INVESTMENT OVERVIEW
The Borrowers have backgrounds in property investment and currently operates a real estate business.
The purpose of this loan is to repay another loan using a different security property.
The Borrowers can’t get bank finance as their current financials are not yet ready.
Security on offer is the commercial complex in Truganina, a suburb in Melbourne, Victoria. The property is on 20,000msq land, located within Wyndham council.
The exit strategy is to refinance out once financials are prepared.
This loan has a six month pre-paid loan term, with the option for three monthly extensions.
SECURITY DETAILS
- The loan will be secured by Second Mortgage
- Two Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
