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Sydney Development Fund

The Sydney Development Fund has been created by and is managed by SHSL to provide our investors with access to a higher level of returns.

It offers returns from 8% per annum, from a high yielding mortgage loan, either chosen by us or you can choose your own.

The Fund invests in loans secured by first mortgages, which may be for construction or development, with a focus on Queensland and New South Wales.

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How the fund works

The Sydney Development Fund has been specifically created to provide investors with the opportunity to invest in a high yielding mortgage loan identified by us. You have the choice of selecting which mortgage loan is suitable for you, or alternatively you can leave the selection to us.

The Fund currently has mortgage investment loans paying distributions from 8% per annum and investors receive distributions once their funds have been allocated to a mortgage loan.

The investments of one or more investors are combined into a specific first mortgage and, unlike a pooled fund, investors are then provided with details of the specific investment through supplementary disclosure.

The minimum investment in the Fund is $5,000.

Investors can select their own specific investment opportunity or can appoint us to select the investment opportunity on their behalf, in which case a 14 day “cooling off” period applies.

There are no entry fees and investors can withdraw their funds once the specific loan in which they have invested is repaid. If part repayments of the loan are made during the term of the loan, this money will be available to investors in that loan.

The withdrawal price of units is calculated as the net asset value of the loan divided by the number of units on issue in the loan.

Distributions to investors are dependent on the terms and conditions of the loan but are normally made monthly and are paid directly to investors’ nominated accounts.

How to invest

To invest you must read the Product Disclosure Statement (PDS),fill out the application form and send it to us with your cheque attached. To obtain a copy of our PDS click here or contact us via the ‘Contact Us’ page. Investors wanting to invest additional funds can download an application form here.

Investors will also need to complete and submit the additional information form found below, which applies to their situation.

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Continuous Disclosure

Forms

If you wish to invest you will need to download a copy of the PDS, which you can do here. Or request one to be sent to you on the ‘Contact Us’ page. If you are already an investor and wish to change your details or invest more funds you can do so by downloading the appropriate form.

Change of Details

Investors would be required to download and complete a Change of Details form and forward it to our office.

Withdrawal form

Additional Funds

(Investors should read the PDS prior to completing this form)

Investors can add to their investment at any time by downloading and completing the Application Form and forwarding it, with their funds, SHSL.

When completing an application form you will also need to download and submit the ‘Additional Information Form’ (below) which is applicable to your situation.

Additional information forms

For Trust and Partnerships

For Companies

For Individuals

FAQ’s

Below is a list of answers to our most frequently asked questions. If you have more questions, please don’t hesitate to contact us with your inquiry. We’re happy to assist you in any way we can.

Simply complete one of the Application Forms which are included in our Product Disclosure Statement (PDS) and send it to us with your cheque attached. Alternatively, a direct deposit can be made by arrangement with us. To obtain a copy of our PDS you can either contact us via the ‘Contact Us’ page, or you can download the PDS on The Investment Fund page.

The minimum initial investment is $5,000. You can increase your investment at any time, by a minimum of $5,000.

You do not pay any entry fees or exit fees.

Your investment in the Sydney Development Fund is for the term of the loan and you may only withdraw once the loan is repaid.

On receipt of your money, we will enter your relevant details in our investors register. Your money is then placed in an interest bearing deposit account until you are invested in a mortgage investment.

Investors are issued with a supplementary Product Disclosure Statement which provides you with details of the loan, the borrower and the expected term of the loan. You are entitled to withdraw from the Sydney Development Fund when the loan has been repaid by the borrower.

We adopt a highly disciplined investment process which is managed by a team with more than 45 years experience.

All loans are secured by a first mortgage over freehold or Crown leasehold land. Because we hold the position of first mortgagee, the debt owed to the Sydney Development Fund will have priority over all other debts which may be owed by the borrower on the property (with the exception of statutory charges such as rates, GST and land tax, and in the case of a unit, body corporate levies).

The Fund primarily invests in a portfolio of loans secured by registered first mortgages.

Subject to availability and the terms of the particular mortgage investment, the Sydney Fund will make distributions monthly, which are paid directly to investors’ nominated accounts.

Unless a substitute investor can be found once your funds have been allocated to a mortgage loan then it is not possible to withdraw until the mortgage has been repaid. However, where your monies have not been allocated to a mortgage investment you may withdraw all or part of your monies provided that each withdrawal request is $500 or more.

Complaints Handling & Dispute Resolution

Complaints can be made:
  • By telephone to the Complaints Hotline on 1800 644 805;
  • To the Dispute Resolution Officer – Gina Sly;
  • To individual staff members (with whom the complainant has had dealings);
  • To the company generally.
Complaints can be made in the following forms:
Resolution process:

Where a complaint is received, SHSL must within 24 hours send written notification of the complaint. The Complaints Contact person will then proceed to investigate the complaint, and a determination will be notified in writing within 30 business days. Should the complaint remain unresolved at this point, it will be referred to Senior Management for consideration.

SHSL is also a member of the Australian Financial Complaints Authority (AFCA), to which members can refer unresolved complaints:

Australian Financial Complaints Authority

GPO Box 3, Melbourne VIC 3001
Telephone: 1800 931 678
Internet: www.afca.org.au
Email: info@afca.org.au

The Waratah Select Mortgage Fund ARSN 089 601 052 is managed by Shakespeare Haney Securities Ltd ACN 087 435 783, ASFL No 226348.

*Distribution rates effective from 15/12/22. They are net of fees and charges and are based on current market performance. The rates are variable, may change over the term of the investment and are not a forecast. Past performance is not an indication of future performance.

Regulatory note: an investment with the Waratah Select Mortgage Fund is not a bank deposit and carries the risk of investors not getting all or part of their investment back. Terms and conditions apply. This information is general advice and not personal and a person should consider the Waratah Select Mortgage Fund ARSN 089 601 052 Product Disclosure Statement before making any investment decisions.