When a purchase in Padstow can't wait for a bank, brokers come to us. Vertex Capital writes bridging loans, second mortgages and development finance secured against Padstow property — decisions from a Sydney credit desk, a letter of offer typically within 24 hours, and settlement from 3 business days.
Instant desktop valuation, LVR capacity and a quote PDF — free, no login.
Here is what the Padstow 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 Padstow house at the current median of $1.65m, a first-mortgage facility at our 75% LVR guide supports borrowing up to around $1.24m. 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 Padstow 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.
67 development applications were lodged in Padstow over the last 24 months, with a combined estimated construction cost of $101.51m (NSW Planning Portal open data). The largest live applications right now:
| Site | Est. cost | Type | Status |
|---|---|---|---|
| 14 Raine Road Padstow 2211 | $1.12m | Erection of a new structure | Under Assessment |
Site acquisitions, DA-approved land and residual stock in Padstow 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 Padstow house median at $1.65m over the last 12 months, that supports facilities up to around $1.24m 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 — Padstow has had 67 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.