Extensive Second Mortgage lender network
Simple to apply, fast approvals
and highly competitive rates

Every day, Global Capital Commercial (GCC) expertly helps borrowers understand and navigate the often daunting option of a second mortgage. With higher perceived lender risk and higher interest rates, we provide a range of lenders, as well as understanding and expertise needed to ensure that borrowers select the correct product to suit their specific needs.

Never a decision to be taken lightly, second mortgages are sometimes required by borrowers when urgent or additional funds are needed but an existing lender is unwilling to provide them. On occasion, the existing mortgage is secured at a competitive rate and additional funds are needed for business purposes – with a second mortgage offering a cheaper option than refinancing the entire facility.

In recent times lenders have put a squeeze on Loan-to-Value Ratios (‘LVRs’), particularly for commercial properties and specialised securities. This means that even though borrowers may have sufficient income to service the existing debt, lenders have since been asking for investments of additional equity, in order to lower the LVR. If no additional equity or collateral security is available, borrowers must either sell the property or raise additional funds via a second mortgage to lower the senior lender’s LVR.

Second mortgages can be structured to assist investors to acquire properties for investment purposes or where ‘value-add’ opportunities are available. At GCC, we help borrowers who are considering a second mortgage by offering highly competitive rates and fees, while ensuring their peace of mind every step of the way.

“GCC can offer second mortgages up to 80% LVR with very competitive pricing.”

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If you would like to enquire about second mortgage options to suit your needs, or simply find out more about how GCC can help, contact us today.