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Short Term Property Loans
Prudential Finance private property loans are secured by first mortgage or second mortgage over real estate. This type of loan is also known as “Asset Lending” finance. Private property finance is for company borrowers who have reached their credit limit with the Banks and wish to continue purchasing property, or cannot demonstrate serviceability through traditional means for Banks.
An individual qualifies for a private property loan & investment property loan, if the property is classified a commercial property.
If you have more time to settle your loan, then see our page Private Property Loans, for a cheaper solution.
Q&A
A short term property loan is a bridging facility secured by real estate, designed to provide funds urgently for business, commercial or investment purposes. It is not a consumer credit product.
Common scenarios include settling a property acquisition before existing finance is in place, completing a development when funds are short, paying out urgent creditors, or bridging to a longer-term refinance.
LVRs are typically up to 65 percent for commercial security and up to 70 percent for residential security, with second-mortgage facilities available at reduced gearing.
Indicative pricing starts from around 7.5 percent per annum for low-risk first-mortgage scenarios, with more urgent or second-mortgage loans priced from around 1 to 2 percent per month. Rates are quoted per application.
Eligible security includes residential, commercial, industrial, retail, rural and development-site real estate, both in metropolitan and regional Australia.
Short term property loans can typically settle within one to two weeks, with some simple first-mortgage scenarios capable of settling in a matter of days.
Yes. Indicative terms can often be issued within 24 to 48 hours, providing certainty of funding ahead of auction, contract exchange or settlement deadlines.
Typical requirements include a completed application, company and director details, property information, recent valuation if available, purpose of funds and a clear exit strategy.
Terms typically range from one to twelve months. Loans are generally not designed for long-term holding and should be paired with a clear exit plan at the outset.
Extensions are generally available subject to renewed terms and fees. Borrowers should communicate delays early to allow orderly extension arrangements.