I have just committed to a USD$2M investment in a commercial project in Cairns – a recording studio. I’ve been vetting the project this week here, and while a little higher risk, the principals are very solid. In addition to a mortgage position on the building, a small equity holding has been attached as well.
The project still needs another $2M, but I’m confident that someone else will step up to this intersting project.
I’m off to the Gold Coast area to look around for ideas. If anyone has anything interesting, please let me know.
Jim
Hi jimmc
a recording studio?????
now thats creative, not many of those around….
does it make a good return??Hi Jimmc,
By Equity Stake I assume you mean a stake in the earnings of the recording business? Sounds like a very interesting project. Could you post a little more info?
Thanks
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