Investment start date
August 2018
31-month investment
Asset Class
Debt (Mortgage over units)
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. The maturity date of March 2021 remains on time.