INVESTMENT OVERVIEW
The Borrowers have backgrounds in property investment and development.
The purpose of this loan is to assist with business cashflow for a townhouse development in Maroochydore, Queensland.
The Borrowers can’t get bank finance as their financials do not support additional funding.
Security on offer is an unencumbered residential property in West Woombye, located in the Sunshine Coast Region of Queensland. The property is on 2,023msq land which features three bedrooms, a bathroom, and a garage.
The exit strategy is to sell one of their investment properties in Maroochydore to pay debt.
This loan has a 12 month pre-paid loan term, with the option for 3 monthly extensions.
SECURITY DETAILS
- The loan will be secured by a First Mortgage
- Personal Guarantees from Individual Sponsors
- General Security Agreement over Corporate Sponsor + PPSR Charge
