From the point of view of current funding options, the sector has seen quite a few new entrants in recent times, some of which struggled out of the gates and lacking in deal flow saw them funding “the best on their desk” and that resulted in some bad loans and a hasty retreat or reduction in appetite for the sector.
From the point of view of current funding options, the sector has seen quite a few new entrants in recent times, some of which struggled out of the gates and lacking in deal flow saw them funding “the best on their desk” and that resulted in some bad loans and a hasty retreat or reduction in appetite for the sector.
Not the year that was hoped for but probably more in keeping with what we had projected, which saw many projects breaking even or delivering significantly reduced profits.
There have been a decent handful of new entrants into the development funding space over the last year since we last evaluated the sector so we thought it worthwhile sharing our views and suggestions on how to navigate choosing a lender.
With many of the headwinds of recent years easing, HC sees 2024 as having the potential for being one of the most opportune for quite some time and a chance to build a solid base for several years to come.
ASIC and Treasury are planning to redefine the criteria for a "wholesale investor" by changing the wealth requirements. This could result in many existing investors being classified as "retail investors" and unable to participate in HCP's offerings. These changes would not only infringe on our investors' rights but also have a major impact on our business and the funds management industry.
Well, that was something of a roller-coaster year! While on balance the end results were a lot better than we probably imagined at the start of the year, it’s fair to say that may vary depending on where you viewed it from.
We are pleased to confirm our latest loan investment opportunity 'Brisbane Metro, QLD’ has been repaid and a net investor IRR of 7.50%pa^ has been achieved.
We are pleased to confirm our latest loan investment opportunity 'Gold Coast, QLD’ has been repaid and a net investor IRR of 40.11%pa^ has been achieved.
