INVESTMENT OVERVIEW
The Sponsors have a background in property investment and have completed over 140 townhouse developments in the Gold Coast area.
The purpose of this loan is to complete the purchase of their next development site in Molendinar, a suburb on the Gold Coast, Queensland.
The Sponsors can’t get bank finance as their income is cyclical and are unable to satisfy traditional lenders’ servicing requirements.
Security on offer is the sponsors’ principal place of residence in one the most luxurious residential buildings in Southport, a coastal suburb on the Gold Coast, Queensland. The Sponsors have also offered the commercial property which is to be developed in Molendinar, Queensland as an additional security.
The exit strategy is to sell the commercial property being purchased with DA or refinance to construction finance.
SECURITY DETAILS
- The loan will be secured by two Second Mortgages
- 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
Managing Director[email protected]
0477 566 022
