Security
1st mortgages over 63-65 City Road, Southbank, VIC, 3006 and 67-69 City Road, Southbank, VIC, 3006
City Road, Southbank, VIC
FUNDING COMPLETE
Borrower
Collins McPherson Australia Pty Ltd
Investor Rate
10%
Total Commitment
$9,200,000
Estimated Commitment Term
12 months
Lend Collective Minimum Commitment
$1,840,000
Subscriptions received to date from investors
$7,360,000
Participation Commencement Date
14 December 2018
Facility Type
Senior Debt Facilty
Facility Limit
$3,840,000
Interest Rate
10.50% per annum
Loan to Value (Max)
60%
Senior Lender
LC Funding No.2. Pty Ltd
Security
1st Mortgage over 156-162 Thistlethwaite Street, South Melbourne, VIC, 3205
Thistlethwaite Street, South Melbourne, VIC
FUNDING COMPLETE
Borrower
Midland Property Australia Pty Ltd
Investor Rate
9.50%
Total Commitment
$3,840,000
Estimated Commitment Term
12 months
Lend Collective Minimum Commitment
$440,000
Subscriptions received to date from investors
$2,900,000
Participation Commencement Date
12 April 2019
Facility Type
Senior Debt Facility
Facility Limit
2,500,000
Interest Rate
9% per annum
Loan to Value (Max)
70%
Senior Lender
LC Funding No. 3 Pty Ltd
Security
1st Mortgages over 1331-1335 High Street ,Malvern, VIC , 3144 and 1337 High Street, Malvern, VIC, 3144
High Street, Malvern, VIC
FUNDING COMPLETE
Borrower
Moda McArthur Pty Ltd
Investor Rate
8.50%
Total Commitment
$2,500,000
Estimated Commitment Term
18 months
Lend Collective Minimum Commitment
$250,000
Subscriptions received to date from investors
$2,250,000
Participation Commencement Date
15 April 2019
Facility Type
Senior Debt Facility
Facility Limit
3,500,000
Interest Rate
10.50% per annum
Loan to Value (Max)
70%
Senior Lender
LC Security No.3 Pty Ltd
Security
1st Mortgage over 11-13 Pearson Street, Cremorne, VIC, 3121
Pearson Street, Cremorne, VIC
FUNDING COMPLETE
Borrower
Gantal Investments Pty Ltd
Investor Rate
10.00%
Total Commitment
$3,500,000
Estimated Commitment Term
12 months
Lend Collective Minimum Commitment
$350,000
Subscriptions received to date from investors
$3,150,000
Participation Commencement Date
29 April 2019
Facility Type
Senior Debt Facility
Facility Limit
4,000,000
Interest Rate
11% per annum
Loan to Value (Max)
65%
Senior Lender
LC Funding No. 4 Pty Ltd
Security
1st Mortgages over: Lot 311, 2090 Mickleham Road, Mickleham, VIC, 3064; Lot 3806 Preece Way, Rockbank, VIC, 3335; Lot 3807 Preece Way, Rockbank, VIC, 3335, and Lot 194, 36 Wallaroo Way, Strathfieldsaye, VIC, 3551.
Mickleham Road, Mickleham, VIC
FUNDING COMPLETE
Borrower
JG King Display Homes Pty Ltd
Investor Rate
10%
Total Commitment
$1,342,339
Estimated Commitment Term
36 Months
Lend Collective Minimum Commitment
$142,339
Subscriptions received to date from investors
$1,200,000
Participation Commencement Date
2 September 2019
Facility Type
Subordinated Debt Facility
Facility Limit
875,000
Interest Rate
18% per annum
Loan to Value (Max)
70%
Senior Lender
LC Security No.3 Pty Ltd
Security
1st Mortgage over 11-13 Pearson Street, Cremorne, VIC, 3121
Pearson Street, Cremorne, VIC
FUNDING COMPLETE
Borrower
Gantal Investments Pty Ltd
Investor Rate
16%
Total Commitment
$875,000
Estimated Commitment Term
5 months
Lend Collective Minimum Commitment
$87,500
Subscriptions received to date from investors
$787,500
Participation Commencement Date
20 December 2019
Facility Type
Progressive draw construction loan facility
Facility Limit
2,000,000
Interest Rate
13% per annum
Loan to Value (Max)
75%
Senior Lender
Australia and New Zealand Banking Group Limited
Security
Second ranking mortgage, general security agreement and specific share deed. Proportionate guarantees from each of the shareholders of the Borrower and specified individuals.
Riversdale Road, Hawthorn, VIC
FUNDING COMPLETE
Borrower
21 Riversdale Road Pty Ltd
Investor Rate
11%
Total Commitment
$2,000,000
Estimated Commitment Term
17 months
Lend Collective Minimum Commitment
$200,000
Subscriptions received to date from investors
$1,800,000
Participation Commencement Date
10/20/18
Facility Type
Senior Debt Facility
Facility Limit
918,750
Interest Rate
9% per annum
Loan to Value (Max)
75%
Senior Lender
LC Security No 3 Pty Ltd
Security
1st mortgage over Lot 105, 1271-1273 High Street, Malvern, Victoria, 3144
High Street, Malvern, VIC
FUNDING COMPLETE
Borrower
High & Spring Pty Ltd
Investor Rate
8.50%
Total Commitment
$918,750
Estimated Commitment Term
12 months
Lend Collective Minimum Commitment
$88,750
Subscriptions received to date from investors
$830,000
Participation Commencement Date
23 November 2018
Facility Type
Refinance of Construction Loan
Facility Limit
1,400,000
Interest Rate
12.5% per annum
Loan to Value (Max)
40%
Senior Lender
LC Security No.1 Pty Ltd
Security
1st Mortgages over 1 Kennedy Drive, Cambridge, Tasmania, 7170 and 30 Backhouse Lane, Cambridge, Tasmania, 7170
Kennedy Drive, Cambridge, TAS
FUNDING COMPLETE
Borrower
Linear Capital Pty Ltd
Investor Rate
10.50%
Total Commitment
$1,400,000
Estimated Commitment Term
24 months
Lend Collective Minimum Commitment
$140,000
Subscriptions received to date from investors
$1,260,000
Participation Commencement Date
18 October 2018
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