CPF Property Debt Fund

Spring Creek 2024 Residual Stock

About Spring Creek 2024 Residual Stock

Spring Creek is situated in the regional township of Beaudesert located 65 kilometres west of Surfers Paradise and 69 kilometres south of Brisbane.

Stages 3 & 4 is a recently completed residential land sub-division comprising 81 land lots (Subject Property) ranging in size from 405 to 805 sqm. Stages 3 & 4 are the latest development within a larger master planned residential community referred to as ‘Spring Creek’.

The principal director of the borrowing entity has been known to the CPF lending team for several years, and CPF has successfully lent funds to the directors of the borrowing entity on previous occasions.

INVESTMENT DETAILS

Return: 10.00% pa – paid quarterly
LVR: 62.00%
Expected Repayment Date: May 2025

First Mortgage Security

Why Invest?

The Borrower has been known to the lending team for over 15 years and CPF has successfully lent to the Borrower on previous occasions.

The Borrower is regarded by the Lending team as highly competent and experienced in this type of development.

CPF is very familiar with Spring Creek having funded the initial land acquisition and subsequent development & sale of stages 1 through to 4, equating to over 100 land lots.

There is no construction risk as the residential land lots are now completed.

Spring Creek is evolving into a desirable housing estate within Beaudesert and has enjoyed consistent increases in the value of the completed residential lots.

CPF regard the LVR to be at the lower end for this type of project.

Loan Summary

 

LOAN SUMMARY – Spring Creek 2024 Residual Stock

Loan Facility

$8,392,313


Fund Status

Open for Investment


Loan Term

Expected Repayment May 2025


Investor Distribution Yield

10.00% p.a. – paid quarterly


Minimum Investment

$50,000


Security

  1. Registered First Mortgage over the Property Security
  2. Directors Guarantee including a high net worth individual

 

Loan to Valuation Ratio ‘LVR’

The loan to valuation ratio (LVR) is less than 62% exclusive of GST.


Co-investment

Yes – CPF has invested into this Loan


About the Property Security 

    1. Security is provided via a registered first mortgage over  & directors guarantees

Valuation

‘As Is’ valuation of the Subject Property $13,579,097 exclusive of GST

Application Forms & Fund Documents

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Registry Forms

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Current Offers

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Return: 9.00% p.a - paid quarterly
LVR: 52.64%
Expected Repayment Date: Feb 2025
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Return: 10.5% pa - paid quarterly
LVR: 60.00%
Expected Repayment Date: Dec 2024
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Return: 10.25% pa - paid quarterly
LVR: 62.6%
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Return: 9.00% p.a - paid quarterly
LVR: 26.00%
Expected Repayment Date: Oct 2024
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