Bridging Loan Finance Brokers Coolum Beach

Brokering a Bridging Loan

Case Study: Loanright Financial Services Brokers Bridging Finance for a Middle-Aged Couple in Coolum Beach, Queensland

When Mark and Susan, a middle-aged married couple in their early fifties, found their dream home in Coolum Beach, Queensland, they faced a common but stressful dilemma: their current property had not yet sold, but the Coolum Beach property required a firm commitment to secure the purchase. With strong competition in the Sunshine Coast property market, waiting for their existing home to sell risked losing the opportunity altogether. To solve this timing challenge, they turned to Loanright Financial Services, a trusted brokerage firm known for tailoring finance solutions to complex property transactions.

Background

Mark and Susan had lived in their Brisbane family home for more than twenty years. With their children grown and careers allowing more flexibility, the couple had long dreamed of relocating to the Sunshine Coast to enjoy a relaxed coastal lifestyle. After months of searching, they discovered a spacious three-bedroom property just a short walk from Coolum Beach’s iconic surf and vibrant cafés.

The property ticked every box, proximity to the ocean, room for visiting family, and a quiet neighbourhood perfect for semi-retirement. The only problem was timing. Their Brisbane home was on the market but had not yet received an acceptable offer. The Coolum Beach sellers required a quick settlement, and traditional home loan options would not release sufficient funds until their current property was sold.

The Challenge

Securing finance in this situation presented several hurdles:

1. Tight Timeframe – The Coolum Beach property required a contract settlement within 45 days, leaving little room for delays.
   
2. Equity Access – While Mark and Susan had significant equity in their Brisbane home, those funds were tied up until the sale was completed.
   
3. Market Volatility – With interest rates fluctuating, the couple needed a competitive solution that would not place unnecessary strain on their cash flow.
   

Bridging finance, a short-term loan designed to “bridge the gap” between buying a new property and selling an existing one, was the ideal solution. However, bridging loans can be complex, and lenders require careful structuring to avoid unexpected costs or repayment pressures.

Loanright’s Approach

Loanright Financial Services began with a comprehensive consultation to understand Mark and Susan’s financial position, property values, and settlement timelines. The team reviewed their current mortgage, equity levels, and the anticipated selling price of the Brisbane property.

Armed with this information, Loanright developed a strategy to secure bridging finance that would allow Mark and Susan to purchase the Coolum Beach property without waiting for their existing home to sell. Key steps included:

• Market Assessment – Loanright helped the couple obtain a professional valuation of both properties to provide lenders with accurate figures.
  
  
• Cash Flow Modelling – Detailed calculations showed how repayments would be managed during the bridging period, ensuring affordability even if the Brisbane sale took longer than expected.
  
  
• Lender Negotiation – Leveraging strong relationships with multiple banks and non-bank lenders, Loanright secured a competitive interest rate and flexible terms that allowed interest to be capitalised (added to the loan balance) until the Brisbane property settled.
  
  

The Outcome

Within three weeks, Loanright successfully brokered a six-month bridging loan that provided the full purchase price of the Coolum Beach property, while also covering the remaining balance on the couple’s Brisbane mortgage. The structure allowed Mark and Susan to make interest-only repayments during the bridging period, preserving their savings for moving expenses and settlement costs.

This arrangement gave them the confidence to proceed with the purchase and settle on their dream home without stress. Two months later, their Brisbane home sold for slightly above the expected price. The proceeds were used to pay out the bridging loan in full, leaving Mark and Susan with a manageable long-term mortgage on the Coolum Beach property.

Client Testimonial

Mark and Susan were thrilled with the outcome and the support they received:

“The team at Loanright Financial Services made the process seamless. They explained every step, handled the negotiations, and secured a loan that gave us the freedom to buy our Coolum Beach home without worrying about timing. We couldn’t have done it without them.”

Key Takeaways for Home Buyers

This case demonstrates how bridging finance can be a powerful tool when buying and selling property in competitive markets. Key lessons include:

• Early Planning is Crucial – Engaging a broker early ensures all valuations, paperwork, and lender approvals are in place before deadlines loom.
  
• Understand the Costs – A professional broker can explain interest structures and fees so there are no surprises.
  
• Leverage Equity Wisely – Existing property equity can unlock opportunities that might otherwise be out of reach.
  

Conclusion

Thanks to the expertise of Loanright Financial Services, Mark and Susan were able to secure their dream home in Coolum Beach without the stress of synchronising two property settlements. By structuring a competitive bridging finance loan, Loanright provided the flexibility needed to move forward with confidence.

For homeowners navigating the tricky timing of selling one property while purchasing another, this case highlights the value of working with an experienced finance broker to secure a tailored bridging solution that meets both short-term and long-term needs.