INVESTMENT OVERVIEW
The Borrowers operate a well-established earthworks business servicing rural communities. Their work includes land clearing, excavation, and the construction of dams and other infrastructure projects, providing essential support to clients across agricultural and regional areas.
The purpose of this loan is to refinance existing debts and provide additional working capital to support the business.
The Borrowers are unable to secure traditional bank finance as their latest financials do not demonstrate servicing capacity on their existing facilities.
Security on offer is the residential property in Kunwarara, located in the Livingstone Shire, Queensland. The property sits on a 240.13 hectare block.
The exit strategy is to refinance with a major bank.
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 First Mortgage
- Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
- General Security Agreement over Individual Sponsor + PPSR Charge
