INVESTMENT OVERVIEW
The Borrowers have backgrounds as seasoned property investors.
The purpose of this loan is to refinance an existing loan.
The Borrowers can’t get bank finance as their financials are not yet prepared.
Security on offer is a rural property located in Euroa, a township in northeastern Victoria. The property is on 38.71 hectares of land and features a four-bedroom brick homestead equipped with extensive equine infrastructure, including a modern barn with 10 boxes, a covered round yard, workshop, feed room, silo, and other farm improvements. The land comprises around 24 horse paddocks, each with a dedicated water supply and accessible via an internal laneway system. The property is currently operated as a thoroughbred breeding and agistment facility.
The Borrowers have offered another property in Euroa, Victoria as additional security. Situated on 2.6 hectares, the property features a double-storey home with four bedrooms and three bathrooms. Additional improvements include a detached double garage, a large hay shed, and a machinery shed.
The exit strategy is to sell the first secured property to repay the debt.
This loan has a nine month pre-paid loan term, with the option for three monthly extensions.
SECURITY DETAILS
- The loan will be secured by two First Mortgages
- Personal Guarantees from Individual Sponsors
- General Security Agreement over Individual Sponsor + PPSR Charge
