Pyrmont Bridge Road
Pyrmont Bridge Road Mortgage Fund is a single asset, unlisted mortgage fund. The fund invests in a second mortgage over the property at 55 Pyrmont Bridge Road, Pyrmont NSW, which has been a flagship asset of BlackWall’s portfolio for almost ten years and the home to WOTSO Pyrmont.
6% p.a. return to investors
Quarterly distributions
$68 million capital protection buffer
5 year investment term
Choosing The Right Path
We provide investors quarterly cash distributions, adopting a defensive strategy by investing in a second mortgage over a high-quality, capital stable and income producing asset.
Fund Purpose
The Fund is a single asset, closed-end, unlisted mortgage scheme. The Fund receives income from the funds lent to the Property Owner
6% p.a.
(net of fees)
Nil
(net of fees)
$1,000
(net of fees)
5 years
(commencing 1 July 2022)
Fund Management Fee of 0.5% p.a. of the gross asset value of the Fund
20,000,000 units @ $1.00 per unit to raise $20 million
$68 million capital protection buffer. The value of the property would need to decline by 45% before Fund capital is impacted.
The Fund is not liquid and Investors have no right to withdraw their investment during the term of the Fund (5 years).
Paid Quarterly
Now open for investment
Risks
All investments are subject to risk, which means the value of your investment may rise or fall. Before making an investment decision, it is important to understand the risks that can affect the value of your investment.
Key risks of the Fund include, but are not limited to:
Priority
Unit holders’ interests rank behind the First Mortgagee which means that the First Mortgagee will be paid before the Fund if the Property is sold.
Credit Risk
The risk that the Property may decline in price or fail to pay interest or principle when due because the borrower experiences financial strain.
Diversification
The Fund is a single-asset fund meaning investors have absolute exposure to the returns generated by the Property.
Liquidity Risk
Investors have no right to withdraw during the term of the Fund (5 years).
