Great Southern investors are working on a plan to take back control of assets located on some of the breached third-party leases.
Save My Trees chairman Rob Burns told WA Business News he had funding lined up, but that he needed the support of the receiver and administrator to take back control over the land and assets.
"I've got an undisclosed funder ready to pay the rent," Mr Burns said.
Save My Trees was an initiative set up to find a good commercial outcome for Great Southern investors.
The potential lifeline is understood to be directed at investors in Great Southern's WA-based flagship timber assets, and not for assets located on the Tiwi Islands in the Northern Territory.
The funding would be an interim measure designed to keep the assets under investor control before a 'white knight', such as the Gordon Martin-led Pulpwood Plantations, Tony Jack led Black Tree Proprietary or Gunns takes over the management of the schemes.
The bank consortium that was paying all lease holders up until September 30 now directs funding to projects of greater commercial interest, leaving investors with assets located on third-party-owned property facing substantial losses.
The affected assets cover everything from blue gums to almonds, impacting thousands of investors.
The breaching of leases has potentially opened up wide-ranging legal ramifications over the rights of the assets situated on the leased land.
Third party property leases are either contractual, where the land-owner can take control of the assets should a breach occur, or proprietary in nature, where investors may still retain rights over the assets.
Comment is being sought from the Great Southern receiver, McGrathNicol.
McGrathNicol has previously told investors with assets on leased land that the landlords might ultimately have a right to terminate the lease and a right to take possession of the leased properties.