About GR Finance
GR Finance is an Australian-owned company that has been operating since 2000, providing an alternative to the mainstream lending market, working directly with borrowers or their advisers to meet borrowers' specific funding needs. The Company provides finance to borrowers for various purposes, such as the purchase of residential and commercial property, property construction and development, and funding for commercial purposes such as new or existing business development.
The Company plans to maintain its focus on these activities, using funds raised from this issue to expand and solidify its position in its chosen market.
Funds raised by GR Finance are used for investment in secured loans. Generally, the terms of the loans provided by GR Finance range from 3 - 12 months. Borrowers are required to either meet interest payments during the term of the loan with repayment of principal at the end of the loan or to make both interest and principal payments during the term of the loan. Loan applications are assessed in accordance with the Company's Lending Criteria.
Funds raised by GR Finance through the issue of GR First Ranking Notes are placed in a pool of funds which is intended for lending to borrowers for varied loan purposes. By adopting this practice, GR Finance aims to reduce the risks that may be associated with exposing a particular investor's funds to a single loan.
