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Open for Investment
10.68% p.a. (incl. BBSW)
FM Pre-Development Loan, Newstead QLD
FM Pre-Development Loan, Newstead QLD
Remaining:
$1,000,000
Current Investor Return
10.68% p.a. (incl. BBSW)
LVR
65% LVR on an 'As is’ Gross Realisable Value (ex GST)
Maturity
November 2024
Total Loan Facility
$5,167,500
Remaining Balance
$1,000,000
Interest Payments
Monthly
12.00% p.a.
SM Investment Loan, South Melbourne, VIC
SM Investment Loan, South Melbourne, VIC
Remaining:
$3,000,000
Current Investor Return
12.00% p.a.
LVR
65% LVR on an 'As If Complete’ Gross Realisable Value (ex GST)
Maturity
June 2024
Total Loan Facilty
$3,760,000
Remaining Balance
$3,000,000
Interest Payments
Monthly
10.68% p.a. (incl. BBSW)
FM Investment Loan, Port Melbourne VIC
FM Investment Loan, Port Melbourne VIC
Remaining:
$5,000,000
Current Investor Return
10.68% p.a. (incl. BBSW)
LVR
65% on an 'As If Complete’ Gross Realisable Value of $83m (ex GST)
Maturity
December 2024
Total Loan Facility
$50,484,200.00
Remaining Balance
$5,000,000
Interest Payments
Quarterly
18% p.a.
Preference Equity, St Kilda VIC
Preference Equity, St Kilda VIC
Remaining:
$8,000,000
Target Investor Return
18% p.a.
Anticipated Redemption
November 2025
Total Issue Size
$10,000,000
Remaining Balance
$8,000,000
Interest Payments
Quarterly
Diversified Funds
Discretionary pooled funds that invest on behalf of our wholesale investors* into qualifying First and / or Second Mortgage Loans.
* The term “Wholesale Investor” is defined in the Corporations Act, the FMCA (NZ) or equivalent legislation in Hong Kong or Singapore
Pallas FM Trust - 7.50% p.a.
Fixed Term
Fixed Rate Bond
Product Type
Fixed rate notes tradeable via Austraclear
Issue Size
Up to $150 million
Maturity Date
December 2024
Coupon
7.50% p.a. payable quarterly in arrears from (and including) the Issue Date until (but excluding) the Maturity Date
Yield to Maturity
Currently 7.50% p.a., paid quarterly
Maximum LVR
65% against any one First Mortgage loan
Pallas Co-Investment
At any given time, an amount in AUD equivalent to 5.0% of face value of issued Bonds (and comprising cash and/or bank guarantee) will be held as an Investment Protection reserve buffer should the Issuer be required to draw upon it in order to meet its financial obligations to note holders
Pallas Short Term Fund - 8.93% p.a.
Open-ended
3 Month Redemption
Product Type
Diversified First Mortgage fund
Fund Type
Open-ended
Issue Size
Up to $150 million
Redemption Notice Period
3 months
Investor Return
4.75% p.a. plus 1 month BBSW (mid), paid monthly
Maximum LVR
65% against any one First Mortgage loan
Platforms
Fund Rating*
PFT Feeder Fund - 10.33% p.a.
Open-ended
12 Month Redemption
Product Type
Diversified Warehouse Facility
Fund Type
Open-ended
Issue Size
Up to $150 million
Redemption Notice Period
12 months
Investor Return
6.15% plus 1 month BBSW (mid), paid monthly
Maximum Portfolio LVR
66% against any one First Mortgage loan
Fund Rating
Pallas Warehouse Trust No.3 - 10.68% p.a.
Open-ended
12 Month Redemption
Product Type
Diversified First Mortgage Fund
Fund Type
Open-ended
Issue Size
Up to $150 million
Redemption Notice Period
12 months
Investor Return
6.5% p.a. plus 1 month BBSW (mid), paid monthly
Maximum LVR
65% against any one First Mortgage loan
Investment Protection
Pallas Warehouse Trust No.3 has an Investment Protection mechanism that holds bank guarantees and/or cash equal to 5.0% of the Issue Size. This assists the Fund in meeting redemption obligations in the unlikely event of an underperforming asset and reduces the overall risk profile to the investor.
Platforms
Fund Rating*
Pallas High Yield Fund No.2 - 13.68% p.a.
Open-ended
12 Month Redemption
Product Type
Diversified First and Second Mortgage fund
Issue Size
Up to $150 million
Redemption Notice Period
12 months
Investor Return
9.5% p.a. plus 1 month BBSW (mid), paid monthly
Maximum LVR
75% against any one loan
*The rating shown on this website is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person.
The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
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