Past Investments

Loan 161

Address of Security Property     Kingston, BRISBANE REGION

Purpose of Loan                        Construction of nine (9) freestanding townhouses

Loan Amount                             $1,960,000

Valuation Amount                      $2,970,000

Valued By                                  CBRE Richard Ellis

Loan to Valuation Ratio             66%

Term of Loan                             18 Months

Date of Loan                              29 November 2008

Date Loan repaid in full              21 December 2009

Interest rate paid to investors   10% (p/a) paid to investors monthly

Security Proposed                      Registered Mortgage First in Priority

Collateral Securities                   Directors Guarantees

Loan 170

Address of Security Property      Boronia Heights, BRISBANE REGION

Purpose of Loan                         Development of eighteen (18) lot community title subdivision  

Loan Amount                              $2,079,000

Valuation Amount                       $3,150,000

Valued By                                   PRP QUEENSLAND PTY LTD

Loan to Valuation Ratio              66%

Term of Loan                              18 Months

Commencement date of loan     27 August 2009

Date Loan repaid in full              29 October 2010

Interest rate paid to investors   10% (p/a) paid to investors monthly

Security Proposed                       Registered Mortgage First in Priority

Collateral Securities                    Directors Guarantees

Loan 134

Address of Security Property      Southport, GOLD COAST REGION

Purpose of Loan                         Purchase of security property

Loan Amount                              $2,200,000

Valuation Amount                       $4,500,000

Valued By                                   Richard McCouaig

Loan to Valuation Ratio             66%

Term of Loan                             12 months

Commencement date of loan    19June 2008

Date Loan repaid in full             22 April 2009

Interest rate paid to investors  10% (p/a) paid to investors monthly

Security Proposed                      Registered Mortgage First in Priority

Collateral Securities                   NA

Loan 154

Address of Security Property      Southport, GOLD COAST REGION

Purpose of Loan                         Development of twenty-six (26), one (1) bedroom strata titles

Loan Amount                              $5,250,000

Valuation Amount                       $7,610,000

Valued By                                   Taylor Byrne Valuers

Loan to Valuation Ration            69%

Term of Loan                              12 Months

Commencement date of loan     3 March 2008

Date Loan repaid in full              23 January 2009

Interest rate paid to investors    9.75% (p/a) paid to investors monthly

Security Proposed                      Registered Mortgage First in Priority

Collateral Securities                   Directors Guarantees