$50,000, unless otherwise specified in the relevant SIM. All prospective investors are subject to wholesale verification and AML/CTF requirements prior to acceptance.

Lending opportunities are secured by a registered mortgage over real property, a legal charge over the underlying asset rather than a contractual promise. Loan-to-value ratios on completed transactions have been held in the 62 to 68 percent range,* meaning the value of the property would need to decline materially before investor capital is exposed. Security arrangements are reviewed by external specialist mortgage law firms and established before any capital is deployed.

A first mortgage holds the senior registered claim over a property and is repaid ahead of other secured lenders in a recovery scenario. A second mortgage ranks behind the first, and typically targets a higher return to reflect that position. The fund's completed lending transactions have predominantly been second mortgage positions, with documented loan-to-value ratios of 62 to 68 percent.* The specific security ranking for any given opportunity is set out in its Supplementary Information Memorandum before any commitment is made.

Every opportunity passes through three independent layers of review. First, internal analysts and the credit committee assess project financials, developer track record, valuations, and exit strategy, with board approval required before any capital raising begins. Second, internal legal counsel independently reviews the security structure and documentation. Third, external specialist mortgage law firms, entirely independent of the fund, conduct the final review and manage settlement. If those lawyers are not satisfied at any point, the transaction does not proceed.

Wholesale and sophisticated investor classifications are defined under the Corporations Act 2001 (Cth) and generally relate to investment amount, net assets, or income thresholds, typically certified by a qualified accountant. The fund is available only to investors who meet this threshold. Eligibility is confirmed during the introductory process, and certification can be completed before any investment is finalised.

Distribution frequency and structure are set out in the Supplementary Information Memorandum for each opportunity before capital is committed. Most lending opportunities are designed to distribute income to investors during the term,* with completed transactions having paid distributions monthly. Some structures distribute at maturity instead. The payment structure is documented in writing before any capital is deployed.

Yes, and it is encouraged. The fund provides a full Information Memorandum and a Supplementary Information Memorandum for each opportunity, and the investor relations team is available to speak with your accountant or adviser directly. The fund can provide information about its own products only and cannot provide personal financial advice, so independent advice is encouraged before any decision.

These are defined-term investments, with each term clearly stated in the relevant Supplementary Information Memorandum. Investors should allocate only capital they are comfortable committing for the full term. Term lengths are discussed during the introductory consultation to ensure alignment with your liquidity needs, and SMSF trustees are encouraged to confirm alignment with their pension strategy with their accountant beforehand.

You attend a 30 to 45 minute conversation with the investor relations team, after which you receive the Information Memorandum and any current Supplementary Information Memoranda. You review the documentation independently, and with your professional advisers if you choose, and make an informed decision at your own pace. There is no obligation at any stage of the process.