INVESTMENT OVERVIEW
The Borrowers have backgrounds in operating an electrical services business in regional Western Australia.
The purpose of this loan is to provide additional working capital for the business and to consolidate outstanding ATO liabilities.
The Borrowers are unable to obtain traditional bank finance at this time due to overdue financial reporting and existing tax debt.
Security on offer is a property located in Dongara, a town northwest of Perth, Western Australia. The property comprises approximately 19.98 hectares of land and includes a four-bedroom, two-bathroom residence with a double carport.
The exit strategy is to either refinance out or sell the property to repay the loan.
This loan has a twenty-four month pre-paid loan term, with the option for three monthly extension.
SECURITY DETAILS
- The loan will be secured by First Mortgage
- Two Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
