Details.
First mortgage financing deal secured by a personal guarantee, GSA over all business assets, a first-ranking mortgage over a residential property on Woodland Street, Essendon, VIC 3040, and additional security over a residential property on Borrell Street, Keilor, VIC 3036. Valuation: $10,850,000. Loan size: $3,100,000. Duration: 12 months, with a 3 month minimum and 3 months prepaid. Investor return: 10.75%. Equity: $3,750,000. LVR: 65.4%.
