New Loan - $40M Industrial Project in Adelaide.

Woodbridge Capital successfully closed a new 1st mortgage loan this week for a $40 million industrial project in the sought-after Port Adelaide industrial precinct.

The loan provides timely funding for the borrower's development that has secured pre-sales and allows the borrower to deliver a completed product quickly into an undersupplied market.

The Industrial sector continues to represent a good investment thesis, practically in sub-markets with tight supply and ongoing high demand, such as Port Adelaide.

This first mortgage investment targets a net 13% IRR for investors and is de-risked with presales support and a healthy contingency.