Mar 20 2018Add to Favorites
More private investors will have access to individual, first mortgage secured loans, which produce a monthly income, via an online platform launched by Balmain Private.
The loans are backed by commercial real estate that has already been credit approved and settled by Balmain, Australia’s largest non-bank commercial loan manager.
Balmain Discrete Mortgage Income Trusts will enable investment in the loans, which are fixed term, the Trust requires a minimum investment of $50,000 from which investments in individual mortgages can be made for $10,000. Terms range from a few months up to three years.
The Trust structure allows investors to create their own portfolio of discrete first mortgage commercial loans, either directly, or via their Self-Managed Super Fund (SMSF) or financial adviser, by selecting one or more loans that suit their individual needs, in terms of risk, returns and terms.
Individual loans are diverse in all aspects, offering returns ranging from 5.6 per cent p.a to 11.2 per cent p.a, with the average net return from loans settled and repaid so far sitting at 7.86 per cent p.a.
Of those loans, 46 per cent have exceeded their Target Rate of Return, while the remainder met theirs.
Making this offer unique is that it’s delivered online, allowing investors to choose their investments and terms, and manage their portfolio via an investor or advisor control console.
This means investors can transact at their convenience via the paperless system, which provides daily reporting, regular updates and complete details of capital movements, including income distributions.
The type of assets are all commercial loans and security has so far included commercial offices, industrial, retail, residential and land, located in Queensland, New South Wales, Victoria and the ACT, with new loans being added regularly.
CapitaLand Commercial Trust Management Limited, the Manager of CapitaLand Commercial Trust (CCT or Trust), is pleased to report distributable income of S$82.7 million for the quarter ended 31 March 2019 (1Q 2019), an uplift of 8.0% from 1Q 2018. Distribution per unit (DPU) was 2.20 cents, 3.8% higher than the 2.12 cents a year ago.
Residential developer Legacy Property is set to commence a syndicated equity raise for its 7thand final stage of Caddens Hill, with minimum investment amounts starting at $250,000, targeting 17.5% investment return over the twelve-month construction period.
MP Funds Management (MPFM) has made its first investment of 2019, a co-investment with another group that MPFM has a successful and ongoing co-investment relationship with. The acquisition of the Crossroads Homemaker Supercenter (the subject property) is an opportunity of scale and dominance in one of Australia’s most significant growth regions. The centre offers an existing net lettable area of 47,997sqm on 143,997sqm land over 4 separate lots. 93% of the property income is underpinned by national retailers including Bunnings Warehouse, Freedom, Fantastic Furniture, the Good Guys and Nick Scali.
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