Vertex Capital funds short-term property deals in Fairlight: bridging a purchase before a sale settles, unlocking equity with a second mortgage, or financing a development site. Property-secured, business-purpose lending with a letter of offer typically within 24 hours.
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Our view of Fairlight starts with settled sales data, not listing prices. The figures below come from NSW Valuer General records covering the last 12 months.
On a typical Fairlight unit at the current median of $1.85m, a first-mortgage facility at our 75% LVR guide supports borrowing up to around $1.39m. Second mortgages run to 65% combined LVR and commercial security to 70%. Rates start at 9.7% p.a. with establishment fees from 1.65% — all business-purpose, secured by real property.
Typical scenarios: bridging a Fairlight purchase before an existing property settles, refinancing a maturing facility, releasing equity for business use, or settling an auction purchase the bank can't fund in time.
88 development applications were lodged in Fairlight over the last 24 months, with a combined estimated construction cost of $134.81m (NSW Planning Portal open data). The largest live applications right now:
| Site | Est. cost | Type | Status |
|---|---|---|---|
| 5 Lauderdale Avenue Fairlight 2094 | $13.01m | Demolition | Additional Information Requested |
| 9 Clifford Avenue Fairlight 2094 | $4.53m | Demolition | Under Assessment |
| 48 Upper Clifford Avenue Fairlight 2094 | $2.59m | Demolition | Under Assessment |
Site acquisitions, DA-approved land and residual stock in Fairlight are all fundable — development finance up to 65% LVR, with early exits allowed once presales or refinance land.
Up to 75% LVR on a first mortgage. With the Fairlight unit median at $1.85m over the last 12 months, that supports facilities up to around $1.39m on a typical property, subject to valuation.
A letter of offer typically issues within 24 hours of receiving the scenario, and settlement can occur in as little as 3 business days once valuation and legals are in place.
Rates from 9.7% p.a. and establishment fees from 1.65% of the facility. Interest is usually retained at settlement or capitalised, so there are no monthly repayments during the term.
Yes — Fairlight has had 88 DAs lodged in the last 24 months, and we lend against development sites, DA-approved land and residual stock at up to 65% LVR.
Send the security address, loan amount and exit — formal terms typically within 24 hours.