The October distribution was delivered from a portfolio of 47 loans to 34 separate borrowers, across 9 discrete geographic regions.
The maximum individual loan and individual borrower concentration was 9.0%. The diversity metrics are important insofar as returns from a highly diversified portfolio are naturally ‘higher quality’ than those from a concentrated portfolio. Maintaining and seeking to improve these metrics remains a key month-to-month focus for the Manager.
The fund’s investments continue to be strongly weighted toward land, land sub-division and completed property loans (77%). Industrial and commercial built form loans represent 9% whilst ~15% is invested in two residential townhouse developments in inner-city Adelaide and Brisbane.
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