Built form development funds
- Typically apartments or townhouses
- 24 - 30 months
- Target Returns 20-25% p.a.
Shoreline Finance is seeking to raise $3.5 million through the issue of Loan Notes that will be used to fund an unsecured loan to enable the commencement of construction works to advance the Shoreline Development project.
The term of the Loan Notes is 30 months, subject to an extension of up to six months, and the coupon rate is 15% per annum (simple interest) calculated on the outstanding principal of the Loan Note over the investment term. An early redemption of a portion of the Loan Notes is expected to occur in June 2022.
Important information: The information contained in this document was prepared and issued by M Funds Limited ACN 165 708 716, AFSL number 447094 on behalf of Shoreline Finance Pty Ltd ACN 646 228 159 (“Shoreline Finance”). It relates to an offer for investment in Loan Notes issued by Shoreline Finance which is only available to be accepted by “sophisticated investors” as defined in Section 708(8) of the Corporations Act 2001 (Act) and “wholesale investors” who qualify under sections 761G or 761GA of the Act. An investment in the Loan Notes is subject to risks. Applications will only be considered from investors who have registered and received a copy of the Information Memorandum.