SLM has an active practice originating high quality investment opportunities across a range of asset classes for our network of family office, high net-worth and self-directed investors.
In recent times, our practice has been particularly active in the private real estate credit space, sourcing select opportunities which provide compelling risk-adjusted returns (attractive interest rates, moderate LVRs, relatively short durations and quality assets and sponsors).
Recent examples include:
- First mortgage facility secured against a family home (in good condition) located in a prime pocket of South Yarra, VIC
- LVR of 60%, with the valuation supported by a recent on-market sale campaign via which the Borrower purchased the property
- Interest rate of 10.0% pa (paid monthly) over a 12 month term (minimum interest period of 6 months)
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Borrower had substantial net property assets (modestly geared) and provided personal guarantees
___ - First mortgage multi-tranche construction facility secured against a high quality boutique apartment development located on the doorstep of Berwick Village, VIC
- SLM investors participated in the later tranches, with construction already more than 50% progressed and ahead of schedule and budget
- 50% of apartments pre-sold (with gross sale proceeds equating to more than 80% of the facility limit)
- Interest rate of 10.0% pa (paid monthly) over a 14 month term
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Borrower had a track record of developing similar projects in the area, and had substantial net property assets (modestly geared), with corporate and personal guarantees provided
___ - First mortgage land facility secured against a well-located development site in Caboolture, QLD
- At the time of advancing the facility the property was the subject of a draft contract of sale with a reputable counterparty
- LVR of 60% based on an independent valuation (and contracted sale price)
- Interest rate of 10.0% pa (paid monthly) over a 12 month term (minimum interest period of 6 months)
- Borrower was a unit trust controlled by an ASX-listed investment company with in excess of $200 million in net assets (modestly geared), with a corporate guarantee provided by them
How we can help:
SLM Corporate Executives co-invest in these opportunities.
Should you be interested in joining our investor distribution list, and receiving information on future opportunities, please don’t hesitate to contact us.
Barry Lewin on 0419 302 493 / [email protected] or Eugene Tong on 0421 066 840 / [email protected]
