Ivory Investment Trust

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eastwood

 

This information has been prepared for Sophisticated (Wholesale) investors only as identified in subsections 708 of the Corporations Act.

 

Overview

The offer provides investors with the opportunity to participate as a secured financier to a quality development project in one of Sydney's most desired northern beaches of Mona Vale. Ideally located with the beach, local cafés and shopping village just a short stroll away and bus services available along Pittwater Rd at the end of the street. Additionally Brookvale Warringah Mall is 13kms away with convenience shopping nearby.

 

Ivory Luxury Apartments Exterior

 

Objective & Strategy

The objective of the Trust is to invest mezzanine debt and preferred equity as a stapled investment into the Ivory development secured by a 2nd mortgage over the Project. The Project has Senior debt approval and all pre-conditions met, with gross pre-sales to cover both senior, mezzanine debt and preferred equity. A builder has agreed to a fixed price build contract in place with a valuation supporting the Project. The exit will be on completion of the project.

 

Key Information

 

Type Real Estate
Structure Trust
Opened/Closed-End Closed
Fund Vintage 2012
Strategy Development Finance
Property Allocation Residential
Georgaphic Focus Sydney
Target IRR (Gross) 34.9%+
Target Leverage N/A
Status Closed
Life Span 18 Months
Total Investment $3,500,000
Total Value $34,300,000
Gross IRR TBA
Investment Multiple TBA

 

Ivory Luxury Apartments Interior

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