Track Record
Total transactions Including
$535 million direct investment and $232 million debt advisory
First Mortgages weighted net return
Mezzanine weighted net return
Strictly selected projects
with target return achieved and no default
Updated March 2024
Figures are in AUD
Current Projects
OAKLEIGH VIC I
Asset Loan
First Mortgage
Facility Limit: $8,092,500
LVR 65%
Net Investor Return 8.00 - 8.25%
To refinance the Borrower’s existing financial indebtedness in respect to the Properties. The security properties consist of three premium retail commercial units.
OAKLEIGH VIC II
Residual Stock Loan
First Mortgage
Facility Limit: $5,920,909
LVR 65%
Net Investor Return 7.75 - 8.00%
To refinance the Borrower’s existing financial indebtedness in respect to the Properties. The security properties consist of 15 premium apartment lots.
CARLTON RIVER TAS
Land Loan
First Mortgage
Facility Limit: $5,120,000
LVR 65%
Net Investor Return 8.50% - 9.00%
To enable the borrower to complete the purchase of the property. The security property is a large scale rural holding called ‘Storm Bay’ in Tasmania.
SPRINGVALE VIC
Ordinary Equity
Project Value: approx. $370,000,000
Net Investor Return TBC
The purpose is to secure funding for both acquiring and developing the property, which involves constructing two luxurious residential apartment buildings spanning 13 levels with shopping center podium including a spacious basement car parking facilities.
RANDWICK NSW
Land Loan
First Mortgage
Facility Limit • $2,120,000
LVR • 53%
Net Investor Return • 7% - 7.25% p.a.
To assist the borrower to prepare for construction. The security property has a premium location in Randwick NSW.
CHATSWOOD NSW
Asset Finance
Unregistered 2nd Mortgage with Caveat
Facility Limit • $3,500,000
LVR • 67.12%
Net Investor Return • 9% - 9.5% p.a. + 3 months BBSW
To help the Borrower to fund the capital improvements for the building lobby renovation and working capital.
KOGARAH NSW II
Land Loan
First Mortgage
Facility Limit • $5,500,000
LVR • 55%
Net Investor Return • 5% - 5.5% p.a. + 3 months BBSW
To fund the acquisition of amalgamated three lands with two houses and one apartment block, located at Kogarah NSW for an experienced developer. The property has an existing planning permit allowing for the construction of 54 residential apartments and two commercial shops
CAMMERAY NSW
Development Finance
Unregistered 2nd Mortgage with Caveat
Facility Limit • $3,650,000
LVR • 60%
Net Investor Return • 10.5% - 11% p.a.
to assist with the deposit payment for a new site acquisition in the Lower North Shore area and related Development Approval consultancy costs for the Borrower.
MOSMAN NSW
Construction Loan
First Mortgage
Facility Limit • $11,280,000
LVR • 64%
Net Investor Return • 6.5% p.a. – 7.5% p.a.
To finance the construction of four luxury townhouses containing basement car parking and associated works.
ROSE BAY NSW II
Construction Loan
First Mortgage
Facility Limit • $13,110,000
LVR • 62.5%
Net Investor Return • 7.25% - 8.5% p.a.
To finance the construction of a four-storey shop top housing development containing six apartments, ground floor commercial tenancy, basement car parking and associated works.
MOSMAN NSW
Construction Loan
First Mortgage
Facility Limit • $11,280,000
LVR • 64%
Net Investor Return • 6.5% p.a. – 7.5% p.a.
To finance the construction of four luxury townhouses containing basement car parking and associated works.
VAUCLUSE NSW IV
Land Loan
First Mortgage
Facility Limit • $19,850,000
LVR • 67%
Net Investor Return • 9% - 9.5% p.a.
To refinance the two existing land loans on the adjoining security properties for a further 12 months term as one new facility that enables the Borrow to advance development application plans on the security properties.
ROSE BAY NSW III
Land Loan
Preferred Equity
Facility Limit • $2,300,000
LVR • 70%
Net Investor Return • 15% p.a.
To assist Borrower for the purpose of completing the purchase of the property.
ROSE BAY NSW IV
Construction Loan
First Mortgage
Facility Limit • $25,000,000
LVR • 65%
Net Investor Return • 8.75% - 9.25% p.a.
To refinance of the security property and fund the construction of a three-storey residential building comprising eight luxury apartments with basement car parking.
WAREEMBA NSW
Construction Loan
First Mortgage
Facility Limit • $8,437,000
LVR • 59%
Net Investor Return • 9% p.a.
To refinance of the security property and fund the construction of a three-storey residential building comprising eight luxury apartments with basement car parking.
RYDE NSW
Residual Stock Loan
First Mortgage
Facility Limit • $37,989,800
LVR • 65%
Net Investor Return • 8.25% p.a.
To facilitate the Borrower in providing equity release with securities of two newly completed townhouses. The loan has a clear exit strategy because one of the townhouses has a presale contract to settle in 3 months’ time.
CORONET BAY VIC II
Land Loan
First Mortgage
Facility Limit: $860,000
LVR 37.39%
Net Investor Return 8% - 8.5% P.A.
The Loan is to enable the Borrowers to refinance the existing indebtedness of the Property. The overall security property comprises 5 titles located near the Phillip island tourism activity area. The overall land size is approximately 23.13 hectares. The developer is actively under the process of applying for a planning permit to develop the land into a holiday resort
WEST MELBOURNE VIC I
Land Loan
First Mortgage
Facility Limit: $8,027,500
LVR 65%
Net Investor Return 8.5% - 9% P.A.
The loan is intended to enable the borrowers to refinance the existing indebtedness of the property. The property is in a premium location, covering a total land size of 1,700 square meters. It is ready for development, with a planning permit already granted for the development of townhouses
WEST MELBOURNE VIC II
Residual stock Loan
First Mortgage
Facility Limit: $15,422,727
LVR 65%
Net Investor Return 8.0% - 8.5% P.A.
The loan is intended to enable the borrowers to refinance the construction loan. The development consists of 37 luxury townhouses, divided into two stages. Located in a premium area with close proximity to Melbourne CBD, these townhouses are designed and constructed to meet high-quality standards
KEYSBOROUGH VIC V
Construction Loan
First Mortgage
Facility Limit • $26,231,272
LVR • 65%
Net Investor Return • 6.5% - 7.5%
To refinance the existing land loan over the property and provide funds for the construction of 59 three and four-bedroom townhouses.
KEYSBOROUGH VIC VI
Construction Loan
First Mortgage
Facility Limit • $2,300,000
LVR • 70.7%
Net Investor Return • 10%
To refinance the existing land loan over the property and provide funds for construction.
Chelsea Heights VIC
Land Loan
First Mortgage
Facility Limit: $10,140,000
LVR 65%
Net Investor Return 8.25% - 9.25% P.A.
The loan is intended to enable the borrowers to refinance the existing indebtedness on the property. The property is located in a popular residential area south-east of Melbourne. The existing planning permit allows for the development of 59 townhouses, along with a childcare center.
Brighton East VIC
Construction Loan
First Mortgage
Facility Limit: $6,263,706
LVR 65%
Net Investor Return 8.5% - 9.0 % P.A.
The loan is intended to enable the borrowers to refinance the existing indebtedness on the property. Located in a premium bayside area on the southern side of Melbourne, the development plan includes the construction of four double-storey boutique townhouses. These finished products are expected to be highly popular in the local market.
Brighton VIC V
Construction Loan
First Mortgage
Facility Limit: $20,377,578
LVR 65%
Net Investor Return 8.0% - 9.0 % P.A.
The loan is intended to enable the borrowers to refinance the existing indebtedness on the property. Located in one of the most luxury suburb on the southern side of Melbourne, the development plan includes the construction of six double-storey luxury townhouses with generous internal sizes. The design and delivery of the final products will be extremely premium to meet the needs of high valued property buyers.
Glen Iris VIC
Glen Iris VIC
Land Loan
First Mortgage
Facility Limit: $3,900,000
LVR 42.86%
Net Investor Return 7.75% - 8.25% P.A.
The loan is intended to enable the borrowers to refinance their existing indebtedness on the property. The property is located in the premium suburb of Glen Iris, situated 11 km from the Melbourne CBD. The overall land size is around 1,800 sqm. The land is supported by an existing planning permit, which allows for a multi-level aged care facility.
Mulgrave VIC
Land Loan
First Mortgage
Facility Limit: $3,931,524
LVR 65%
Net Investor Return 8.5% - 9.0% P.A.
The loan is intended to enable the borrowers to refinance their existing indebtedness on the property. The property is located in the south-eastern suburb of Mulgrave, situated 21 km from the Melbourne CBD. The overall land size is around 6,070 sqm. The proposed development has been granted consent by the Department of Environment, Land, Water & Planning to develop 72 apartments and 9 townhouses.
Hampton Park VIC
Land Loan
First Mortgage
Facility Limit: $27,317,077
LVR 62.50%
Net Investor Return 7.50% - 8.0% P.A.
The loan is intended to enable the borrowers to refinance their existing indebtedness on the property. The property is located in the south-eastern suburb of Hampton Park, situated 44 km from the Melbourne CBD. The overall land size is around 17,700 sqm. The site is rectangular in shape and slopes from south to north. The area is an established residential precinct that comprises a mix of typical residential development and larger lifestyle lots
Completed Projects
EPPING NSW
Development Finance
Unregistered Second Mortgage
Facility Limit • $5,000,000
LVR • 67.18%
Net Investor Return • 14% p.a.
The additional $5 million was required to complete the construction. Repaid at completion of construction with settlement of presold apartments.
DOUBLE BAY NSW I
Development Finance
Unregistered Second Mortgage with Caveat
Facility Limit • $2,460,000
LVR • 60%
Net Investor Return • 12% p.a.
To settle the Borrower's next development site and fund professional fees in preparation for the commencement of the construction. Loan repaid through the cash received from other projects completed.
CREMORNE NSW I
Residual Stock
Unregistered Second Mortgage with Caveat Converted to First Mortgage
Facility Limit • $1,760,000
LVR • 64%
Net Investor Return • 10.5% p.a.
To release equity to the Borrower using the security of residual stocks. The loan was repaid within 3 months upon refinancing of the residual stock apartments.
CREMORNE NSW II
Residual Stock
First Mortgage
Facility Limit • $1,903,000
LVR • 65%
Net Investor Return • 9% p.a.
To release capital to the Borrower using two residual stock apartments in the development in Cremorne.
CHATSWOOD NSW I
Residential Properties
First Mortgage
Facility Limit • $2,800,000
LVR • 70%
Net Investor Return • 9% p.a.
Acquisition funding for 2 adjoining residential properties earmarked for future development.
HAMILTON QLD
Luxury House Finance
Second Mortgage
Facility Limit • $1,300,000
LVR • 65%
Net Investor Return • 9% p.a.
Second Mortgage for the purpose of property settlement.
CHATSWOOD NSW II
Land Development
First Mortgage
Facility Limit • $1,974,000
LVR • 70%
Net Investor Return • 8.5% p.a.
To assist settlement of the security properties and to enable the borrower to hold the properties whilst re-zoning changes are to be approved by Council.
BELLEVUE HILL NSW
Luxury House Finance
Second Registered Mortgage
Facility Limit • $2,325,000
LVR • 29%
Net Investor Return • 9% p.a.
Provide working capital facility in anticipation of sale of the Security Property.
VAUCLUSE NSW I
Luxury House Finance
Second Registered Mortgage
Facility Limit • $3,500,000
LVR • 63%
Net Investor Return • 12% p.a.
To help the Borrower complete the purchase of one of the security properties. This loan was repaid before expiry through a land refinance at lower costs.
DOUBLE BAY NSW II
Development Finance
Guaranteed Bonds
Facility Limit • $4,000,000
LVR • N/A
Net Investor Return • 25% p.a.
To fund the borrower’s seed equity to acquire the development site.
ERMINGTON NSW
Development Finance
Second Unregistered Mortgages with Caveats over Two Projects
Facility Limit • $1,000,000
LVR • 64%
Net Investor Return • 14% p.a.
To assist with the borrowers' funding gap of debt refinance on the development project.
DOUBLE BAY NSW III
Land Loan
First Mortgage
Facility Limit • $8,837,788
LVR • 65%
Net Investor Return • 8.0% - 8.5% p.a.
To help the borrower refinance the existing debt and fund early works and project costs of the proposed residential development of 8 luxury apartments.
VAUCLUSE NSW II
Land Loan
First Mortgage
Facility Limit • $8,837,788
LVR • 65%
Net Investor Return • 8.0% - 8.5% p.a.
To help the borrower refinance the existing debt and fund early works and project costs of the proposed residential development of 8 luxury apartments.
VAUCLUSE NSW III
Land Loan
First Mortgage
Facility Limit • $13,650,000
LVR • 65%
Net Investor Return • 8.25% p.a.
To refinance the existing first and second mortgage debt on the security property.
DOUBLE BAY NSW IV
Construction Loan
First Mortgage
Facility Limit • $20,460,000
LVR • 70%
Net Investor Return • 7.5% - 8.75% p.a.
To refinance the current land loan and complete the development of the property. The Development will comprise the construction of 8 luxury apartments with basement car parking.
ROSE BAY NSW I
Residential Stock Loan
First Mortgage
Facility Limit • $26,682,500
LVR • 65%
Net Investor Return • 8.25% p.a.
The residual stock loan is used to repay the existing construction loan and fund interest and fees.
RUSHCUTTERS BAY NSW
Land Loan
First Mortgage
Facility Limit • $952,000
LVR • 68%
Net Investor Return • 7.25% - 7.5% p.a.
To enable the Borrower to complete the purchase of the Property.
DOUBLE BAY NSW V
Land Loan
Guaranteed Units
Facility Limit • $8,000,000
LVR • 75%
Net Investor Return • 15% p.a.
To fund the junior loan to Borrower for the purpose of completing the purchase of the property.
DARLINGHURST NSW
Land Loan
First Mortgage
Facility Limit • $1,200,000
LVR • 60%
Net Investor Return • 8% p.a.
To release parts of the Borrower’s equity to acquire another asset.
BLACKBURN VIC I
Land Loan
First Mortgage
Facility Limit • $2,600,000
LVR • 55%
Net Investor Return • 8.25% p.a.
To fund the pre-development works in respect of the project. The development comprises 4 townhouses with premium design.
BLACKBURN VIC II
Land Loan
Second Mortgage
Facility Limit • $470,000
LVR • 65%
Net Investor Return • 14.75% p.a.
To fund the pre-development works in respect of the project.
BURWOOD VIC
Land Loan
First Mortgage
Facility Limit • $2,200,000
LVR • 40%
Net Investor Return • 7.95% - 8.20% p.a.
To refinance developer’s existing debt over this property. The proposed development comprises 36 residential apartments over a five-level building.
CAMBERWELL VIC
Land Loan
First Mortgage
Facility Limit • $3,575,000
LVR • 65%
Net Investor Return • 9% p.a.
To fund the acquisition of the land with a prime location. The planning permit allows for a development of three-level building of 25 residential apartments.
CARRUM DOWNS VIC
Land Loan
First Mortgage
Facility Limit • $660,000
LVR • 60%
Net Investor Return • 9% p.a.
To provide working capital for the developer by releasing some of its equity on this property.
CHADSTONE VIC I
Construction Loan
First Mortgage
Facility Limit • $33,420,000
LVR • 67%
Net Investor Return • 7.5% - 8.25% p.a.
To fund the construction of 98 residential apartments over a five-level building and a four-level building.
CHADSTONE VIC II
Bridging Loan
Second Mortgage
Facility Limit • $2,000,000
LVR • 71%
Net Investor Return • 11% p.a.
To provide working capital for the developer in purchasing other development sites.
KEYSBOROUGH VIC I
Land Loan
First Mortgage
Facility Limit • $7,200,000
LVR • 60%
Net Investor Return • 8% p.a.
To fund the acquisition of the land with a proposed development of 42 houses.
KEYSBOROUGH VIC II
Land Loan
First Mortgage
Facility Limit • $8,100,000
LVR • 60%
Net Investor Return • 9% p.a.
To assist with funding the acquisition of a permit approved development site. The property has an existing planning permit allowing for the construction of 59 three and four-bedroom townhouses.
MITCHAM & MULGRAVE VIC I
Land Loan
First Mortgage
Facility Limit • $7,000,000
LVR • 55%
Net Investor Return • 8% p.a.
To refinance the existing land loan.
MITCHAM & MULGRAVE VIC II
Land Loan
Second Mortgage
Facility Limit • $650,000
LVR • 65%
Net Investor Return • 12% p.a.
To provide additional working capital to the developer for future development opportunities.
MURRUMBEENA VIC
Construction Loan
First Mortgage
Facility Limit • $12,915,000
LVR • 65%
Net Investor Return • 8% - 9% p.a.
To fund the construction of a multi-storey mixed-use building comprising 37 units and 4 ground-floor commercial with 41 car spaces.
PLUMPTON VIC
Land Loan
First Mortgage
Facility Limit • $3,600,000
LVR • 23%
Net Investor Return • 10% p.a.
To provide working capital for the seasoned developer group with future development opportunities.
ST KILDA VIC I
Land Loan
First Mortgage
Facility Limit • $15,950,000
LVR • 55%
Net Investor Return • 7.25% p.a.
The security property has acquired a Permit allowing for the construction of 19-storey building comprising 101 residential apartments, ground floor convenience restaurants and dispensation of car parking.
ST KILDA VIC II
Land Loan
Second Mortgage
Facility Limit • $1,450,000
LVR • 60%
Net Investor Return • 12% p.a.
To refinance the current land loan and provide the borrower with working capital.
MENTONE VIC
Land Loan
First Mortgage
Facility Limit • $4,130,000
LVR • 73.5%
Net Investor Return • 10% p.a.
To fund the acquisition of the security property. The property is a 1,716 sqm development site with a planning permit to build a six-level building comprising 61 residential apartments.
MALVERN VIC I
Construction Loan
Preferred Equity
Facility Limit • $3,750,000
LVR • 75%
Net Investor Return • 14% p.a.
To fund the construction process of the security property. The building is a boutique apartment building with 17 residential apartments with basement parking.
SOUTH YARRA VIC
Development Finance
Convertible Bond
Facility Limit • $3,700,000
LVR • 75%
Net Investor Return • 18% p.a.
To fund the construction process of the security property. The project is to construct an apartment building with 7 large and well-appointed two and three-bedroom apartments over 4 levels and basement car parking for 14 vehicles.
GLEN IRIS VIC I
Development Finance
Ordinary Equity
Facility Limit • $5,000,000
LVR • N/A
Net Investor Return • 19% p.a.
To fund the construction of a boutique luxury apartment. The proposed development plan comprises 23 large apartments over 4 levels.
GLEN IRIS VIC II
Development Finance
Preferred Equity
Facility Limit • $3,200,000
LVR • 75%
Net Investor Return • 13% p.a.
To finance the construction of the property. Planning permit has been acquired. The proposed development plan comprises 23 large apartments over 4 levels. Exit via redemption of Preference.
TOORAK VIC
Property Loan
First Mortgage
Facility Limit • $3,900,000
LVR • 65%
Net Investor Return • 9% p.a.
To assist settlement of the security property. The security property comprises a cleared development site in the heart of Toorak and basement car parking.
GLEN IRIS VIC III
Construction Loan
First Mortgage
Facility Limit • $16,000,000
LVR • 63%
Net Investor Return • 8% p.a.
To fund the construction of 25 luxury apartments in Glen Iris. 90% of Pre-sales have been achieved with 10% cash deposits.
ALBERT PARK VIC
Construction Loan
First Mortgage
Facility Limit • $4,111,000
LVR • 67%
Net Investor Return • 7.5% - 8.5% p.a.
To refinance existing debt and to fund the construction of 2 luxury townhouses in Albert Park, Melbourne. The development consists of a boutique residential development comprising 2 three-bedroom luxury townhouses, each over three levels.
CLIFTON HILL VIC
Development Loan
Guaranteed Loan Notes
Facility Limit • $3,300,000
LVR • N/A
Net Investor Return • 18% p.a.
The Issue proceeds will be used to support the acquisition of properties to create the consolidated Foundry Site.
CAMMERAY NSW
Land Loan
First Mortgage
Facility Limit • $1,450,000
LVR • 27.6%
Net Investor Return • 7% p.a.
To enable the Borrower to complete the purchase of the site with an approved DA to construct four luxury townhouses.
BRIGHTON VIC I
Land Loan
First Mortgage
Facility Limit • $2,000,000
LVR • 25%
Net Investor Return • 7.5% p.a.
To fund the borrower’s development works, working capital and corporate obligations. The security property has a premium location in Brighton VIC.
NORWEST NSW
Residual Stock Loan
First Mortgage
Facility Limit • $1,493,000
LVR • 64.5%
Net Investor Return • 6.8% p.a.
To facilitate the Borrower in providing equity release with securities of two newly completed townhouses. The loan has a clear exit strategy because one of the townhouses has a presale contract to settle in 3 months’ time.
CORONET BAY NSW
Land Loan
First Mortgage
Facility Limit • $1,290,000
LVR • 60%
Net Investor Return • 9% p.a.
To release equity to support the planning permit application and to complete the preliminary works in preparation for the development. The proposed plan is to develop half of the land into a site providing for 178 hotel rooms, 300 capacity restaurant and 500 capacity function rooms.
OFFICER VIC
Construction Loan
First Mortgage
Facility Limit • $10,809,000
LVR • 60%
Net Investor Return • 7.5% - 8.75% p.a.
To fund the construction of the development of 2 two-storey commercial buildings accommodating shop/food and drink premises, gym, offices, supermarket and medical facilities.
CHADSTONE VIC III
Residual Loan
First Mortgage
Facility Limit • $3,947,000
LVR • 70%
Net Investor Return • 7% - 7.25% p.a.
To facilitate the borrower in repaying existing development finance and provide equity release. The loan is secured by 11 apartments within a newly completed 2-building complex comprising 98 contemporary apartment residences and basement carparking.
CHADSTONE VIC IV
Residual Loan
First Mortgage
Facility Limit • $5,677,000
LVR • 70%
Net Investor Return • 7% - 7.25% p.a.
To facilitate the borrower in repaying existing development finance and provide equity release. The loan is secured by 16 recently completed apartments.
BONNIE BROOK VIC
Land Loan
First Mortgage
Facility Limit • $2,700,000
LVR • 51%
Net Investor Return • 8% - 8.25% p.a.
To fund the acquisition of a vacant land located at Bonnie Brook VIC for a seasoned developer. The land has a great potential for future development.
BONNIE BROOK VIC II
Land Loan
First Mortgage
Facility Limit • $4,900,000
LVR • 61.25%
Net Investor Return • 8%
To fund the acquisition of a vacant land located at Bonnie Brook VIC for a seasoned developer. The land has a great potential for future development.
KEYSBOROUGH VIC III
Land Loan
First Mortgage
Facility Limit • $8,500,000
LVR • 64%
Net Investor Return • 7.25% - 7.5% p.a.
To refinance the existing land loan over the property. The property has an existing planning permit allowing for the construction of 59 three and four-bedroom townhouses
KEYSBOROUGH VIC IV
Land Loan
Second Mortgage
Facility Limit • $600,000
LVR • 68%
Net Investor Return • 12% p.a.
To refinance the existing land loan over the property and provide additional working capital.
Mitcham & Mulgrave VIC III
Land Loan
First Mortgage
Facility Limit • $7,760,000
LVR • 61%
Net Investor Return • 7.5% p.a.
To refinance the borrower’s existing debt in respect to the property and provide additional working capital to assist the borrower’s pre-development works required in respect to the security properties.
BRIGHTON VIC I
Land Loan
First Mortgage
Facility Limit • $2,000,000
LVR • 25%
Net Investor Return • 7.5% p.a.
To fund the borrower’s development works, working capital and corporate obligations. The security property has a premium location in Brighton VIC.
BRIGHTON VIC IV
Land Loan
First Mortgage
Facility Limit • $7,936,000
LVR • 64%
Net Investor Return • 6.75% p.a.
To assist the borrower to prepare for construction. The security property has a premium location in Brighton VIC.
BRIGHTON VIC II
Construction Development
First Mortgage
Facility Limit • $12,460,000
LVR • 59%
Net Investor Return • 8.5% p.a. Expected
To finance the purchase of the properties, the application for a Planning Permit and other project costs. The development consists of 16 luxury apartments in a boutique three-storey building with car parking for 44 vehicles.
BRIGHTON VIC III
Construction Development
Ordinary Equity
Facility Limit • $9,000,000
LVR • N/A
Net Investor Return • 19.6% p.a. Expected
To finance the purchase of the properties, the application for a Planning Permit and other project costs. The development consists of 16 luxury apartments in a boutique three-storey building with car parking for 44 vehicles.
