What this funding is designed to do
A property sale advance can help a business owner who has equity tied up in a property already on the market or approaching settlement. The short-term facility is secured by the property and repaid from sale proceeds.
It can fund business expenses, creditors, opportunities or transition costs without waiting for the conveyancing timetable.
When this structure may fit
- Your business has a genuine, clearly explained use for the funds.
- There is sufficient available equity in acceptable Australian real estate.
- The need is time sensitive or falls outside a conventional bank policy.
- You have a credible exit strategy for repaying the short term facility.
- The costs and risks are understood before you proceed.
Why business owners come to Equity Tap
Banks are built for standard scenarios and longer processes. Equity Tap is built for direct specialist assessment. We listen once, look at the whole position and explain whether a workable structure exists. That matters when a settlement, creditor, opportunity or refinance cannot wait.
Equity Tap has lent its own money since 2022. Facilities range from $50,000 to $5 million, with terms from one to twelve months. Eligible transactions may settle in as little as 24 hours and may allow interest for up to six months to be prepaid as part of the facility.
What we need to understand
Start with the amount required, the business purpose, the deadline, the security property, any existing mortgage and the expected repayment event. Supporting information can include identification, rates notices, mortgage statements, contracts, trust documents and evidence supporting the exit.
“We fund people the banks cannot help, or can help, but not quickly enough.”
Equity Tap lending approachWork backwards from the expected sale proceeds
For a business owner selling a property, the relevant amount is the net equity expected after the first mortgage, agent and conveyancing costs, taxes where applicable, and any other secured debts. A signed contract and settlement date provide a different level of certainty from a property that has only just been listed. The proposed advance must leave enough proceeds to repay the short term facility.
Bring the sale contract or campaign details, current loan statements, property information and the business purpose. If the sale is delayed or falls through, understand the alternative repayment plan before borrowing. This facility is for business use, not personal spending while waiting for a home sale.