Private bridging finance in Brisbane and the Gold Coast

South East Queensland has been one of our busiest regions since we opened, and the bridging deals we see there are usually about clearing something, like a tax debt, an expiring private loan or a bank facility that's under pressure, so the borrower can get back to a bank in a few months. A private bridge does that job, secured by property, with the refinance or a sale as the way out.

We lend $1M to $20M in Brisbane and on the Gold Coast, for business and investment purposes only, over 6 to 36 months, and we normally settle in 5 to 10 business days once the valuation is in.

South East Queensland deals we've looked at

The examples below are based on real enquiries, but the numbers and details have been changed so none of them can be identified.

Several properties and a tax debt. A business owner had been declined by other lenders because of a tax debt. A short-term loan across their investment properties could clear it and consolidate other debts, with part of the interest capitalised and the rest paid from the business, and a refinance to another lender as the exit once there were a few months of clean repayments on the record.

A second mortgage behind a small bank loan. A property owner wanted to invest further in a business they already held. We looked at it as a low-LVR second mortgage with a sale as the exit, and asked for the loan funds to be paid directly to the purchase, which protects everyone.

A private loan rollover. The existing private lender was offering to roll the loan for another year. We sized a replacement loan to a set LVR cap and checked how our funder would treat the property before going any further.

A bridge decided on price. We issued terms on a bridge in one of Brisbane's established suburbs, and the client chose another lender.

Land that relied on a future approval. Without the approval, the site had to be valued as land, which limited the loan.

An unfinished building. The property needed money to finish. We don't fund construction or completion, so we declined it and pointed the broker to a specialist.

What gets a Brisbane or Gold Coast bridge done

1. A realistic value. We lend on what the valuer can support with recent sales, not on an online estimate or an agent's hopeful figure.
2. The full debt picture. Every lender, the tax position and any arrears, disclosed upfront.
3. An exit someone else has confirmed. A lender who's said they'll take you out, or a sale with an agent's campaign.
4. A completed property. If it still needs building work, it's a construction loan, not a bridge.

Send us your Queensland scenario