The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more. If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
728 Victoria provides wholesale investors the chance to participate in a private credit offering managed by longstanding provider Alpha First Securities Ltd.
Highlights:
• 8.00%p.a. return paid monthly (less RWT)
• $4,415,184 loan secured by 1st mortgage security
• Hamilton city centre location
• Loan to value 61%
• Term of 12 months
Offer:
728 Victoria will fund the purchase of 728-750 Victoria Street, Hamilton. This site represents 5,183sqm with a collection of existing buildings in situ and fronting onto the main thoroughfare in Hamilton’s CBD.
There has been significant development of the CBD including the recent opening of the $90m BNZ Theatre and new 191 bed Pullman Hotel due to open later this year. Forming part of the “golden triangle” with Auckland and Tauranga, Hamilton continues to be New Zealand’s fastest growing city. International flights have returned to the local airport, the Inland Port developed by Tainui Group is now open with significant businesses operating out of this logistics hub and more in the pipeline. Works have also commenced for the new medical school at the University of Waikato.
The subject property is zoned to allow for a mixed used development with Hamilton Council encouraging multi-level residential schemes as part of their overall strategy to have more people living and working in the city centre.
The loan of $4,415,184 will go towards the purchase of the property with the current value confirmed as $7.2m plus GST (if any).
The Borrower is a longstanding property developer with an excellent track record of delivering residential developments in the Hamilton location. This includes high density multi-storey residential projects.
The loan is simply to allow for the property’s acquisition only and during the 12 month loan term the Borrower will work with their experienced local team to finalise their development plans and consents. Any future development would be done on a phased basis and discussions are ongoing, considering both a hotel offering to the street frontage along with blocks of residential units to the rear.
Alpha First:
Alpha First are a private credit platform specialising in property funding. Established in 2016 the Cambridge based business has successfully invested over $750m in the property sector.
They provide wholesale investors access to credit approved, standalone investment opportunities secured by first mortgages. Each loan is individually reviewed and approved by a highly experienced and qualified finance and management team. Detailed Investment Information Packs are provided for every opportunity ensuring clear visibility in borrower details and loan structure.
Alpha First are the appointed agent for each loan and proactively manage all loans through to maturity with regular reporting on key milestones.
Interest is paid to investors monthly (less RWT) providing a consistent income stream.
Minimum investment of $100,000.
Only available to Eligible and Wholesale Investors under the Financial Markets Conduct Act 2013. Alpha First arranges mortgage investments but is not the issuer or a guarantor and does not provide any financial advice whether or not an investment is right for you. Investors should consider obtaining financial advice before investing.
Register your interest for more information and to speak with one of the Alpha First team.
