18
Arkus PDS
Loan (Mortgage Investment)
Current Fund Loan Amount
Loan to Value Ratio (LVR)
Percentage Complete (by value)
Loan to Cost
Ratio (LCR)
A.C.N. 652 969 563 Pty Ltd
$50,000
79.97% 80.74% 79.39% 80.43% 15.24% 73.24%
Neal & Elliot Pty Ltd
$200,000 $150,000 $30,000 $38,500 $33,750 $11,500 $513,750
BSRP 4 Pty Ltd
Kai Cotton Tree Pty Ltd
19.30%
Full Clock Albany Creek Pty Ltd
22.07% 71.92% 13.48% 81.13%
Karote Pty Ltd ATF Chippers Trust
Jadecorp Developments No. 4 Pty Ltd*
N/A
N/A
Total
and GPS expects to receive such interest shortly after the end of the Distribution Period, GPS may make a Distribution to Investors from its cash holdings. In the event the interest payment is not subsequently received, such a Distribution may be characterised as a capital Distribution and reduce the value of Units. The payment can be either reinvested into the Fund or be made by direct deposit into each Investor’s nominated account. If no Distribution payment instruction has been received, the Distribution will be reinvested automatically as additional Units in the Fund. Each Investor’s Distribution entitlement (if any) will be declared monthly, in accordance with
The indicative Distribution rate is an estimate
Borrowers less the management fees payable to GPS. The indicative Distribution rate is not a guaranteed return to Investors and the actual Distribution received by Investors for a Distribution Period will depend on the amount of distributable income received by the Fund for that Distribution Period. GPS may change the indicative rate for the month at any time (for example, due to unexpected market conditions) and will communicate the revised indicative rate via letter. If interest payments are not made by Borrowers Distribution rate payable to Investors as it will reduce the income available for Distribution. If income available for Distribution (representing interest payable by Borrowers less GPS’s management fees) exceeds the prevailing indicative Distribution rate, any excess may be distributed to Investors. Key factors that may impact the achievement of the indicative Distribution rate are summarised below.
the Constitution, based on: • the number of Units held;
• the interest payments made by Borrowers; • the period for which they were held; and • the amount of the Fund distributable income for that Distribution Period. Although the Fund may indicate an expected Distribution return or amount, the Distribution rate may vary from period to period depending on the performance of the Fund and the Borrowers meeting their obligations under their loans. GPS will communicate the past Distribution monthly Investment Statement. The indicative Distribution rate will be communicated via letter. GPS calculates the indicative rate of return by careful analysis of the Fund’s anticipated investment income and by considering the interest rate applied to Borrowers and the mix of loans in the Fund.
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