First mortgage · Edge
Edge first mortgage, self-employed property investor
$1.8m, 70% LVR · Perth, WA
Quick answer
Self-employed investor with a profitable business and two years of strong financials, but a one-off ATO timing issue from a prior year. Bank serviceability calculator rejected the file despite real cashflow easily covering the loan.
Representative deal shape · Not a specific transaction · For information only
Structure
- Registered first mortgage over a Perth metro investment property
- 70% LVR against valuation
- 24-month term, serviced monthly interest
- Exit on bank refinance once ATO timing matter cleared from records
Outcome
Indicative terms same business day; settlement inside 8 business days. Borrower refinanced to a major-bank investment facility 16 months later once standard bank serviceability passed.
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 Edge product page for full envelope.
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