Loan Description

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South Sydney Property Financing

South Sydney Property Financing

Loan Description

Overview

Using funds for development into another project

Amount

$1,894,750

Collateral

1st Registered Mortgage, GSA Borrower Entity, Director guarantees

Use of Funds

Other project investment

Term

6 months

LVR

Up to 40% of Valuation

Interest Rate

8.0% per annum

Date

10 Jan 2019

Status

Completed

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Size

$1,894,750

Indicative Interest Rate

8.0% per annum

Date

10 Jan 2019

Status

Completed