Mortgage Funds

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.

How to Invest in a Guardian Mortgage

Read in full the PDS for the Master Mortgage Fund No. 6 & the SPDS for the loan in which you wish to invest, then:

  • Complete, sign and detach the Application Form at the back of the PDS for the Master Mortgage Fund No. 6; and
  • Complete and sign the Consent to Invest Application Form for the relevant loan, then
  • Send both forms and the cheque for your investment to:
    Guardian Securities
    P O Box 170
    ROBINA DC QLD 4226; or
    Contact us on Toll Free on 1800 601 177 if you wish to discuss this offer

Open Offers

First Mortgage Offers Description
Nil open at present All loans fully subscribed

 

Our track record

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%

Examples of the types of Mortgages are:

Mortgage Description
73 residential units and commercial suites at Thornleigh NSW
  • A Term Loan of $4,259,000 plus interest.
  • First ranking registered mortgage over the development site and first ranking General Security Agreement over the assets including plans, consents, sales contracts and all council approvals.
  • Guarantee and indemnity from the Developer.
  • Investor interest 10% p.a. paid monthly in arrears.
A rural residential estate comprising 22 individual allotments situated at Oakey Qld.
  • A Term Loan of $1,500,000 plus interest.
  • First registered mortgage over 22 individual allotments and first ranking fixed and floating charge over the assets and undertakings of the Borrower.
  • Guarantee and indemnity from the Borrower.
  • Investor interest 10% p.a. paid monthly in arrears.
10 townhouses at Norman Gardens, Rockhampton Qld
  • A Term Loan $1,150,000 plus interest.
  • First registered mortgage over the subject property and first ranking fixed and floating charge over the assets and undertakings of the Borrower.
  • Guarantee and indemnity from the Guarantor.

 

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.

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