$100,000 Commercial Property Loan in Victoria’s Pyrenees Region
Low-Leverage Funding to Improve a Regional Commercial Property Prior to Sale
Assurity Capital recently provided $100,000 in short-term commercial property loan against a retail property located in the Pyrenees region of Victoria.
The borrower had purchased the property for approximately $385,000 around 12 months earlier and required additional capital to undertake improvements to the premises before placing the property and associated business on the market.
With substantial equity already held in the property, the transaction represented approximately 25% leverage, providing a strong equity position and a clear exit strategy through the proposed sale.
The Funding Scenario
Loan amount: $100,000
Security: Commercial/retail property
Location: Pyrenees region, Victoria
Original purchase price: Approximately $385,000
Purchased: Approximately 12 months earlier
Leverage: Approximately 25%
Purpose: Improvements to the commercial property prior to sale
Exit strategy: Sale of the property and associated business
The funding gives the borrower additional capital to complete the planned works and prepare the property for sale, rather than having to sell the asset in its existing condition.
For privacy reasons, the specific township and business have not been identified.
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