Loan Description

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South Sydney Apartment Bridge Loan

South Sydney Apartment Bridge Loan

Loan Description

Overview

Release of equity for borrower

Amount

$2,500,000

Collateral

1st Registered Mortgage, GSA Borrower Entity, Director guarantees

Use of Funds

Business working capital

Term

6 months

LVR

Up to 75% of Valuation pre finance costs

Interest Rate

12.0% per annum

Date

22 Dec 2020

Status

Completed

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Size

$2,500,000

Indicative Interest Rate

12.0% per annum

Date

22 Dec 2020

Status

Completed