How a single-security loan supported an off-the-plan on-sell

Navigating a property settlement can often present significant financial challenges, especially when your long-term goals shift during the process.

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But losing your deposit, forfeiting stamp duty, or being forced to sell your primary residence isn’t your only option.

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We recently helped a client who had originally purchased two off-the-plan properties with the intention of selling their primary residence to fund the completion. During the build period, the client’s goals changed, they decided they no longer wanted to sell their home and looked for an off-the-plan on-sell solution to accommodate this new direction.

With our single security bridging loan, secured solely against the two new properties, they were able to complete the purchase and protect their primary residence. This was achieved through a streamlined process with no income proof, no monthly repayments, and no long waiting periods for approval.

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Let’s take a closer look at their single security bridging loan: 

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Loan amount: $5,447,200 

LVR: 80% 

Loan term: 12 months 

Exit strategy: Repaid via the sale of the off-the-plan properties

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The bridging process was smooth and efficient:

• Conditional approval within hours of application to meet settlement deadlines.
• Preserved capital by ensuring the client did not lose their deposits or stamp duty costs.
• Flexible approach gave the client 12 months to finalise their long-term financial strategy.

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By providing expert support and fast-tracked timelines, we helped the client settle both properties and retain their home, ensuring a seamless transition and a secure financial outcome.

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Do you have a client whose property plans have shifted? Discover how Bridgit can help. Schedule a call with your local BDM to workshop a scenario.