CPF Property Debt Fund

Tingalpa 2024 (2nd Mortage)

About Tingalpa 2024 (2nd Mortgage)

This fund is currently closed for investment but will be re-opening soon.

Please click here to register your interest.

18.00%

Per Annum Paid Quarterly

Second Mortgage

Security

LVR

75.00%

July 2025

Expected Repayment

Loan Summary

Application Forms and Fund Docs

Why Invest

Loan Summary

Application Forms and Fund Docs

Why Invest

Loan Summary

 

LOAN SUMMARY – Tingapla 2024 (Second Mortgage)

Loan Facility

$3,065,400


Loan Term

Expected Repayment July 2025


Investor Distribution Yield

18.00% p.a. – paid quarterly


Minimum Investment

$50,000 – For every dollar placed into the 2nd Mortgage, investors are required to place an additional two dollars into the 1st Mortgage. A separate Appendix A is available for the 1st Mortgage.


Loan Purpose

1. Refinance an existing debt facility; and
2. Provide construction funds for the development of 20 industrial units and 134 car parks within an established business park located at Tingalpa Brisbane


Loan to Valuation Ratio ‘LVR’

75% (excluding GST). This includes the loan amount provided under a first mortgage in the amount of $19,925,100.


Co-investment

CPF will co-invest into this offer


About the Property Security 

Settlement is conditional upon the following security being provided in a form that is acceptable to CPF and CPF’s solicitor:

1. A registered second mortgage over the Property Security;
2. General security agreement over Dexar Tingalpa Central Pty Ltd (ACN 647 466 206) and Dexar Tingalpa Project Pty Ltd (ACN 647 466 117) as it relates to the Property Security;
3. A personal guarantee from Mark Zdrilich;
4. Corporate Guarantees from Dexar Tingalpa Central Pty Ltd (ACN 647 466 206) and Dexar Tingalpa Project Pty Ltd (ACN 647 466 117);
5. A Tripartite Deed between the Borrower, Lender and the Building Contractor; and
6. Such other security as CPF considers appropriate to properly secure its interests in the Property Security.


About the Borrower

The Borrower, Dexar Tingalpa Central Pty Ltd, has previous experience with this type of development. Further details are provided in the Appendix A.


The Borrower(s)

Dexar Tingalpa Central Pty Ltd (ACN 647 466 206) and Dexar Tingalpa Project Pty Ltd (ACN 647 466 117).


Application Forms & Fund Documents

To Register as a Wholesale Investor

Please download our Accountant’s Certificates and return to us via email.

Registry Forms

Click here to change the details relating to your account.

Why Invest?

This is the final stage (i.e. Stage 5) of asuccessful industrial business park with the prior 4 stages having fully sold.

The Loan is secured via a second mortgage security.

As at  the date of the Appendix A (July 2024) there is an increasing demand for industrial units within the Brisbane area.

This style of construction is regarded asformulaic and less complex when compared toother projects such as residential housing.

The Borrower is regarded by the CPF lending team as competent and experienced in this type ofdevelopment.

There is a Tripartite Deed between the Borrower, the Lender and the Builder which provides the Lender with step in rights to the building contract should the project fail to achieve agreed milestones.

The Lender has appointed a highly experienced and competent development manager who will monitor the progress of the project on behalf of CPF.

A Personal Guarantee will be provided by the director(s) and shareholder(s) of the borrowing entity.

The Loan will distribute quarterly income toinvestors at 18.00% p.a. (net of all fees and expenses).

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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