Investor education before investor promotion.
Use these guides to understand the language and questions relevant to private property lending.
Private property lending
Understand why developers use non-bank finance, how a funding gap arises and why higher returns generally involve higher risk.
Read the operating model →First and second ranking
Ranking determines payment priority if security is enforced. A second-ranking lender is paid after the senior lender.
Review principal risks →Loan-to-value ratio
LVR compares debt with property value. It is useful but remains dependent on valuation assumptions and recovery costs.
See the assessment framework →Liquidity and redemption
Unlisted investments may not be saleable when needed. Understand transfer restrictions, call options and term extensions.
Read the liquidity FAQ →Project update checklist
A useful update shows completed works, outstanding scope, timing, costs, material changes and the limits of the forecast.
View project evidence →Questions to ask before investing
Identify the exact company, product, share rights, constitution and terms of issue. Do not assume a marketing brand is the legal issuer.
Read the payment conditions, Board discretion, legal restrictions and circumstances in which the rate may be reduced or not paid.
Confirm the security holder, registered interests, senior debt, ranking, intercreditor arrangements and estimated recovery position.
Review call rights, maturity, extension provisions, early redemption, private transfer rules and what happens if underlying projects are delayed.
Identify connections between the issuer, borrowers, developers, builders, directors, introducers and service providers, and understand how conflicts are managed.
Request the current Information Memorandum.
Educational material is a starting point. The formal offer documents contain the information required for a proper assessment.