The Borrower requested a six-month loan facility to assist in the acquisition of trading assets currently owned by a local waste management company.

The loan will be secured by a registered first mortgage over a residential property in Nedlands, WA at a 65% loan to value ratio. In addition, the Lender will register a first ranking PPSR charge over the assets of the Borrower.

The loan is expected to be repaid via the cash flow generated by the three waste businesses.