June 3rd | 2026

Scenario:
A broker approached Prime Finance seeking a 2nd mortgage at 75% LVR, secured against their residential property, to purchase a new business. The amount requested was $100,000.

Solution:
Prime Finance can provide a 2nd mortgage facility at 12% p.a., structured with interest only repayments over 6 moths.

Key Takeaways:

✅ $100,000 2nd Mortgage approved at 75% LVR

✅ Structured with principal & interest repayments (not interest-only)

✅ Competitive private lending rates from 12% p.a.

✅ Flexible loan terms (3-12 months)

✅ Fast approval process, case-by-case assessment

✅ Suitable for business acquisition funding when banks may not support

✅ Clear exit strategies: refinance, business cash flow or asset sale

Outcome:
Prime Finance can proceed with this transaction, subject to valuation and standard due diligence. This tailored I&O facility provides the borrower with the capital required to acquire the new business.

📩 Enquiries:
enquiries@primefinance.com.au