6. Queesnland company looking for cash out against unemcumbered commercial properties to assist with company restructure

Funds were required by a large Qld private company to assist with restructuring costs to their business.

Directors offered to sell 7 commercial warehouse style properties located in Northern NSW, QLD and Darwin, as they were no longer required.

60% cash out was required to be repaid within 12 months from the sale of these properties with interest capitalised for 12 months from loan proceeds.

Loan settled and the company is now following their restructuring schedule with adequatefunding available to successfully complete the process.

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