Banner Asset Management - Revolving Land Facility (2023)

Investment start date

June 2023 (12-month term)

Asset Class

Private Debt

Return

Targeting 10.15% p.a. IRR

This investment provided an opportunity to invest in a first mortgage revolving land facility to assist with acquisition of development sites for the well-known Melbourne based developer, Bensons Property Group.

The facility is a first mortgage secured loan over the property. It has a general security deed over the SPV of the land holding entity, corporate guarantee from the SPV of the land holding entity, and a personal guarantee from the director. With a loan-to-value ratio of 50%, and payment on a monthly basis to investors of 30-day BBSW plus a margin of 6.5% p.a.

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Investment amount *

Which investment structure do you utilise?

Personal Name

Trust

SMSF

Corporate

I ACKNOWLEDGE THAT PARTNERS PRIVATE PTY LTD OR ITS RELATED ENTITIES WILL RECEIVE AN ONGOING REFERRAL FEE OF 0.55% INC. GST ON CAPITAL INVESTED IN THE FUND. THESE FEES WHICH ARE PAID BY BANNER ASSET MANAGEMENT PTY LTD ARE NOT INCLUDED IN THE INFORMATION MEMORANDUM. WHERE YOU HAVE BEEN REFERRED TO US BY SOMEONE ELSE, WE MAY PAY THEM A FEE, COMMISSION OR SOME OTHER BENEFIT IN RELATION TO THEIR REFERRAL. WE MAY PAY REFERRAL PARTNERS UP TO 50% OF ANY INITIAL FEES WE RECEIVE. *