Eligibility
Borrowing Entity
Company or Trusts (No Sole Trader or Partnership’s)
Exit Strategy
Must have a clearly defined strategy i.e. how do you intend to repay the loan at the end of the private loan term.
Examples may include-
- Sale of a property
- Sale of other assets
- Refinancing to a traditional lender
- Expecting business cashflow
Security
Property is required as security for your private loan – Options could be.
- Residential property
- Commercial property
- Vacant land
- Development project
- Apartment building
- Industrial building or warehouse
- Office building
- Maximum loan 75% of property value