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Collateralized loan deal. Needing one last shareholder - general investment

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Old 07-12-2010, 10:13 PM
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Default Collateralized loan deal. Needing one last shareholder

Fabulous risk reward setup.
Short term lending opportunity.
We are lending $600,000NZD to a businessman for 8 months and have taken a first mortgage over a commercial building in the Auckland CBD currently valued at $1.1 million. Under the terms of the deal we receive 30% interest over the 8 months. This works out at an annualized 45% return. There are 6 investors investing $100,000 each and I have just one last investor slot for $100,000NZD. Default is highly unlikely however capital will easily be recouped by simply selling the building. If interested let me know and I'll provide further details.

Last edited by Zulu; 07-12-2010 at 10:38 PM..
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Old 08-27-2010, 05:33 AM
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Thanks for providing such good information.

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