Senior Trust Capital investors face 16% haircut after loan impairments
Retirement village lender impairs $15.2 million in loans, hitting investor returns.
Retirement village lender Senior Trust Capital has impaired the value of its loan book by 23%, resulting in a 16% haircut for investors. The impairments total $15.2 million and reflect challenges in the retirement village lending sector.
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NZ Herald
Senior Trust Capital investors face 16% haircut after $15.2m in loan impairments
Retirement village lender impairs value of loan book by 23%.