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Discrete Loan 10145

Min $ 100,000

Overview

  • Updated On:
  • October 31, 2024
  • Private Credit
  • 10.25% p.a.
  • Expected 14 months
  • Single

Description

SILC Credit Fund – The purpose of the loan is to assist the Borrower with the refinance of a property located in Footscray VIC 3011 and to provide pre-development funding in preparation for future construction.

Fund Details

Property Id: 19534
Price: Min $ 100,000
Fund Year: 2024
Asset Class: Private Credit
Investment Type: Single
Target Return: 10.25% p.a.
Target Raise: $5.85M
Investment Term: Expected 14 months
Distribution Frequency: Monthly
Status: Open
Maximum LVR: 65% on ‘as is’ valuation
Loss Protection: 35%
Fund Manager: SILC Portfolio Solutions
Tax Advisor: HLB Mann Judd

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Jeff Feng