Sydney Acquisition Finance Bridge Loan
Loan Description
Overview
Commercial property purchase in Sydney with loan secured on property and receivable
Amount
$20,000,000
Collateral
1st Registered Mortgage, GSA Borrower Entity, Director guarantees
Use of Funds
Settlement of Property Purchase
Term
12 months
LVR
55% of Valuation
Interest Rate
9.50% per annum – interest capitalised
Date
30 Apr 2021
Status
Completed
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Size
$20,000,000
Indicative Interest Rate
9.50% per annum - interest capitalised
Date
30 Apr 2021
Status
Completed