property type: Residential
Total Property Value: $1,400,000
Loan Amount: $850,000
Priority: 1st mortgage
LVR: 70%
Offered Rate: 11%
Loan Term (Months): 8 Months’ interest & fees up front
Min Interest (Months): 8
Why do we like this loan?
This loan will be secured against one of the apartments in the pictured block, owned by a commercial entity. Suits an investor who likes the horse-races, as the race-track is nearby!
Primary Property Value: $1,400,000
Property Details
The purpose of this loan is to refinance the current lender.
Loan Details
Exit is by way of asset sale. In addition to the security detailed above, the Lender will hold directors’ guarantees and a GSA over the borrower. We are offering the opportunity for sophisticated investors to take part or the entire loan and be assigned the lender on title. This loan in under a signed offer. The valuation under instruction and will be assigned to the Lender on title. Legal documents will be instructed as soon as a lender for title is confirmed. For more details on this and other investment opportunities please contact Andrew Way at Semper. 0414 246 003 enquiries@sempersecured.com.auready to invest?
If you have spoken with your Solomons’ investment representative and require more information about this loan opportunity, you can download its suite of documents from the following link (password required).
Note: you must have completed an investor application, privacy form and NDA before access will be provided.
