INVESTMENT OVERVIEW
The Sponsors have a background in managing a bakery and are now operating their own patisserie.
The purpose of this loan is to raise additional working capital and cash flow for their business. Due to COVID19, operations was much slower than expected and there was delay in opening the bake shop, now it has opened with large demand for their products.
The Sponsor can’t get bank finance as the business is relatively new and financials are not available to meet traditional lenders’ servicing requirement.
Security on offer is the sponsor’s principal place of residence in Kewarra Beach, a coastal suburb of Cairns in Queensland. The unencumbered property is an apartment that comes with two bedrooms, one bathroom, one car space and unlimited access to a common swimming pool.
The exit strategy is to operate the bakery for another year, prepare financials and then refinance out to a mainstream bank.
SECURITY DETAILS
- The loan will be secured by a First Mortgage
- Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
INTERESTED IN INVESTING?
For more information on current investment opportunities, please contact:
Lauren Taylor
Investor Relations[email protected]
0477 566 022
