INVESTMENT OVERVIEW
The Borrower is a senior executive at one of the ‘Big Four’ banks.
The purpose of the loan is to provide funds for the purchase of gold as an investment.
The Borrower can’t get bank finance as she is curently on extended vacation overseas and, as such, is unable to secure traditional bank financing and is seeking for a quick finance solution.
Security on offer is an unembumbered apartment in Melbourne, Victoria. The property comprises two bedrooms and bathroom and is strategically positioned adjacent to the exclusive W Hotel on Collins Street, in the heart of the CBD.
The exit strategy is to refinance with a traditional lender once the Borrower returns to Australia.
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 a First Mortgage
- Two Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
- Two General Security Agreement over Individual Sponsor + PPSR Charge
