Vado Private provided funding for the construction of two duplexes in Yowie Bay, NSW. The Certificate of Occupancy was approved in June 2024. Our team worked through a dispute between the building parties during this investment to deliver a strong return for investors. The loan was in default for a period of 8 months.

This loan delivered an IRR of 20.91% p.a. to investors, which represented a 16.65% p.a. margin the weighted average RBA Cash Rate (of 4.26% p.a.) over the same period. The Money Multiple was 1.35x.

Key Deal Highlights:

• Facility Limit: $2,043,000

• Facility Type: Progressively Drawn First Mortgage

• Repayments: Capitalised for the loan term

• Loan Term: 12 months, extended for 8 months during the dispute

• LVR: 55.00% of the ‘as-if complete’ value of the property

For Assistance

Vado Private specialise in providing competitive private credit solutions in a fast and timely manner. We have funded north of $500 million in loans across 230+ transactions helping brokers and their clients bring their real estate projects to life.

If you would like Vado to review an opportunity for you, please send us your finance requirements: