Sydney Metro: North Rocks, NSW 2151,
Refinance the property from the existing private lender.
Investment Details:
| RETURN* (P.A NET) | LOAN TO VALUE RATIO | TERM TO RUN3(MTHS) |
| 10.99% | 70% | 6 |
| ESTIMATED MARKET VALUE | GROSS LOAN ADVANCED4 | TERM INTEREST PREPAID (MTHS) |
| $420,000 | $294,000 | 6 |
Security Type
- The Loan is secured by first registered mortgage over residential land and industrial/warehouse unit in North Rocks (NSW), Property building area 119 square meters comprising 2 open car spaces
Loan Purpose
- The purpose of the Loan is to refinance the property from the existing private lender. Private funding required to repay existing lender and put the property on the market.
- Repayment Strategy
- Sale within 6 months and pay off the debt
Borrower Background
- The Borrower is a self-employed Mechanic/Driver/Taxi operator for 4 years and is asset backed.
Why Archer Wealth?
Short time frame to refinance the land from the previous private lender due to pressure from the lender.
* As per loan agreement
Gee is the founder of Archer Wealth and has been the Managing Director of the company since its inception. Gee has extensive experience working and dealing with high net worth clients. Archer Wealth is a dream Gee had to be able to provide finance to people who banks didn’t want to help. Gee’s goal is to grow Archer Wealth and significantly change the way businesses across Australia access capital. He is responsible for the daily management of the company.
