Unlock equity without disturbing your existing first mortgage.
Takes 30 seconds. No obligation.
A specialist will contact you as soon as possible. Prefer to talk now? Call 1300 986 166.
Property Funding Co. provides second mortgage loans through non-bank lenders and private capital providers, helping clients access flexible property finance with fast turnaround and structures tailored to the deal.
A second mortgage sits behind your existing first mortgage, secured against the same property. It lets you access the equity you have built, for business cashflow, investment or a timing gap, without refinancing or disturbing the first loan.
A second mortgage ranks behind the first mortgage in repayment priority. If the property is sold while money is still owed, the first mortgage is repaid from the sale proceeds before the second.
You are not tied to your original lender either: a second mortgage can be arranged with a different lender from the one that provided your first.
Access equity without refinancing the existing loan.
Built around the equity and the purpose.
Shaped around your purpose and exit.
Access to lenders comfortable with second-ranking security.
A second mortgage ranks behind your existing first mortgage and is priced for that extra risk, so it usually costs more than a first. When your current first mortgage is on good terms, a second can be cheaper overall than refinancing the whole facility just to pull out equity. See our first mortgage page to compare.
A clear path from your first enquiry to funded.
Tell us the property, the existing first mortgage and the amount you need.
We confirm the available equity, arrange first-mortgagee consent where needed, and present indicative terms.
Documents are prepared and the second mortgage settles behind your existing loan.
You service the second mortgage alongside your first for the agreed term.
Clear the loan from a sale, a refinance or your planned exit.
On repayment the second mortgage is discharged from the title.
Answers to the questions we're asked most often.
Often, yes. A second mortgage is secured against your property rather than your personal credit history, so we do not run credit checks. Where the property holds enough equity and there is a clear exit, we can frequently arrange funding that mainstream lenders would decline.
Usually within a day or two of you providing all the required information. The more complete your initial details, the faster we can move.
No. We assess the property and the existing first mortgage rather than relying on income verification.
It depends on the property and the lender's policy. As a guide, combined lending (first plus second) is often available up to between 80% and 100% of the property's value. Tell us the numbers and we will confirm what is possible.
We structure finance around the asset and the exit, not a rigid credit box.
Non-bank lenders and private capital providers, not one balance sheet and not one set of rules.
We structure funding around the asset and the exit, by people who understand property.
Built for borrowers who need certainty and speed when an opportunity will not wait.
Solutions shaped to your scenario, not forced through rigid bank criteria.
Share the deal and we'll come back with indicative terms, usually within 24 hours. Prefer to talk? Call us directly.
A specialist will contact you as soon as possible. Prefer to talk now? Call 1300 986 166.