Past Deals

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term  Aug 2023 to Feb 2024
• Interest Rate         18%
• Default Rate          24%
• Payment Frequency     Quarterly
• Security Value $2,000,000
• LVR       79%
• Purpose     Separate development project
• Exit Strategy     Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term Oct 2023 to Oct 2024
• Interest Rate     15.5%
• Default Rate      18.5%
• Payment Frequency   Capitalised at end
• Security Value $6,000,000
• LVR       76%
• Purpose   Separate development project
• Exit Strategy   Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term Dec 2023 to Dec 2024
• Interest Rate        17%
• Default Rate         22%
• Payment Frequency     Capitalised at end
• Security Value $3,650,000
• LVR      70%
• Purpose       Separate development project
• Exit Strategy       Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term     Jun 2022 to  Jun 2024
• Interest Rate     17.25%
• Default Rate      20.25%
• Payment Frequency     Capitalised at end
• Security Value $2,550,000
• LVR   80%
• Purpose   Separate development project
• Exit Strategy     Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term Jun 2022 to Dec 2023
• Interest Rate       14%
• Default Rate        17%
• Payment Frequency    Capitalised at end
• Security Value $5,250,000
• LVR     61%
• Purpose    Separate development project
• Exit Strategy   Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term     Apr 2023 to Oct 2024
• Interest Rate      18%
• Default Rate       24.5%
• Payment Frequency   Capitalised at end
• Security Value $14,125,000
• LVR    76%
• Purpose   Separate development project
• Exit Strategy   Sale of properties

Deal term sheet:

• Loan Type 1st Mortgage
• Loan Term   Jan 2021 to  Oct 2021
• Interest Rate   7.5%
• Default Rate    9.5%
• Payment Frequency   Capitalised at end
• Security Value $3,070,000
• LVR    66%
• Purpose    Separate development project
• Exit Strategy   Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term Mar 2022 to Sep 2022
• Interest Rate     11%
• Default Rate      14%
• Payment Frequency    Capitalised at end
• Security Value $920,000
• LVR   66%
• Purpose   Business funding
• Exit Strategy   Refinance

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term   Mar 2022 to Aug 2023
• Interest Rate    13.5%
• Default Rate     16.5%
• Payment Frequency   Capitalised at end
• Security Value $3,350,000
• LVR    76%
• Purpose    Separate development project
• Exit Strategy   Sale of properties

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term   Feb 2020 to May 2020
• Interest Rate   11%
• Default Rate    14%
• Payment Frequency   Quarterly
• Security Value $35,000,000
• LVR    58%
• Purpose    Purchase of commercial property
• Exit Strategy   Refinance

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term Oct 2020 to May 2021
• Interest Rate     12%
• Default Rate      15%
• Payment Frequency    Quarterly
• Security Value $1,350,000
• LVR   64%
• Purpose   Business funding
• Exit Strategy   Refinance

Deal term sheet:

• Loan Type 2nd Mortgage
• Loan Term   Dec 2020 to Dec 2024
• Interest Rate    15%
• Default Rate     18%
• Payment Frequency   Fortnightly
• Security Value $460,000
• LVR    79%
• Purpose    Business funding
• Exit Strategy   Refinance