Welcome to another edition of ‘On the Portal’, our monthly blog detailing some of the new loans available on the SCP portal.
We’ve had a record number of new investment opportunities becoming available this month. The recent OCR changes have seen an increase in enquiries for investments that offer more than the currently decreasing term deposits.
We have also released a larger number of opportunities with minimum investment amounts dropping to just $10,000, allowing more investors to sample our investments and diversify their portfolios.
Remember, if you like what you see, log in to the portal and scoop up the loan before someone else does!
Here’s what’s sitting on the portal today:
- Two residential investment properties: a single level, three-bedroom, two-bathroom 127m2 home built 2023 in Paraparaumu on a 603m2 site close to Coastlands Shopping Centre. Plus, a three-bedroom, two-bathroom 165m2 home built 2012 in Otaki on a 462m2 site with easy access to the railway station and amenities. The particulars of this loan include a nine-month term, 7.5% p.a* interest rate and a LVR of 46%.
- Construction of multiple townhouses in Auckland: five standalone townhouses located in Mt Wellington ranging from three to four bedrooms, with 2 bathrooms and a single garage built over 126m2 to 142m2. The 16-month term has a 7.85% p.a* interest rate and a LVR of 65%.
- Construction of a duplex in Hamilton: construction of a single level duplex with each unit comprising three bedrooms, two bathrooms and single garage on an overall site of 460m2 located 4.5km south-east of Hamilton CBD in Fitzroy. The loan term is 15-months, with a 7.75% p.a* interest rate and a LVR of 62%.
- Commercial space in Blenheim: a commercial space of 266m2 with five offices, open office space and staff facilities located on a high-profile site in Blenheim Central Business District. This loan has a 24-month term, 8.15% pa* interest rate and an LVR of 37%.
Login to the portal or contact a member of our investment team today.
* Rates and terms displayed are subject to availability
Southern Cross Partners is licenced to provide peer to peer lender 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