360 Capital Group Underwrites AU$13.4 Million Loan

MT Newswires Live

04/01

360 Capital Group (ASX:TGP) has underwritten a AU$13.4 million senior loan in its 360 Capital Private Credit Fund, according to a Tuesday filing with the Australian bourse.

The loan, secured by 11 residential properties, carries a fixed interest rate of 10.8% and a loan-to-value ratio covenant of 70%, the filing said.

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