The Sponsors have a background in financial advice and works as a chartered accountant and financial advisor with a well known advisory firm.
The purpose of this loan is to complete the purchase of an 815msq residential property in Bulli, NSW.
The Sponsors can’t get bank finance as they have already borrowed the maximum possible based on their current financials and servicing ability.
Security on offer is a residential property in Bulli, a northern suburb of Wollongong situated on the south coast of NSW. The property is on 476msq land and has a single level dwelling with three bedrooms, one bathroom and a carport.
The exit strategy is to sell the property being purchased to repay the debt.
- The loan will be secured by a First Mortgage
- Personal Guarantee from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge