Investment Summary

Name of Scheme Platinum First Mortgage Income Fund (ARSN 163 188 565)
Manager and Responsible Entity Platinum Mortgage Securities (Vic) LimitedACN 158 339 372
AFS License Number 432787
Investment Objective To lend funds to and invest in most types of real estate and property developments within Australia in accordance with established lending criteria outlined in the Manager’s Lending Manual.The Manager seeks to generate a return to investors from the interest charged to borrowers under a mortgage Investment.
Type of Investment Contributory Mortgages
Investment Term Ranging from 6 months to 5 years
Rate of Return Mortgages ranging from 8% p.a.
Minimum Investment The minimum investment is $5,000 and thereafter in multiples of $1,000.Platinum reserves the right to accept Applications of less than $5,000 at its discretion.
Responsible Entity and Management Fees There are no entry, exit or management fees payable by the Investor to the Manager for direct mortgage investments into the Scheme.The Manager will receive interest income and fees from the Borrower as described in the PDS.The Borrower, and not the Investor, is responsible for all costs and fees associated with the establishment of a mortgage loan.
Loan to Value Ratio (LVR): 1st Mortgage – up to 67% ”as if complete” valuation for construction and development loans1st Mortgages – up to 70% “as is” market value for all other types of loans
Risks There are risks associated with investing in a mortgage investment.See the risk section of the PDS for risks generally associated with mortgage schemes.The key risks are:

  1. Default risk – default by a borrower under a mortgage investment may result in loss of an investor’s capital;
  2. Construction funding risk – mortgage investments to fund construction projects carry additional risks, including:
  3. construction will cost more or take longer than expected; and
  4. sales will be at prices lower than expected or take longer than expected;
  5. Valuation risk – if valuations of the security property on which the Manager relies overstate the market value of the security property, there is a risk that investors will lose capital if there is a default and the security property is sold.

Disclaimer: Platinum Mortgage Securities (Vic) Limited ACN 158 339 372 & AFS Licence No 432787 is the issuer and manager of the Platinum First Mortgage Income Fund. It is important for you to read the Product Disclosure Statement for the Fund before you make an investment decision. The rates of return from the Fund are not guaranteed and are determined by future revenue of the Fund and may achieve lower than expected returns. Investors risk losing some or all of their principal investment. The investment is not a bank deposit. Withdrawal rights are subject to liquidity and may be delayed. Past performance is no guide to future performance. These rates represent the average rates payable on our fund and may not be indicative of the returns on the investment selections of individual investors.