News Formal

ARA-backed Minterest sells out first real estate investment product in 11 minutes

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

ARA-backed Minterest sells out first realestate investment product in 11 minutes

The short-term, fixed-income product, released on Friday at 5.55pm, is backed by the secured mezzanine debt financing of a A$440 million , 64-level high-rise residential development project in Melbourne's central business district, which offered a gross return of 6 per cent per annum for a minimum tenor of three months.

Minterest, which holds licences to provide both corporate and personal loans, connects corporate borrowers with retail investors. ARA said the"strong take-up" of the product"demonstrated pent-up demand by investors for an attractive, risk-adjusted return in a quality institutional-grade real estate investment in a low interest rate environment".

Minterest chief executive Charis Liau said ARA's stake helped the platform develop more products in the real estate space as alternative investment options.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

China property investment rebounds in April as economy reopensREAL-ESTATE investment in China quickened in April while property sales fell at a much slower pace, Reuters calculations based on official data showed on Friday, providing some relief as Beijing looks to restart the economy from coronavirus-related shutdowns. Read more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »