INVESTMENT OVERVIEW
The Sponsor operates a property development business where he purchases properties, completes small renovations and on-sells.
The purpose of this loan is to provide finance for the purchase and renovation of a luxury property in Paradise Point, QLD.
The Sponsor can’t get bank finance as the property renovation is not complete and current financials do not satisfy the bank’s servicing requirements.
Security on offer is the 804sqm waterfront property in Paradise Point. It has five bedrooms, four bathrooms, an inground swimming pool and views over Broadwater.
The exit strategy is to complete the renovation and refinance out once financials are prepared. They will hold the property for 12 months and will then put it on the market.
SECURITY DETAILS
- The loan will be secured by a First Mortgage
- 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
