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INVESTMENT OVERVIEW

The Sponsor has a background in property investment and is considered a sophisticated investor. The purpose of this loan is to provide finance for an investment in the development of a retirement village located at Lake Macquarie in NSW. Application for bank finance has been submitted to NAB and is expected to be approved in due course, however the Sponsor wishes to proceed with works and was not prepared to wait for bank approval. The security property on offer is a residential unit in Bondi Beach with Owner Estimated Value of $6m. The Exit Strategy is to refinance with NAB project funding or should this be further delayed then direct refinance of the security property.

SECURITY DETAILS

  • The loan will be secured by a First Mortgage
  • General Security Agreement over Corporate Sponsor + PPSR Charge
  • Personal Guarantees from Individual Sponsor

INTERESTED IN INVESTING?

Tony This opportunity has now been repaid. For more information on current investment opportunities, please contact:

Tony Barbone

Managing Director
Private Mortgages Australia Pty Ltd
[email protected]
0404 978 044