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Open for Investment: 100 Dorsal Drive

HoldenCAPITAL Partners is pleased to present you with our latest Select Loan Investment, 100 Dorsal Drive, which is now open for investment.

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STATUS
Open for investment

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TYPE
Terraced Homes

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TERM
11 months

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Projected IRR

9.28% p.a.

SECURITY
1st Mortgage


HoldenCAPITAL Partners is pleased to present you with our latest Select Loan Investment, 100 Dorsal Drive, which is now open for investment. 100 Dorsal Drive has passed 60% subscription with just $2.5m available for subscription.

The 100 Dorsal Drive development represents an opportunity to lend to an experienced developer, constructing a well located and conceived project with an attractive risk return profile.

Key investment details:

  • 9.28%pa^ projected IRR for investors;

  • First Mortgage secured loan (progressively drawn);

  • Low gearing, comprising;

    • Loan to Value Ratio (Excl GST) – equal or less than 47.1% including capitalised fees and interest;

    • Loan to Cost Ratio (Excl GST) - equal or less than 58.9% including capitalised fees and interest;

  • 11 month loan term;

  • The loan purpose is to complete construction of “100 Dorsal Drive”, comprising eighteen (18) terrace homes split between two-level, three-level and four-level terrace homes;

  • The Property is located in the prestigious Aquatic Paradise canal estate at Birkdale. Birkdale is located 25km south-east of Brisbane's CBD.

Next Steps

Please email gc@holdencapital.com.au to confirm your intended investment amount. Once I have confirmed your allocation to you via return email, please send me your completed Selection Form and note that funds will need to be transferred to our solicitor's trust account by Tuesday 9 April in advance of settlement on Wednesday 10 April.

 

Transaction Overview

Loan Facility Type
First Mortgage Loan 

Estimated Net Return
9.28% per annum projected investor IRR

Investment term
11 months

Total Investment
$6.5m

Minimum Investment
$100,000

Investment Term
11 months

Targeted Financial Close
Wednesday April 10th, 2019

Forms & Funds Required By
Tuesday April 9th, 2019

Downloads & Forms

If you have any questions, please contact:

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Gary Connolly
Head of Investments

0432 470 498
gc@holdencapital.com.au