1st Mortgage Opportunities

1st Mortgage Facility
8% p.a. Interest Paid Monthly

Surrounded by Auckland’s most affluent suburbs, Remuera, Parnell, Newmarket, and Mt Eden are all within a 3km radius.

The site is in the ‘Double Grammar’ zone, allowing access to New Zealand’s most sought-after public schools (Auckland Boys Grammar and Epsom Girls Grammar). Directly across the road from Cornwall Park, Auckland’s largest and most beautiful park, set on over 425 acres and one of Auckland’s largest medical centres – Greenlane Hospital.

Key Terms
Over 16,000 Square Metres of Prime Location
BORROWERGleneagle Parkview (NZ) Limited
INVESTMENT LOAN
Bridging Loan
INTEREST8% p.a. payable monthly
LOAN AMOUNT
Up to AUD $8,000,000
LOAN TERM12 Months
MAX LVR50%
INVESTMENT CLOSE
This is strictly first-in, first-served
MINIMUM INVESTMENT
AUD$50,000 (open to sophisticated investors within the meaning of section 708(8) of the Corporations Act only)
EXIT STRATEGYRefinance by senior investment & construction finance
LOAN REPAYMENTSEarly repayment allowed subject to a minimum 6 months interest period
LOAN SECURITY1st Ranking Secured Loan Facility comprising an all asset charge over the Borrower
OVERVIEW
The Investment Opportunity

Opportunity

To debt fund interim construction and development related costs and expenses in connection with the purchase of over 16,000m2 in prestigious Epsom, Auckland. Over the last 12 months, GES and its consultants have worked on the purchase of prime land for the development of residential, commercial and retail buildings.

Progress Since Completion

  • Fully complying subdivision application submitted to subdivide the property into 6 lots
  • Valuation increase of (circa 40%) since completion
  • Planning consultant confirmation that the development fully complies with Council Regulation
  • Resource Consent for Stage 1 completed – on track to be lodged by the end of January 2022
  • Elevations and floor plans completed
  • Gold Status approved – Entitles the project to be fast tracked
  • Completion of Geotechnical Borehole testing – Successful Results and no issues identified
  • Marketing Plans and Interior mood-boards completed
  • Real Estate Agent selected
  • Display Suite will be opening on 21st January
  • Pre-Sales to commence in January 2022
  • Price schedule agreed with agents

Team

  • Combination of local and international experience
  • Proven track record
  • Fixed price construction contracts
Development Staging
Project Update & Loan Facility
GLENEAGLE SECURITIES OVERVIEW
Corporate Overview

Gleneagle is a Private Investment Bank, providing individual investors access to institutional level insights and opportunities.

Founded in Sydney Australia, Gleneagle is an Australian registered financial service provider and a leader in the evolution of financial markets.

With roots in Corporate Advisory, the company has expanded to include institutional dealing, foreign exchange and funds management. This allows Gleneagle to serve the diverse needs of all market participants, including; institutions, registered investment firms and funds, as well as individual investors.

Expression of Interest
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    The information on this website is not intended to be an inducement, offer or solicitation to anyone outside of Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

    Australian Managed Funds is the registered trading name of “Share Prices Funds Management Pty Ltd” ACN: 623 398 890.

    Australian managed Funds is a corporate authorised financial representative of Share Prices Australia Pty Ltd, AFSL licences 287367 and is also a corporate authorised representative of AFSL 226199 (Gleneagle Asset Management Limited) for the purpose of providing financial services relating to Managed Investments and Capital Raising. AFS Representative Number 001263287

    Gleneagle Capital is a trading name of Gleneagle Asset Management Pty Limited, located at Level 27, 25 Bligh Street, Sydney NSW 2000, Australia (ABN 29 103 162 278) is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 226199. Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and we recommend that you seek independent financial advice if necessary. Please read our Financial Services Guide (FSG) and Product Disclosure Statement (PDS) which are important documents and which are available for downloading from this website. Alternatively, please contact us on the details provided on this. Gleneagle Capital is not able to take clients from Burma, Côte d’Ivoire, Democratic People’s Republic of North Korea, the Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Ghana, Iran, Iraq, Lebanon, Liberia, Libya, Japan, New Zealand, United States of America, Somalia, Sudan, Syria, and Zimbabwe. All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance.