INVESTMENT OVERVIEW
The Borrowers have a strong background in property development and have recently completed a similar project successfully.
The purpose of this loan is to refinance existing debt and release equity to complete earthworks for a subdivision in the Shoalhaven region of New South Wales.
The Borrowers have sought traditional bank finance, however, the process was taking too long and the funds are required urgently.
Security on offer includes two properties in Huskisson, a village on the south coast of New South Wales. The first property is a vacant block that sits on 18 hectares of land, located north of Huskisson. The second property comprises a large 339 hectares of bushland located west of Huskisson.
The exit strategy is to refinance or to sell one or both properties to repay the debt.
This loan has a twelve 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 Corporate Sponsor + PPSR Charge
- General Security Agreement over Individual Sponsor + PPSR Charge
