Residual Stock Facility
Box Hill, NSW
Open to Wholesale / Sophisticated Investors Only
- PCF Class-2 Units provide investors with the opportunity to participate in a $13.04m cash advance residual stock facility (the "Loan") in Box Hill NSW 2762 to Bathla Group (the "Developer").
- The Loan is secured by a registered first mortgage over each of the 16 lots in the subdivision ("Security Properties"). In addition, the Loan is secured by a first ranking General Security Agreement over the Borrower and personal guarantees from the directors of the Borrower.
- The Loan is to be repaid through the sale of the Security Properties.
- Distributions are paid monthly in arrears along with capital returned through the sale of Security Properties.