Vertex Capital funds short-term property deals in Kiama: 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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Here is what the Kiama market actually looks like, from NSW Valuer General settled sales — the same records our credit desk uses when assessing security in the area.
On a typical Kiama house at the current median of $1.35m, a first-mortgage facility at our 75% LVR guide supports borrowing up to around $1.01m. 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 Kiama 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.
165 development applications were lodged in Kiama over the last 24 months, with a combined estimated construction cost of $204.28m (NSW Planning Portal open data). The largest live applications right now:
| Site | Est. cost | Type | Status |
|---|---|---|---|
| 40 Saddleback Mountain Road Kiama 2533 | $23.48m | Subdivision | Under Assessment |
| 110 Terralong Street Kiama 2533 | $4.65m | Shop top housing | Under Assessment |
| 49 Manning Street Kiama 2533 | $4.47m | Pub | Under Assessment |
Site acquisitions, DA-approved land and residual stock in Kiama 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 Kiama house median at $1.35m over the last 12 months, that supports facilities up to around $1.01m 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 — Kiama has had 165 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.