Contributory Mortgages – Master Mortgage Fund No. 6 ARSN 114 364 886 (MMF6)
Guardian Securities runs a Contributory Mortgage Scheme (MMF 6) which allows investors to contribute funds to a particular project and developer. Full details of offers to investors are made by way of a Supplementary Product Disclosure Statement (SPDS) which sets out the terms and conditions of these offers.
The difference between a contributory mortgage scheme and a pooled scheme is that investors in a contributory mortgage scheme have a beneficial interest in the mortgage in which they invest and rely on the expertise of the Manager to monitor the project on their behalf. Investors can choose the type of project, the developer and the location of the project that meets their risk profile and they are not exposed to any other project risk. With a pooled scheme, investors do not have a beneficial interest in any particular mortgage and rely on the Manager to distribute their investment into a pool of mortgages to a number of developers which meet certain lending criteria.
At present all of our offers are fully subscribed. We expect new offers to be made available to investors in the near future and these will be posted onto this website. Please contact us on 1800 601 177 if you have any questions on upcoming offers.
Read in full the PDS for the Master Mortgage Fund No. 6 & the SPDS for the loan in which you wish to invest, then:
|First Mortgage Offers||Description|
|Nil open at present||All loans fully subscribed|
Guardian Securities and its directors have successfully completed a number of mortgage schemes (see below) where investors have had returned their capital and the nominated interest rate as disclosed in the applicable offer document. Brief details of some of these offers include:
|Property type||Investment type||End Sale price||Investor return||Loan/value ratio|
|Residential units||1st mortgage||$10,800,000||10% pa||66%|
|Civils on land project||1st mortgage||$2,500,000||9.5% pa||40%|
|Commercial complex||1st mortgage||$4,080,000||10% pa||70%|
|Residential units||2nd mortgage||$16,900,000||20% pa||85%|
|Mixed use comm./res.||2nd mortgage||$7,600,000||20% pa||80%|
|Commercial offices||2nd mortgage||$23,300,000||14% pa||85%|
|73 residential units and commercial suites at Thornleigh NSW||
|A rural residential estate comprising 22 individual allotments situated at Oakey Qld.||
|10 townhouses at Norman Gardens, Rockhampton Qld||
Guardian Securities does not give personal product advice. The content on this website provides only general financial product advice.
Past performance is not a reliable indicator of future performance.