INVESTMENT OVERVIEW
The borrower operates a pest control business in Griffith, NSW.
The purpose of this loan is to refinance an existing loan and to also payout an ATO debt.
Security on offer is a residential property in Griffith, a regional city in the northern Riverina region of western New South Wales. They’ve also offered a second mortgage over a second property which is a farm in Eubolong consisting of 11,000 acres.
The exit strategy is to refinance the loan once their credit has been repaired.
This loan has a telve month pre-paid loan term, with the option for three monthly extensions.
SECURITY DETAILS
- The loan will be secured by a First Mortgage and a Second Mortgage
- Two Personal Guarantees from Individual Sponsor
- General Security Agreement over Corporate Sponsor + PPSR Charge
