How a Developer Accessed $3.2M at 65% LVR from a Private Lender in 5 Days for Acquisition

Fast, asset‑backed approval: valuation‑led, legal in parallel, and funds wired in 5 days to secure the acquisition at 65% LVR.

Industry: Property development (SPV with director guarantee)
Loan type: Private lender first mortgage with cash‑out buffer for adjustments and stamp duty
LVR: 65% against independent valuation on the target site
Turnaround: Term sheet in 36 hours, unconditional in day 9, settled day 11
Location: Greater Melbourne growth corridor
Result: Acquisition completed on time, vendors retained, and works program commenced without delay

A Melbourne‑based developer had an executed contract and a hard deadline, but bank processing delays pushed well past vendor tolerance, risking forfeiture of deposit and DD sunk costs.
The project economics were solid—clean site, growth‑corridor comp set, and a realistic feasibility—but taxable income optics and timing made mainstream credit slow and uncertain.
The developer needed fast, asset‑backed funding at a sensible LVR with a clear exit once planning milestones were achieved, prioritising certainty over marginal rate differences.

The developer faced a hard deadline with a vendor unwilling to extend, while a major bank stalled on post‑credit queries and pushed timelines beyond feasibility. Speed and certainty mattered more than marginal rate differences.
The file showed strong equity and a sensible exit after planning milestones, but taxable income optics didn’t reflect the project’s real economics—an area where private lenders focus on security, equity, and viability instead.
A peer referral (and finding the private lending page via search) highlighted recent fast settlements for asset‑backed deals, prompting a direct enquiry for indicative terms within 24–48 hours.

How It happened?

Day 0: Urgent discovery call and file triage. A lean checklist was issued (ID/KYC, SPV search, executed contract of sale, feasibility summary, recent QS inputs, rates/land tax, site details). Valuation was booked immediately to protect the acquisition window.
Day 1: Indicative term sheet at 65% LVR issued within 24 hours, including total costs, interest‑only structure, security package, and exit via refinance post‑planning milestone. Borrower accepted the same day.
Day 2: Valuation inspection completed; legal opened in parallel (first‑ranking mortgage, guarantees, PPSR/company checks). Credit narrowed conditions to title particulars and funds flow (price, duty, legals, contingency).
Day 3–4: Valuation returned on target; all lender conditions cleared. Solicitor settlement statement finalised, disbursements aligned (purchase price, stamp duty, legals, modest project‑start buffer). Unconditional approval issued end of Day 4.
Day 5: Documents executed and verified. Funds disbursed per settlement statement. Acquisition completed; works program initiated with interest‑only repayments to conserve cash.

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