a) See H1 presentation page 5. The fact that the NTA has been...

a) See H1 presentation page 5. The fact that the NTA has been maintained at $1.60 & they have paid out consistent distributions since inception supports this,
b) See above comment for a).
No interest or repayment arears per monthly update.
c) The average loan term is 0.85 years (H1) so revaluing a property isn't really relevant. Monthly updates states that 75% of properties were revalued in last 12 months
d) Average is 66%, varies with loan type (page 6 H1 presentation).
3 out of 38 loans are Mezzanine ( 2nd mortgages), the rest are 1st.
Read the H1 FY24 presentation & last monthly update, I think it answers all your questions.

The biggest point about QRI is that they are short term loans at variable rates currently all funded via equity. As such together with a high degree of experience in the debt markets means QRI is very adaptable to market conditions, relatively low risk & it's returns are highly correlated to interest rates.

However capital & interest repayments are at a potential risk should a loan default, as such I personally would not be overweight with regard to investment allocation.

Company factsheet

KEY RISKS
•The loss of loan principal if a borrower can’t repay the loan, and the security property value declines and is insufficient to meet the full loan repayment.
•The loss of loan income if the cash flow from the property or other borrower sources is insufficient to pay the loan interest and fees due to the lender.
•These risks can be managed through prudent loan-tovalue ratio levels, a strong focus on senior debt, robust covenants, geographic diversification, sector diversification, short loan tenor and a solid asset management model.