6% p.a. return to investors
Quarterly distributions
Capital protection buffer
5 year investment term
The Pyrmont Bridge Road Mortgage Fund aims to provide investors quarterly cash distributions while adopting a defensive strategy by investing in a second mortgage over a high-quality, capital stable and income producing asset. The asset, located at 55 Pyrmont Bridge Road, Pyrmont NSW, is a flagship asset in the real estate portfolio of WOTSO Property (ASX:WOT).
Key Terms
The Fund is a single asset, closed-end, unlisted mortgage scheme. The Fund receives income from the funds lent to the Property Owner
5 years (commencing 1 July 2022)
6% p.a. (net of fees)
Fund Management Fee of 0.5% p.a. of the gross asset value of the Fund
Nil
20,000,000 units @ $1.00 per unit to raise $20 million
$1,000
The Fund is not liquid and Investors have no right to withdraw their investment during the term of the Fund (5 years).
Capital protection buffer. A material equity buffer sits after the 1st and 2nd mortgages.
Paid quaterly
Fund Documents
Now open for investment
Risks
All investments are subject to risk, which means the value of your investment may rise or fall. Before making an investment decision, it is important to understand the risks that can affect the value of your investment. Key risks of the Fund include, but are not limited to:
Priority
Unit holders’ interests rank behind the First Mortgagee which means that the First Mortgagee will be paid before the Fund if the Property is sold.
Diversification
The Fund is a single-asset fund meaning investors have absolute exposure to the returns generated by the Property.
Credit risk
The risk that the Property may decline in price or fail to pay interest or principle when due because the borrower experiences financial strain.
Liquidity risk
Investors have no right to withdraw during the term of the Fund (5 years).