Investment start date
November 2023
Up to 15-months with option of 3-month extension
Asset Class
Private Debt
Property Debt
Return
Indicative all up rate of 10.0599% p.a. after fees
Partners Private was pleased to present the Banner Wholesale Property Income Fund (426 Green Hill Rd Eynesbury VIC) investment opportunity. This was an opportunity to invest into the first registered mortgage over the property located at 426 Green Hill Rd Eynesbury, VIC. The investment was structured as a ‘sub-scheme’ of the Banner Wholesale Property Income Fund.
Banner Asset Management was raising $24 million to participate in a land subdivision development. The investment was a first mortgage loan facility to fund the refinance of a development site and subdivision of 184 residential lots over 3 stages (being the initial 3 stages of a 10-stage development).
The Fund was a closed-ended investment structure which comprised a number of ‘sub-schemes’ of the Banner Wholesale Property Income Fund.