Quick snapshot:
Loan Type: Second Mortgage Loan
Loan Amount: $500,000
Security: Two residential properties in Western Australia
Problem: Urgent capital needed to meet time-sensitive contractual obligations
Solution: Second mortgage loan to access equity without disrupting primary mortgage
Contract opportunities don’t wait for bank approvals. One Western Australian client found themselves in exactly that position. They had secured a profitable project but faced a critical deadline they couldn’t meet because supplier payments were due and cash flow was tight. Traditional lenders couldn’t move fast enough, and the risk of missing the milestone was very real.
This wasn’t a case of poor planning. The client had done the groundwork, secured the agreement, lined up suppliers, and arranged logistics. But receivables were delayed, their credit facility was stretched, and without urgent capital the whole contract was at risk. Missing the deadline would have meant lost revenue and damage to their reputation.
$500,000 Secured in Days Using Equity in Two Residential Properties
When they came to Bridging Loans, time was already against them. We immediately reviewed their position and identified a clear solution: a second mortgage loan secured against two residential properties in Western Australia.
Second mortgages are a straightforward way to unlock equity quickly when a first mortgage is already in place. They allow access to funds without disturbing existing finance or waiting on lengthy reassessments from the bank.
We moved quickly, assessed the properties, structured the loan, and issued terms within 24 hours. The $500,000 was funded in just days. With this cash injection, the client was able to:
- Pay critical supplier invoices
- Maintain good standing with their contract partner
- Deliver the project on time and within scope
Meeting Obligations, Preserving Relationships
With funding in place, the client delivered on the contract without disruption. No penalties were incurred, no contracts lost, and their supplier relationships stayed strong. This short-term loan provided the breathing room needed to protect both their revenue and their reputation at a crucial moment.
Repayment Achieved Without Compromising the First Mortgage
Once the project was complete and revenue began flowing in, the client repaid the second mortgage in full. The transaction closed smoothly, with no impact on the existing first mortgage and no long-term financial strain.
Why This Worked
This outcome was possible because of:
- Swift assessment and execution
- Clear understanding of property-secured lending
- Transparent terms and an agreed exit strategy
At Bridging Loans, we specialise in short-term, asset-backed finance designed to move as quickly as your business needs. Whether it’s a second mortgage, caveat loan, or bridging loan, we focus on delivering funding solutions that work on your timeline, not the bank’s.