Welcome to another edition of On the Portal, our regular snapshot of some of the investment opportunities currently available through the SCP Investor Portal.
While winter is traditionally a quieter period for the mortgage and property market, SCP has continued to see a consistent loan pipeline, with new investment opportunities added to the Investor Portal almost every day. As we head towards spring, the lending team is already seeing an increase in enquiries for future loans.
This month, investors will see a mix of residential and Future Build opportunities across Auckland, Hamilton and the Wellington region, with investment rates currently ranging from 6.00% to 6.50% p.a.*
* A Future Build loan generally relates to a site that has been secured ahead of construction. In some cases, the borrower may be purchasing or holding the property now, with a view to seeking further funding from SCP when they are ready to move into the construction stage.
Each listing on the Investor Portal includes information such as the property type, location, loan term, interest rate, LVR, and other details that help investors understand what sits behind the opportunity.
Here is a snapshot of some of the opportunities currently available on the Portal:
Residential Land (Future Build) – Hillcrest, North Shore, Auckland: Two adjoining residential properties with existing dwellings, which are intended to be developed into eight townhouses once consents are in place. The borrowers are existing SCP clients. The investment has an eight-month term, an interest rate of 6.50% p.a., and an LVR of 70%.
Residential – Epsom, Auckland: A large, modern, single-level five-bedroom, four-bathroom home in Epsom's double grammar zone. The borrowers are existing SCP clients. The investment has a 10-month term, an interest rate of 6.00% p.a., and an LVR of 66%.
Residential – Hillcrest, Hamilton: Four recently completed homes, comprising a mix of three- and four-bedroom properties in the established suburb of Hillcrest, within walking distance of the University of Waikato. The investment has an 11-month term, an interest rate of 6.00% p.a., and an LVR of 69%.
Residential – Te Mārua, Upper Hutt: A 1960s two-level, three-bedroom home on a generous 809m² site, which is set to undergo modernising renovations. The property is close to public transport and a short drive from Upper Hutt city centre. The borrower is an existing SCP client. The investment has a five-month term, an interest rate of 6.20% p.a., and an LVR of 70%.
Registered investors can log into the Investor Portal to learn more about the opportunities currently available.
* Investments, rates and terms displayed are subject to availability.
Southern Cross Partners is licensed to provide peer-to-peer lending services under the Financial Markets Conduct Act 2013. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. We recommend you speak with a financial adviser before making any investment decisions.