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15% p.a Coupon Rate
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54 Apartments
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30 Month Investment Term
Overview
STATUS: UNDER CONSTRUCTION
Shoreline Finance raised $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.
- A two stage development of 54 apartments
- Located in visionary Shoreline precinct by DevelopmentWA
- The term of the Loan Notes is 30 months (subject to an extension)
- Coupon rate is 15% per annum (simple interest)
IMPORTANT INFORMATION: The information contained on this page is general information only and does not take into account your individual objectives, financial situation or needs. Investment in the trust will only be available to persons who qualify as wholesale clients under sections 761G and 761GA of the Corporations Act. An investment in the trust will be subject to risks. Actual performance or returns of the trust may differ from those expressed or implied by forward-looking statements contained in this page. Images are provided for illustrative purposes only and are not assets of the proposed trust. To the extent permitted by law, Mainstay Capital and its directors, officers, employees, representatives and advisers are released from any liability in relation to anything contained in, or omitted from, this page.