Barclay Capital
Private & Confidential · Wholesale Investors Only

50 Giles Street
Katherine & Muirhead

An assignment of registered second and unregistered third mortgage security over a 62-room Northern Territory motel and a Darwin residence.

Investment Type
Mortgage Assignment
Amount Sought
$768,924
Blended LVR
43.4%
Term
6 months
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01

Executive Summary

Barclay Capital Pty Ltd presents this investment opportunity and highlights the following key elements of the transaction.

Investment Type
Assignment of Loan & SecurityPurchase of an existing second mortgage, with an unregistered third advance
Purpose
Acquire existing 2nd mortgageSpeedy Finance position over the security properties
Total Amount of Assignment
$768,924$418,924 second mortgage · $350,000 third mortgage advance
Security Properties
Two — NT motel & Darwin homeDeemed combined market value of $3,790,000
Interest on Purchased Mortgage
1.99% – 3.98% per monthLower / higher (default) rate on the assigned second mortgage
Total Loan to Value Ratio
43.4%Across the full first / second / third debt stack
Term
6 MonthsInterest charged monthly in advance
Repayment Strategy
Receiver-led saleAppointed receiver sells the existing security properties
02

Investment Overview

Lender
Speedy Finance Pty Ltd · ACN 107 822 766
Borrower
Champion Impex Pty Ltd · ACN 633 675 288
Director(s)
Franklin Jacob & Smitha George
Registered Address
16 Barden Street, Muirhead, NT 0810, Australia
Investment
Assignment of Loan and Security
Purpose
Purchase of an existing second mortgage
Total Amount of Assignment
$768,924
2nd Mortgage Assignment
$418,924
3rd Mortgage Advance
$350,000
Interest — Purchased Mortgage
1.99% p.m. (lower) · 3.98% p.m. (higher / default)
Investor Return
Indicative gross yield ≈ 26% p.a. on the assigned debt (≈ 13.3% over the six-month term). Net investor coupon to be advised. Illustrative
Other Costs
Valuation & legals — at cost
Borrowing Entity
Speedy Finance Pty Ltd
Security
Second mortgage over the existing security properties
Exit Strategy
Appointed receiver sells the existing security properties
Liquidity
Investors cannot withdraw capital during the term. Repayment is solely dependent on realisation of the security or refinance by the borrower.
03

Loan Details

Second Mortgage · Buyout
Existing Lender
Parsons (via Speedy Finance)
Principal Amount
$229,331
Term
12 months
Interest
1.99% – 3.98% per month
Payout (as at 31 Mar)
$346,329
Buyout Costs / Fees
$72,595
Total Buyout Value
$418,924
Third Mortgage · New Advance
Principal Amount
$340,000
Interest Retention
$51,000
Term
6 months
Interest Basis
Monthly in advance
Rate — Initial
30.0% p.a. (2.50% p.m.)
Rate — Extension
37.5% p.a. (3.125% p.m.)
Balance Owing at Term End
$476,961

The third-mortgage balance compounds from the $340,000 advance to $476,961 over the schedule as retained interest accrues — first at the 30.0% p.a. rate, then at the 37.5% p.a. extension rate from month seven. Scrub the schedule in §05 to see the position at any month.

04

Security Properties

Security Property 1 · Primary

50 Giles Street

Katherine, NT 0850 · Residential / Commercial
A 62-room motel set on a 10,458m² block. The principal commercial asset of the security pool and the focus of the realisation strategy.
Deemed Market Value$3,000,000
Security Property 2 · Supporting

16 Barden Street

Muirhead, NT 0810 · Residential
A 4-bed, 3-bath residence built in 2014. Building size of 310m² on a 751m² block. Provides supporting residential security to the pool.
Deemed Market Value$790,000
Capital Structure · Debt Stack vs. $3,790,000 Security
First Mortgage$750,00019.8% LVR
First
+ Second Mortgage$1,168,924 cumulative30.8% LVR
Second
+ Third Mortgage$1,645,885 cumulative43.4% LVR
Third
43.4%
Blended Loan to Value
$2,144,116 of headroom remains beneath the total $3,790,000 security value at the base case. On the motel alone the first mortgage sits at 25.0% LVR.
05

Scenario Analysis

A third axis on the position: blended LVR plotted against the motel value scenario and time across the loan schedule. Drag to orbit the surface; scrub the schedule to advance the time cursor.

Live Position
Surface height & colour show blended LVR. The plane marks the selected month.
Motel value scenarioBase · $3.00M
Schedule monthJan 2025
3rd Mtg Balance$476,961
Total Debt Stack$1,645,885
Security Value$3,790,000
Blended LVR43.4%
<45% 45–65% >65%

Scenario flexes the motel’s $3,000,000 deemed value (the variable commercial asset); the $790,000 residence is held constant. First ($750,000) and second ($418,924) mortgage balances are held flat. The third-mortgage balance follows the actual interest-retention schedule. Illustrative only — not a forecast of returns.

07

Timetable

Stage I
Issue investment overview & receive investor commitments.
Stage II
Deposit funds into the nominated trust account.
Stage III
Execute deed of assignment, loan agreements and guarantees.
Stage IV
Provision of registered mortgage & certificate of title documents.
Stage V
Settlement & finalisation of confirmatory due diligence.
08

Disclosure Information

This Investment Overview may not be reproduced or redistributed, in whole or in part, and its contents may not be disclosed to any person other than your legal, financial or other professional advisors in connection with your potential investment, without the express permission of Barclay Capital Pty Limited.

An investment in the loan is subject to investment risk, including that income will not be earned and capital will be lost. Neither Barclay Capital nor any of its associates, related parties, officers, employees or advisors (collectively the “Barclay Capital Group”) guarantees the performance of this loan or the repayment of capital. The loan is not a liquid investment.

This Investment Overview has been prepared to provide information to prospective wholesale investors. The information is drawn from contracts, reports, discussions and agreements provided by the borrower and third parties and has not been independently verified.

No warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted as to the accuracy of any part of this Investment Overview or any further information supplied.

The recipient should not treat the contents of this document as legal, taxation or investment advice and should consult its own advisers and consider its own investment needs, objectives and financial circumstances.

This document includes certain statements, estimates, forecasts and projections — including the scenario analysis — that reflect assumptions that may or may not prove correct. The scenario surface is illustrative only and should not be taken as an indication of possible future returns.

This Investment Overview is not a prospectus nor a product disclosure statement and has not been lodged with ASIC. Investment is only available to be accepted by “wholesale clients” as defined in section 761G of the Corporations Act.

Investments in the loan are only suitable for experienced investors with awareness of the risks. We cannot eliminate all risks and cannot ensure that the way each risk is managed will always be successful. Applicants should seek professional advice before deciding whether to invest.