Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 64 results for "First Mortgage"

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
La Trobe Financial has been fined for misleading investors in its $5 billion fund. The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for false and misleading marketing of the La Trobe Australian Credit Fund ...

Aura hires executive from Challenger

KARREN VERGARA  |  FRIDAY, 22 JAN 2021
... delivered 8.14% p.a. in the last 12 months and 43.57% p.a. since inception. The fund invests in short- to medium-term first mortgage loan investments secured against Australian real property and requires a minimum investment of $500,000. It charges a ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

Adelaide fund manager adds to board

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... investors, via mortgage trusts whose funds are deployed in short-term commercial property loans secured by a registered first mortgage.

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... are being sold as offering investors the ability to earn fixed rates of return in exchange for direct registered first mortgage security over properties Mayfair 101 owns in Mission Beach. Wholesale investors in the scheme were told they would also receive ...

Mayfair 101 pushes on

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... Property Bond claims to offer investors the ability to earn fixed rates of return in exchange for direct registered first mortgage security over properties the group owns in Mission Beach. "We are democratising the financing of this significant project ...

Moelis Australia names co-chiefs, acquires lender

KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
... impaired credit history or self-employment. The loans are between $50,000 and $2 million and MKM requires a registered first mortgage over a residentially zoned house or land. Moelis Australia will acquire a 100% interest in the business by 2025. To ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... Queensland-based mortgage income fund that went belly up in the GFC have finally received an interim distribution. LM First Mortgage Income Fund's unitholders are set to receive an interim distribution of 6.5 cents for each dollar they invested in the ...

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... also offers the Moelis Australia Secured Loan Series, which manages a $180 million of loans secured by registered first mortgage loans over Australian real property. The fund received a 'Recommended Plus' rating from Independent Investment Research (IIR). ...

DomaCom, DFS establish $4.1m sub-fund

HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
... months to build a unique and innovative capability that allows advisers to efficiently incorporate exposures to first mortgage investments within their client portfolios," Romic said. "With increasing market volatility expected within a persistently ...