Welcome to another edition of On the Portal, SCP’s snapshot of current rates and some of the investment opportunities currently available on the Investor Portal.
This month, investors can see a range of residential opportunities on the Portal, some with increased rates, including completed homes, residential land, and a few Future Build opportunities.
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.
As always, the details of each investment matter. 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. For more information on how to read an investment: How to read an investment listing on the SCP Investor Portal.
Here is a snapshot of some of the opportunities currently available on the Portal:
Residential property in Orewa, Auckland: two brand-new five-bedroom home located a short distance from Orewa Beach. The borrowers are existing SCP clients with good account conduct. The particulars of this loan include a 12-month term, 5.75% p.a* interest rate, and an LVR of 70%.
Residential property in Rosehill, Auckland: a brand new six-bedroom home completed to high specifications. The borrowers are existing SCP clients with good account conduct. The particulars of this loan include a 12-month term, 5.75% p.a* interest rate, and an LVR of 65%.
Residential plus land in Papakura, Auckland: three pieces of residential land within a new quality Karaka subdivision, plus a brand new townhouse. The particulars of this loan include a 24-month term, 5.85% p.a* interest rate, and an LVR of 60%.
Residential property in Otahuhu, Auckland: a 1960s four-bedroom home on a large site zoned Mixed Housing Suburban. The particulars of this loan include a 12-month term, 5.75% p.a* interest rate, and an LVR of 65%.
Registered investors can log in to the Investor Portal to learn more about the opportunities currently available.
If you are still considering SCP as an investment vehicle please do not hesitate to contact one of the investment team for more information or reply to this email.
* 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.