Our Lending Business

The Company’s lending is focused on primarily first registered mortgage loans to borrowers who may require flexibility in terms and conditions not met by Australia’s traditional financial institutions.

These market segments represent an opportunity for the Company which is seeking to meet a specific demand for alternatives to those intermediaries. We are able to respond promptly to assess the client’s need, negotiate acceptable solutions and provide a decision on applications from our senior management who are directly involved in the process.

Typical borrowing clients may include:

• Property investors raising funds to purchase another property or acquire land for development;
• Borrowers seeking bridging loans to complete purchase and sales transactions with timing mismatches; and
• Business owners and self employed professionals seeking to access equity from property assets to meet short term working capital or capital expenditure peak requirements.

The purpose of this issue is to raise funds to finance the Company’s lending activities to build a portfolio of quality registered mortgage loans which will be diversified across property sectors and geographic location as the portfolio grows.

The loan portfolio will attract a higher average interest rate than that of traditional lenders in line with the target specialist lending market and the shorter term nature of the facilities provided generally for up to one year but for never longer than three years. These rates are however often less than other alternative sources of funding such as finance companies, private lenders and solicitors’ loans.