Secura Funds delivers excellent returns for investors

Secura Funds select mortgage investments have paid 9.5% (Secura1) &  18.0% (Secura2) to Sophisticated Investors for the month of November:

Secura Funds paid excellent returns on two investments; 9.5% p.a and 18.0% p.a, both pre paid for 12 months to investors whom opted in on our Secura1 Bossley Park and Secura2 Bankstown investments. (This is an effective rate of 10.5 % p.a  and 21.9% p.a for the first 12 months based on simple interest in arrears.)

Secura Funds’ latest investments include

1.     Interest 9% prepaid for 12 months

  1^st mortgage: $900K loan for “as is” land at Toorak Road, Hawthorn East Melbourne Vic). LVR 65%. Planning permit is in place, waiting pre-sales and construction preliminaries. take out from combined land and construction facility.

Funds required December 2013.

2.     Interest 15% p.a. payable monthly in arrears.

         2^nd mortgage: $160K loan for working capital for development site at Boneo (Mornington Peninsula, Vic) “Over 55” village next to caravan park. LVR 65% (combined 1^st and 2^nd). Take out from combined land and construction facility on completion of all preliminaries. Funds required December 2013.

3.     Interest 10% p.a Loan 1; 14.0% p.a. Loan 2 – prepaid 6 months, then monthly

         Layered 1^st and 2^nd mortgage: $1.37M combined loan (Loan 1: $1.05M; Loan 2 $320K) for development site at Nicholson St, North Fitzroy (Melbourne Vic). Combined LVR 67%. Permit in place for townhouses and apartments. Take out from combined land and construction facility on completion of pre-sales, preliminaries and construction financing. Funds required December 2013.