, and the enforcement timeline on a caveat or registered second can be short. Refinancing resolves it cleanly: the maturing loan is paid out in full, on time, and a fresh facility resets the runway while your real exit catches up.
How a refinance works
We pay out your current facility and secure a new one against the same property — usually a caveat or a registered second mortgage, depending on the position behind your first mortgage and how long you need. If your circumstances have improved since the original loan, with a firmer exit, more equity or a signed contract, the new facility is priced to where you stand now rather than where you were. Where the loan sits behind a first mortgage, we confirm the priority position before anything is committed, so there’s no surprise at settlement.
What it’s typically used for
- A caveat or bridging loan maturing before a sale settles
- A second mortgage at term while a bank refinance is still in assessment
- A facility already accruing default interest that needs paying out fast
- Rolling two short-term loans into one cleaner facility
- Moving from a caveat to a registered second for a longer, lower-cost runway
What we’ll need
The payout figure and term of your current loan, the property and its security position, and a realistic exit — the sale, refinance or cash event that clears the new facility. Borrowing is business-purpose, by a company or trust. With those in hand an indicative position is usually quick, and settlement often follows in days. Indicative terms are representative and subject to assessment.
- Companies or trusts with a maturing private loan and a clear, dated exit
- Borrowers whose exit slipped past the loan's term — a sale, refinance or cash event still landing
- Anyone already paying default interest who needs the facility paid out fast
- A position that has improved since the original loan, where a refinance can re-rate it
- Owner-occupier consumer borrowers (business-purpose only)
- A maturing loan with no realistic repayment or exit in sight
- Cases where the numbers no longer support the combined LVR
How it compares
FAQ
Can you refinance a loan that's already past its term?
Usually yes. Paying out a facility that has tipped into default interest is one of the most common reasons borrowers refinance — the priority is clearing it quickly. We confirm the payout figure and position first.
Will refinancing lower my rate?
It can, if your position has improved — a firmer exit, more equity or a signed contract lets the new facility be priced to where you stand now. It isn't guaranteed, and terms are subject to assessment.
Do you need my first lender's consent?
Where the loan sits behind a first mortgage as a registered second, the first lender may need to agree a priority arrangement. We confirm that position upfront so there's nothing to resolve at settlement.
How fast can it settle?
Often within days once we have the payout figure, the security details and a clear exit — which matters most when a default rate is already accruing.
Refinance your maturing loan.
The payout figure, the property and your exit. We'll confirm the position and come back to you fast.
You deal with us start to finish.
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