Briars Funds Management Pty Limited and Briars Private Mortgage Fund raises initial $5m Warehouse Funding tranche to continue its rollout of First & Second Mortgages to Consumers and Businesses

Briars Funds Management Pty Limited announces agreement on $20m Wholesale Funding line, with the initial $5m tranche to be released in August 2020.

This will enable Briars to grow their signature product nationally & help established homeowners release equity in their homes.

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About Briars Private Mortgage Fund

The Briars Private Mortgage Fund was established to provide investors with above average, stable returns by investing in a pool of 1st and 2nd mortgages secured against established metropolitan residential real estate and personal guarantees.

Benefits of the Fund:

  • 8.5% return pa paid monthly net of all fees;
  • An income-focused actively managed Mortgage Fund
  • No construction funding
  • Capital City focus
  • Available to Wholesale Investors

As at the 30th June 2020, the Fund’s weighted average LVR was 73.94%.

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