INVESTMENT OVERVIEW
The Sponsors have a background in operating an automotive fabrication business. The current business was only established in March 2019, however, the family has been operating a similar business for several years.
The purpose of this loan is to purchase automotive fabrication equipment and to renovate the workshop used by the business.
They aren't able to obtain bank finance as the business has not been trading for a sufficient length of time to provide financials to demonstrate servicing.
The security property on offer is the Sponsor’s owner-occupied property. The property is on five acres of land, with four bedrooms and two bathrooms. There is second dwelling on the property with two bedrooms and one bathroom.
The Exit Strategy is to refinance once trading entity has financials.
SECURITY DETAILS
- The loan will be secured by two Second Mortgages
- General Security Agreement over Corporate Sponsor + PPSR Charge
- Three Personal Guarantees from Individual Sponsors
INTERESTED IN INVESTING?
This opportunity is now open. For more information on current investment opportunities, please contact:
Lauren Taylor
Investor Relations[email protected]
0477 566 022
