INVESTMENT OVERVIEW
The Sponsors have a background in property investment and also operates a startup concrete business, manufacturing precast concrete slabs using a unique patented formula.
The purpose of this loan is to refinance a current loan with Private Mortgages Australia for an additional six month term and provide working capital for the commercialisation of the concrete product and begin sales.
The Sponsor can’t get bank finance as they are unable to satisfy traditional banks’ servicing requirements.
Security on offer is two residential properties in Moss Vale, a town in the Southern Highlands of New South Wales. One of the properties has a DA for the subdivision of six lots (five on 700sqm block and one with the house and 5000sqm).
The exit strategy is to refinance once sales have commenced and income can be demonstrated and/or
separate the house and sell the proposed 6-lot site to a developer.
SECURITY DETAILS
- The loan will be secured by a two First Mortgages
- Two Personal Guarantee 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
Managing Director
[email protected]0477 566 022
