Past Deals
The deals below are now closed. To register interest for new deals and be notified when they are available, please contact us.
Braybrook
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
Build Up
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
Noosa
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
McKinnon
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
Elsternwick 1
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
Elsternwick 2
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
Moss Vale
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
Spring Farm
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
Sorrento
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
SPC
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
WSG
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
Cranbourne
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
