City Pacific First Mortgage Fund
The City Pacific First Mortgage Fund (First Mortgage Fund) is designed to provide investors with regular income from a pool of high yielding loans secured by registered first mortgages over real property and in certain circumstances collateral security.
The loans provided by the First Mortgage Fund are for the purpose of providing funding to a range of commercial borrowers. Small borrowers such as first home purchasers do not generally seek funds through the First Mortgage Fund. Rather, companies and individuals generally borrow from the First Mortgage Fund when finance is required for a short period – normally between 12 to 24 months.
A supplementary PDS has been issued for the First Mortgage Fund to reflect the decision of the responsible entity to defer payment of redemptions and withdraw the current PDS.
Further information is available from the First Mortgage Fund.
