Details.
Security includes a personal guarantee, GSA over all business assets, a first-ranking mortgage over a residential property on Speedy Lock Lane, Heatherbrae, NSW 2324, and unregistered mortgages over residential properties on Elysian Place and Chamberlain Road, Wyoming, NSW 2250. Valuation is $8,175,000, loan size is $5,313,750, duration is 12 months with a 3 month minimum and 3 months prepaid, investor return is 11%, equity is $2,861,250, and LVR is 65%.
