Awaysis Capital, Inc. Enters into Credit Facility with Belize Bank Limited

2026-04-09SEC Filing 8-K (0001493152-26-015885)

Awaysis Capital, Inc., through its wholly owned subsidiary Awaysis Belize Limited, has secured a credit facility with Belize Bank Limited for BZD $4,103,000 (approximately US $2,051,500). The funds will be used to develop twelve condominiums in San Pedro, Belize. The facility bears interest at Belize Bank's prime rate minus 0.5%, with a default rate of 18%. It includes an initial six-month interest-only period, followed by amortization over 114 months, maturing on September 30, 2035. Fifty percent of condominium sales proceeds must be applied to principal repayment. The loan is secured by Awaysis's properties in Belize and guaranteed by Co-CEOs Michael Singh and Andrew Trumbach, and an affiliate of Mr. Singh. Fees include a 1% origination fee, a 1% annual commitment fee on unused portions, and 1% amendment fees.

Ticker mentioned:AWCA