Bridging · Flex
Eastern Suburbs Sydney bridging, settled before sale
$2.3m, 5 days · Sydney, NSW
Quick answer
Borrower had exchanged at auction on a Bondi family home with an unconditional date 4 weeks out. Existing property in Bronte under contract but settling 8 weeks after the new property. Bank could not match the timing.
Representative deal shape · Not a specific transaction · For information only
Structure
- Registered first mortgage over the Bronte property (the exit asset)
- Six-month term, sized to the documented sale exit plus contingency
- Capitalised interest, paid at exit, no monthly servicing burden
- Conservative LVR against the exit property, valuation-supported
Outcome
Indicative terms same business day; formal approval within 48 hours; valuation, legals and settlement landed inside 5 business days. Bridge cleared in full at the Bronte sale settlement.
Why this shape clears
Files like this clear because the exit is documented, the security supports the position, and the timing fits a private credit file rather than a bank file. Speed is the tradeoff against rate, and on short-dated files the speed call usually wins. See the Flex product page for full envelope.
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