NWF Capital
Registered first mortgage funding for purchases, refinances and equity release, from $100K to $20M+. Assessed on the property and the exit, with a decision within 24 hours.
At a Glance
Overview
A private first mortgage is a loan secured by registered first-ranking mortgage over Australian property, funded by a private lender instead of a bank. It is the strongest security position in private lending, which is why first mortgages are priced below second mortgages and caveat loans and support the largest amounts and longest terms.
NWF Capital is a private first mortgage lender funding business owners, investors and companies across Australia. Loans range from around $100,000 to $20 million and above, with terms from one to twenty-four months. We assess the property and the exit rather than running your application through a servicing calculator, and you will have a decision within 24 hours.
Private first mortgages suit borrowers whose deal is sound but does not fit a bank template — self-employed borrowers without current financials, businesses recovering from a difficult year, borrowers with credit impairment or tax debt, complex company and trust structures, and anyone working to a deadline a bank cannot meet.
Property-Backed
Property-backed lending means the loan is underwritten on the asset and the exit rather than on income verification. The questions that matter are what the property is worth, how much we are lending against it, and how and when the loan will be repaid.
That makes a private first mortgage a practical tool in situations banks handle poorly: a purchase where the bank cannot meet the settlement date, a refinance of a facility that is expiring or under pressure, equity release from an unencumbered property, or funding for a business purpose where trading figures do not yet show the true position.
Uses
Property purchases — residential investment, commercial and industrial premises, rural property and development sites, especially where a bank cannot settle in time. Refinancing — replacing a bank or private facility that is expiring, in default or no longer suitable. Equity release — drawing on an unencumbered or lightly geared property for business or investment purposes.
Business capital — working capital, acquisitions, expansion and tax liabilities secured against property. Rural and regional — farms and regional commercial property that mainstream lenders restrict or decline.
Security
We lend against residential, commercial, industrial, retail, rural and development property, held personally, in a company or in a trust. Multiple properties can be cross-secured to support a larger facility.
As a general guide we lend up to 75% of value on a first mortgage, with higher ratios considered case-by-case where the security is strong and the exit is short and certain. Value is assessed against an independent valuation or, on more straightforward files, against comparable evidence.
Process
Send the property, its value, existing debt, the amount, the purpose and the exit.
We assess the security and the exit and respond within 24 hours.
A letter of offer sets out the loan, term, rate and every fee.
Documents are signed and the first mortgage is registered on title.
The loan is repaid from a sale, refinance or other defined event.
Comparison
Banks price keenly because they assess conservatively and take time to do it. A private first mortgage is priced above bank lending because it funds deals banks decline and moves at commercial speed. The question is not which is cheaper, but which fits the transaction in front of you.
Where a bank will approve within your timeframe and your circumstances fit its policy, take the bank facility. Where the deadline is real, servicing will not pass, or the credit file complicates things, a private first mortgage lets a sound transaction proceed rather than collapse — and many borrowers refinance back to a bank once the underlying issue is resolved.
Brokers
Much of our first mortgage lending is introduced by finance brokers placing deals that are sound but not bankable — timeline, credit history, financials or security type. Brokers deal directly with the people who make the credit decision, get a straight answer on appetite and indicative terms within 24 hours, and keep ownership of the client relationship.
A strong submission fits on a page: the security and its value, existing debt, the amount, the purpose and a dated exit. Our broker guide covers what gets a deal funded quickly.
FAQ
A private first mortgage is a loan secured by a registered first-ranking mortgage over property, funded by a private lender rather than a bank. First-ranking means the lender is repaid first if the property is sold, which is why first mortgages are the strongest and lowest-priced form of private lending.
As a general guide we lend up to 75% of the property’s value, with higher ratios considered case-by-case where the security is strong and the exit is short and certain. Loans range from around $100,000 to $20 million and above.
Property-backed lending means the loan is secured by real property and assessed primarily on the value of that property and how the loan will be repaid, rather than on income verification. First mortgages are the core of property-backed lending.
Business and investment purposes including property purchases, refinancing an existing loan, releasing equity, working capital, tax liabilities, acquisitions and funding new opportunities.
Generally no. Our assessment focuses on the property and the exit, so borrowers with limited, outdated or complex financials are able to apply.
Yes. Defaults, judgments, arrears and outstanding ATO debt do not automatically disqualify an application. The security and the exit carry the decision.
Residential houses, units and townhouses; commercial offices, retail and industrial property; rural and farming land; vacant land and development sites. Security can be held personally, in a company or in a trust, and multiple properties can be cross-secured.
Typically one to twenty-four months on an interest-only basis, with interest able to be capitalised where cash flow is tight. Private first mortgages are designed as a bridge to a defined exit, not a thirty-year replacement for bank finance.
Within 24 hours of a complete application. Settlement then depends on the security and documentation, with urgent settlements accommodated where a deadline requires it.
Yes, and most borrowers do. Once the issue that prevented bank approval is resolved — time, credit history or financials — refinancing to mainstream lending is the most common exit, and we plan the facility around it.
No. NWF Capital lends for business and investment purposes only and does not provide consumer credit.
Yes. A large share of our first mortgage lending is broker-introduced. Brokers deal directly with the decision-makers, receive an answer within 24 hours, and keep the client relationship.
Our Full Range
Every NWF Capital facility is secured by Australian property and assessed on the security and the exit. If this product isn’t the right fit, one of these may be.
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