Trusted private lender with 30 years industry experience, providing first and second mortgages secured against commercial and investment property.
Short-term private lending for Australian businesses — 150K to 10M, often funded within 24 hours
First Mortgage Finance
Gain access to capital by using your property’s title as security — a straightforward way to unlock funds at competitive rates.Learn more
Second Mortgage Finance
Tap into your property’s existing equity for additional funding, all without needing to refinance your current loan.Learn more
Direct Private Lending Secured by Property
We work with Australian businesses and brokers, providing them short term private lending using property as security, ranging from 150K to 10M.
Businesses increasingly prefer to partner with Property Based Lending due to our proven track record, transparent approach, aligned product suite and experienced team across finance, legal and accounting.
Real Solutions for Immediate Business Challenges
What is Private Lending?
At its core, private lending is a form of asset-based financing where capital is provided by non-bank institutions or private firms rather than traditional retail banks. Unlike traditional institutions that focus heavily on personal credit scores and historical cash flow, private lenders primarily evaluate the value and equity of the security property.
The loan terms are agreed upon directly between the borrower and the lender, typically resulting in a more flexible and common sense approach to credit. For Property Based Lending (PBL), this means providing first and second mortgages specifically secured against commercial or investment properties.
First and Second Mortgages
To understand private lending, it is vital to understand how the debt is secured:
- First Mortgage Finance: This is the primary loan on a property title. It offers the most competitive rates—starting from 10% at PBL – and is a straightforward way to unlock significant capital.
- Second Mortgage Finance: This allows a business to access additional equity without disturbing their existing first mortgage. It is an ideal “top-up” solution for urgent capital needs.
Why Businesses Utilise Private Capital
While traditional banks are suitable for long-term, slow-moving finance, private lending serves a different strategic purpose:
- Time-to-Value: In the commercial world, an opportunity today may be gone tomorrow. Private lenders streamline the approval process to facilitate “Speed to Market”. PBL specifically leverages an internal property evaluation team to offer funding often within 24 hours.
- Customisation vs. Rigidity: Retail banks use “automated” lending criteria that often reject complex business structures. Private lending allows for tailored financing solutions, where terms like repayment schedules are negotiated to align with a company’s specific growth objectives.
- Expanded Access to Capital: Many Australian businesses find themselves “bank-declined” due to their industry, niche, or temporary credit hurdles. Private lenders evaluate businesses on a case-by-case basis, providing for companies that are asset-rich but cash-constrained.
- Short-Term Financial Agility: Private loans are frequently used as bridging finance—providing the necessary capital to cover seasonal fluctuations, settle tax debts, or fund a project while awaiting long-term traditional finance.
Comparing Institutional & Private Lending
| Key Feature | Institutional (Bank) Lending | Private Lending (PBL) |
|---|---|---|
| Source of Funds | Public deposits and shareholders. |
Direct Funder Internal private capital; we use our own money. |
| Decision Speed | Slow; often weeks or months due to rigid bureaucracy. | Quick; funding often available within 24 hours. |
| Approval Process | Automated credit scoring and strict "box-ticking" criteria. | Case-by-case evaluation by our internal property team. |
| Flexibility | Rigid, one-size-fits-all loan products. | Tailored solutions for urgent or complex business needs. |
| Funding Certainty | Subject to fluctuating bank policies and risk appetites. | High; we do not syndicate deals to outside investors. |
Frequently asked questions
At Property Based Lending (PBL), we can often service and fund loans within 24 hours. Because we use our own capital and do not syndicate deals to outside investors, we bypass the typical industry delays.
Typical approval time:
- Traditional Banks: 4–8 weeks
- Syndicated Private Lenders: 1–2 weeks
- Property Based Lending (PBL): Often within 24 hours
Look for a direct lender rather than a broker or a syndicate. A direct lender uses their own capital to provide faster approvals and more reliable terms. You should also ensure they have an internal evaluation team to accelerate the process. PBL offers this exact model—providing Australian businesses with property-secured loans of 150K to 10M starting from 10%, backed by three decades of private lending expertise.
Choosing Property Based Lending (PBL) means partnering with a direct lender that prioritizes speed and certainty. With over 30 years of experience, we provide private lending secured against property, offering first and second mortgages ranging from $150K to $5M to Australian businesses and brokers.
What truly sets PBL apart is that we use our own capital; we do not syndicate deals to individual investors, allowing us to make immediate internal decisions. Backed by our own property evaluation team, we offer the quickest turnaround on the market with rates starting from 7.99%, delivering the urgent, results-driven finance your company needs.
We provide flexible, property-secured loans ranging from 150K to 10M. Whether you need a first or second mortgage, our internal team can quickly assess your situation to deliver the capital your business requires.
Our Founder
Steve Heavey
Managing Director, Property Based Lending
With nearly 30 years in financial services, Steve Heavey has spent his career helping Australian businesses access smarter financial solutions. His background spans engineering, manufacturing, and major banking initiatives, including establishing ANZ’s mortgage franchise and relaunching the Bank of Melbourne under St George/Westpac. Steve’s approach is results-first: the right structure, the right funding, and advice that actually moves the needle.
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Welcome to Property Based Lending — a trusted name in private credit and secured business lending. Built on more than 30 years of industry experience,
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