Southern Cross Partners

Looks like peer to peer real estate mortgages. Basically instead of a bank (unlike when LC get security over a property when it could be a 2nd ranked mortgage, caveat?) so should provide pretty good security.

http://www.southerncrosspartners.co.nz/
http://www.southerncrosspartners.co....e-Dec-2016.pdf

Anyone involved?

How do the mortgage interest rates compare to the banks' rates? Or is it borrowers who have been turned down by the banks?