Lucent Capital

Stewart Street Unit Trust

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Investment start date

August 2018
31 month investment

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Asset Class

Debt (Mortgage over units)

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Return

15.00% (minimum) to 17.61% p.a.
38.75% total return over time period

Funding opportunity for a 4-5 level development at 269 Stewart St Brunswick East. Lucent were looking for $2,721,000 to fund a component of land settlement, permitting, sales commissions and marketing costs. Our clients can expect a minimum return of 15.00% p.a. (but up to 17.61% p.a. if profit meets target) over a 31 month timeframe (March 2021 maturity date).