CPF Property Debt Fund

Spring Creek East 2024

About Spring Creek East 2024

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

The Loan is secured via a registered first mortgage over the balance of undeveloped land located at 278 Kerry Road Beaudesert QLD 4285 also known as Spring Creek East and adjoins ‘Spring Creek’ – a residential development currently being undertaken by the borrower.

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: 9.00% pa – paid quarterly
LVR: 52.64%
Expected Repayment Date: February 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 and stage 8.

The Borrower has already completed the successful development and sale of approximately 120 residential land lots within Spring Creek.

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

Land subdivision projects are generally considered lower risk when compared to built form development projects.

Loan Summary

 

LOAN SUMMARY – Spring Creek East 2024

Loan Facility

$7,541,341


Fund Status

Open for Investment


Loan Term

Expected Repayment February 2025


Investor Distribution Yield

9.00% 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 53% 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 the Subject Property being:
      • land located at 22a Telemon Road Beaudesert Qld, specifically lots 9002-9009, and currently being marketed as ‘Spring Creek’ and valued on an ‘As Is’ basis at $21,700,000.
      • land located at 278 Kerry Road Beaudesert Qld referred to in this document as ‘Spring Creek East’ and valued on an ‘As Is’ basis at $12,800,000.

Valuation

‘As Is’ valuation of the Subject Property $34,500,000 exclusive of GST

Application Forms & Fund Documents

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Registry Forms

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Current Offers

Capital Property Funds Tingalpa 2024 (First Mortgage)

Open for Investment

Tingalpa 1st Mortgage

Return: 10.50% pa - paid quarterly
LVR: 65.00%
Expected Repayment Date: July 2025
Type: Industrial Business Park

Capital Property Funds Tingalpa 2024 (First Mortgage)

Open for Investment

Tingalpa 2nd Mortgage

Return: 18.00% pa - paid quarterly
LVR: 75.00%
Expected Repayment Date: July 2025
Type: Industrial Business Park

Capital Property Funds Tingalpa 2024 (First Mortgage)
Paddington 10.25 Construction

Return: 10.25% pa - paid quarterly
LVR: 65.00%
Expected Repayment Date: April 2025
Type: Child Care Centre

Currently Closed

Currently Closed

Samford Rise 2024

Return: 10.25% pa - paid quarterly
LVR: 65.00%
Expected Repayment Date: June 2025
Type: Residential Land Subdivision

Open for Investment

Eunoia First Mortgage

Return: 10.5% pa - paid quarterly
LVR: 60.00%
Expected Repayment Date: Dec 2024
Type: Residential Land Subdivision

Tallowwood Maleny

Return: 9.00% p.a - paid quarterly
LVR: 26.00%
Expected Repayment Date: Oct 2024
Type: Residential Land Subdivision

Currently Closed

Closed for Investment

Closed for Investment

Spring Creek Residual 2024

Return: 10.00% pa - paid quarterly
LVR: 62.00%
Expected Repayment Date: May 2025
Type: Residential Land Subdivision

Closed for Investment

Paddington (Qld) 2024 (First Mortgage)

Return: 10.00% pa - paid quarterly
LVR: 65.00%
Expected Repayment Date: April 2025
Type: Child Care Centre

Closed for Investment

Paddington (Qld) 2024 (Second Mortgage)

Return: 18.00% pa - paid quarterly
LVR: 72.00%
Expected Repayment Date: April 2025
Type: Child Care Centre

Closed for Investment

Spring Creek East 2024

Return: 9.00% p.a - paid quarterly
LVR: 52.64%
Expected Repayment Date: Feb 2025
Type: Residential Land Subdivision

Closed for Investment

Yallambi QLD Residual

Return: 10.00% p.a - paid quarterly
LVR: 62.00%
Expected Repayment Date: Nov 2024
Type: Residual Stock Loan

Closed for Investment

Ridgeside Caboolture 2023

Return: 10.00% pa - paid quarterly
LVR: 69.00%
Expected Repayment Date: July 2024
Type: Residential Land Subdivision

Closed For Investment

Samford Rise Construction 10.25% Units

Return: 10.25% pa - paid quarterly
LVR: 62.6%
Expected Repayment Date: May 2024
Type: Residential Land Subdivision

Yallambi Construction 10% Units Bunya QLD

Return: 10.00% pa - paid quarterly
LVR: 59.46%
Expected Repayment Date: Mar 2024
Type: Residential Land Subdivision

Closed for Investment

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