18. Business Start Up

Borrowers operate substantial business enterprises in an Asian country and were seeking to expand their businesses into Australia. They set about acquiring a portfolio of commercial properties in Western Australia to commence their Australian operations. Banks and other Non-Bank Lenders were unable to assist as they perceived that it was a business start-up without an Australian based income.

Borrowers approached Eastwood Securities who were able to assist them with a $6.5m facility to be serviced by the transfer of profits from their overseas operations. Three years later they achieved their objective, and their Australian operations are now online and are income generating.

The Eastwood Securities Mortgage Fund is experienced in solving business challenges even when there are unusual income streams backed by good property security.

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