Assurity Capital provided 1st mortgage private loan of $845,000 secured against apartment located in Surfers Paradise for the purpose of working capital to purchase stock - 65% leverage.
The borrower won a contract to supply a major pharmacy brand which required them to purchase a significant level of stock to meet their contractual obligations. Assurity Capital provided a private loan which allowed them to buy stock almost immediately.
Assurity Capital is a non-bank lender providing private lending and private loan solutions.
To discuss your private lending or private loan requirements please contact the team
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