INVESTMENT OVERVIEW
The Borrowers are experienced business operators specialising in local and interstate furniture freight.
The purpose of this loan is to release equity to pay out a loan secured by two trucks.
The Borrowers are unable to obtain traditional bank finance as their current financials are not yet available.
Security on offer is a residential property located in Minimbah, NSW. The property sits on a 482,887sqm allotment and features a three-bedroom, two-bathroom residence with a four-car garage.
The exit strategy is to refinance the loan and repay it in full.
This loan has a twelve month pre-paid loan term, with the option for three monthly extension.
SECURITY DETAILS
- The loan will be secured by a First Mortgage
- Two Personal Guarantees from Individual Sponsors
