Property Refinance – Dunsborough, WA
The Borrowers have backgrounds in investing and share trading specialising in accountancy, corporate consulting, mergers and acquisition, corporate restructuring and preparation of IPO documents.
The purpose of this loan is to refinance an existing loan, raise funds for share investment and for additional working capital.
The Borrowers can’t get bank finance as their latest financials are not up to date.
Security on offer are the Borrowers’ principal place of residence in Dunsborough, a coastal town in Western Australia. The property is a double storey residence on 819msq land which comes with five bedrooms, two bathrooms, and a spacious garage.
The exit strategy is to sell shares or refinance out once financials are prepared.
This loan has a twelve month pre-paid loan term, with the option for three monthly extensions.
Details
Security Property Valuation: $3,150,000
Loan Amount: $1,000,000 (First Mortgage)
LVR: 31.75%
Term: 12 months prepaid plus 3 monthly extensions
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