First mortgage finance in Brisbane.

Brisbane has been one of the country's fastest-growing capitals, adding roughly a thousand new residents a week, and on CoreLogic figures the median house value has pushed past $1.2 million. That means a large base of self-employed owners, investors and developers all chasing property where the sums are real, and so is the cost of missing a deal because bank finance did not come through in time.

Banks still knock back sound borrowers for reasons that have nothing to do with the asset: self-employed income, a short-lease commercial building, a development site, a purchase that has to settle before the credit committee will next meet. A private first mortgage assesses the property and the exit first, which clears deals that would otherwise sit in a queue.

Think of it as the same senior loan a bank would write, taken to a private lender instead. They rank first on the title, exactly as a bank would, but they weigh the property and the exit rather than running your income through a servicing model, and they can settle in days. That makes it a fit for self-employed owners, a purchase on a tight settlement clock, a refinance off an expiring facility, or a property a bank filed as too hard.

Pricing follows the risk and the loan-to-value ratio, and the loan usually runs interest-only across a term of several months to a couple of years. If what you really need is to borrow against equity while keeping an existing first loan in place, that is a second mortgage, and we would point you there instead.

We place Brisbane first mortgages from the Gold Coast. The lender's valuer inspects the property on the ground; the rest, the lender relationship and the documentation, we run from here.