$2.4M Bridging Loan Helps Borrower Buy Before Selling
Buying your next home before selling your current one can be one of the biggest challenges in residential property.
Assetline structured a $2.4 million bridging loan, allowing the borrower to secure their next property immediately while creating flexibility around the sale of their existing home.
The Scenario
The borrower had found their next home and wanted to move quickly before the opportunity was lost.
Their existing property had not yet been sold, making it difficult to complete the purchase using traditional lending.
Waiting for the sale risked:
Losing the property
Missing settlement deadlines
Increased pressure throughout the buying process
The borrower required a funding solution that removed the need to sell first.
Why Traditional Lending Wasn't the Right Fit
Buying and selling property rarely happens on the same day.
Traditional lending often expects borrowers to complete the sale of their existing home before purchasing their next property, creating unnecessary pressure around settlement timing.
Where both transactions don't align perfectly, bridging finance can provide the flexibility needed to move with confidence.
The Assetline Solution
Assetline structured a $2.4 million bridging loan designed around the borrower's property transition.
The facility included:
Buy Before Sell bridging finance
$2.4 million facility
70% LVR
18-month loan term
Owner-occupied security
Exit via the sale of the existing property
The funding enabled the borrower to secure their new home immediately while providing additional time to complete the sale of their existing property.
"Bridging finance gives borrowers time to make better property decisions instead of forcing them into rushed ones."
Natasha Da Silva
State Manager - QLD
Deal Snapshot
Loan Amount | $2.4 million |
Product | Bridging Finance |
Loan Purpose | Buy Before Sell |
Location | NSW |
Security | Owner-Occupied Property |
LVR | 70% |
Loan Term | 18 months |
Exit Strategy | Sale of Existing Property |
Why This Structure Worked
The borrower didn't have a servicing problem.
They had a timing problem.
By separating the purchase of the new home from the sale of the existing property, Assetline removed the pressure created by competing settlement dates.
The borrower was able to secure the property they wanted while selling their existing home on a timeframe that suited them rather than the lender.
Common Bridging Finance Scenarios We Assist With
Assetline regularly helps brokers with:
Buy Before Sell
Bridging loans for owner-occupiers
Settlement timing gaps
Purchasing before selling
Equity release
Property upgrades
Downsizing
Residential bridging finance
Frequently Asked Questions
What is a Buy Before Sell loan?
A Buy Before Sell loan is a type of bridging finance that allows eligible borrowers to purchase their next property before selling their existing home.
How does bridging finance work?
Bridging finance provides short-term funding to help borrowers manage the gap between purchasing a new property and selling their current one.
What can be used as the exit strategy?
In many cases, the sale of the borrower's existing property forms the primary exit strategy, subject to lending assessment.
How long can a bridging loan run?
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