The Sponsors have a background in investing and share trading specialising in accountancy, corporate consulting, mergers and acquisition, corporate restructuring and preparation of IPO documents.
This loan is for the purpose of raising funds for share investment (dividend listed stocks, day and share trading, seed capital/new IPOs) and working capital.
They aren’t able to obtain bank finance due to incomplete financials and some minor arrears on their credit record due to disputed transactions.
The security property on offer is an investment property in Dunsborough, WA, a five bedroom, three bathroom house with garage and pool on 819m2. A second security property is a two bedroom, two bathroom apartment in Surfers Paradise which is also an investment property.
The Sponsor’s exit strategy is to sell the shares or refinance out once financials are prepared.
- The loan will be secured by two First Mortgages
- General Security Agreement over Corporate Sponsor + PPSR Charge
- Two Personal Guarantees from Individual Sponsors