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Psal(07) 5532 3450
Level 13 179 North Quay, Brisbane
Deal direct with the Lender, PSAL Limited specialises in short term 1st and 2nd mortgage loans for business and investment purposes. You get to talk with the person that lends the money, no money up front because we capitalise the application fees & costs, interest & legals (we do not capitalise valuations)
Loan Purpose: Must be for Business or Investment purposes only, you will be required to outline what the funds are being borrowed for.
Loan Term: Minimum loan term is One (1) month with a Maximum loan term of Six (6) months, usually your method of “take-out” (repayment of the loan) will govern this period.
Loan Amounts: Minimum of $20,000 with a maximum of $400,000.
Security Required: Real Estate as an absolute minimum, Commercial, Residential & Rural Properties, these can be bolstered by things such as vehicles, boats, planes, pending irrevocable commissions, licences (eg fishing), guarantees from third parties, etc.
Something's going on......
If the mortgagee is "in possession", maybe someone defaulted on a loan and they have seized the land? Only speculating.