INVESTMENT OVERVIEW
The Borrowers operate a company that specialises in providing electric vehicles customised for fleet owners across a range of sectors including mining, agriculture and energy.
The purpose of this loan is to support the rebranding of their website and the purchase of additional stock for their business.
The Borrowers are unable to obtain traditional bank financing at this time, as they already have two mortgaged properties and are not eligible for further funding.
Security on offer is a residential property in West Leederville, a suburb northwest of Perth’s CBD in Western Australia. The property sits on 369sqm lot and comprises three bedrooms, two bathrooms, and two car spaces.
The exit strategy is to sell the property to fully repay the loan.
This loan has a six month pre-paid loan term, with the option for two monthly extensions.
SECURITY DETAILS
- The loan will be secured by First Mortgage
- Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
- General Security Agreement over Individual Sponsor + PPSR Charge
