About Series 1
Wholesale Clients as defined under s761G of the Corporations Act.
To provide Investors an opportunity to invest in a specifically curated selection of current Zagga-facilitated, first-mortgage secured loans which have been provided to credit-worthy Borrowers specifically for construction projects. The Underlying Loans that form the portfolio in Series 1 must meet all of the following requirements:
• construction works being greater than 70% complete against total costs of the development, certified by an independent, external Quantity Surveyor
• Practical Completion dates, as provided by external Quantity Surveyors, are forecasted to be within four months.
$250,000 per Investor entity, subject to the discretion of the Investment Manager to accept lesser amounts.
Minimum Term is six months from the Commencement Date, with an estimated term of 12 months for full repayment of principal.
New loans to ZILT will not be made by the Trustee in relation to Series 1 after the Minimum Term, after which Investor principal will be repaid wholly or partly on a pro-rata basis as Underlying Loans are repaid. Should the Investment Term exceed 12 months, any remaining capital will earn the Premium Return until the full principal is repaid.
The Trust's Investment Objective is to achieve a Target Return of the RBA's Official Cash Rate plus a margin of 5.65% to 7.15% p.a. (net of fees and expenses).
Note: returns are subject to NRWT where applicable
The commencement date will be the earlier of:
• the fifth business day from the date of a formal notice issued by the Trustee calling for funds from Investors; and
• 12 September 2023.
• Interest is accrued daily and paid monthly in arrear
• Distributions will occur within five Business Days of each month
• Distributions will be paid to the nominated bank account of an Investor
• Investors may not elect to reinvest their distributions
1. The Trustee may alter the minimum subscription amounts specified at any time without prior notice to Investors.