Acquisition Date: March 2020
Acquisition Price: $100m
Target IRR: 11.5%
NLA: 39,108sqm
Acquisition Date: July 2017
Acquisition Price: $175m
Target IRR: 12%
NLA: 23,309sqm
Term: 1.5yrs
Asset Value: $14.4m
Yield: Capitalising coupon, repaid on exit
LVR: 53% p.a.
Term: 1.5yrs
Asset Value: $92m
Yield: Capitalising coupon, repaid on exit
LVR: 70%
Security: Registered 2nd Mortgage
Term: 2yrs
Asset Value: $24m
Yield: Capitalising coupon, repaid on exit
LVR: 62%
Security: Registered 2nd Mortgage
Term: 2.5yrs
Asset Value: $35m (implied)
Yield: 10% p.a. (on cost)
Exit Price: $51.75m
LVR: 33%
Term: 3yrs
Asset Value: $30m
Forecast Yield: Quarterly coupon, CPI adjusted
LVR: 67%
Term: 10yrs
Asset Value: $25m
Forecast Yield: 5%p.a
LVR: Unlevered