Following on from our previous update in April 2020 regarding our existing portfolio and credit appetite for new loan opportunities, we are providing the following update and residential property market research.
The recent health and economic situation has had little impact on our current loans with:
- borrowers continuing to meet their repayment obligations and interest distributions paid as per loan covenants;
- Taringa loan settling and investors receiving full redemption of their principal and interest;
- Morningside loan achieving construction practical completion ahead of schedule and currently being readied for exit through an investment loan re-finance.
In the past few weeks we have assessed a number of new lending opportunities and expect to be issuing Information Memorandums for these from next week onwards.
Please click here to view our market summary.
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