INVESTMENT OVERVIEW
The Borrowers have backgrounds in operating a company that sells, maintains and repairs agricultural machinery.
The purpose of this loan is to refinance an existing loan and payout an ATO debt.
The Borrowers can’t get bank finance due to the ATO debt.
Security on offer is the Borrower’s principal place of residence in Bacchus Marsh, a large town northwest of Melbourne, Victoria. The property is on 605msq land which comprises of three bedrooms, two bathrooms and a garage.
The exit strategy is to refinance back to current bank once the ATO debt has been cleared.
This loan has a twelve month pre-paid loan term, with the option for three monthly extensions.
SECURITY DETAILS
- The loan will be secured by a Second Mortgage
- Two Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
