← Marketplace
Illustrative Demonstration Data Only — Not Live Market Information.
The asset
Carlton Student Accommodation Credit — the underlying real asset securing this offering.
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Slide 1 of 3: The asset. Carlton Student Accommodation Credit — the underlying real asset securing this offering.
OpenStudent housing · Carlton, VIC
Carlton Student Accommodation Credit
Carlton Student Accommodation Credit provides illustrative exposure to student housing through whole-loan mezzanine credit originated by Iron Bark Living Partners in Carlton, VIC. Demonstration data prepared to show how the Democratise marketplace presents student accommodation credit offerings.
CSAC-28ERC-3643 (permissioned)Polygon (permissioned)Student housing exposureAustralian domiciledInvestment-grade profile
Key metrics
- Target raise
- A$36M
- Target yield
- 6.4% p.a.
- Term
- 72 months
- Risk band
- B
- Jurisdiction
- Australia — VIC
- Settlement
- Polygon (permissioned)
Use of proceeds
- Fund student accommodation credit acquisition and development costs
- Establish debt service and liquidity reserves
- Transaction, structuring and compliance costs
Structure
- Sponsor
- Iron Bark Living Partners
- Trustee
- Perpetual Corporate Trust
- Custodian
- BNP Paribas Securities Services
- Instrument
- Whole-loan mezzanine credit
- Ranking
- First ranking senior secured
- LTV
- 71%
- DSCR
- 2.00x
- Maturity
- 2034-06-30
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