Details.
First mortgage financing deal secured by 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: $8,175,000. Loan size: $5,313,750. Duration: 12 months, with a 3 month minimum and 3 months prepaid. Investor return: 11%. Equity: $2,861,250. LVR: 65%.
