Sydney Commercial Property SMSF Loan
Loan Description
Overview
Loan to a SMSF to refinance existing lender and provide additional funds to repay creditors and invest in DA for site
Amount
$16,000,000
Collateral
1st Registered Mortgage, GSA Borrower Entity, Director guarantees
Use of Funds
Refinance existing lender, pay creditors, invest into project
Term
24 months
LVR
Up to 50% of Valuation
Interest Rate
10.50% per annum
Date
20 Dec 2019
Status
Completed
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Size
$16,000,000
Indicative Interest Rate
10.50% per annum
Date
20 Dec 2019
Status
Completed