FYE 2021 Q1 Investor Update
Ending September 2020
Please find below information overview of first mortgage investments made available during the quarter.
All completed loans since inception have achieved their target return or higher.
Another Successfully Repaid Investment: Yeppoon, QLD 4703
The loan was repaid on time with all investors being paid their full principal and interest amounts after the borrower refinanced to a mainstream lender.
Correctly Defining the Registered Owners on Title in Private Lending
This video explains why it is essential for brokers and borrowers to correctly outline all of the registered owners on the title when applying for a loan. In addition to ensuring all tenants are listed, the borrowers must also identify who is benefiting from the mortgage transaction (transfer of benefit).
Another Successfully Repaid Investment: Beaumaris, Victoria, 3193
Borrower Insight The loan was introduced via a mortgage broker. The borrower needed to urgently refinance an existing facility that was reaching maturity, and their primary exit strategy was to…