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Pallas Funding Trust
FM Pre-Development Loan, Mascot NSW
Remaining:
$4,660,000
Investor Return
6.25% p.a.
LVR
58.7% LVR of the ‘As is’ Market Value of $23m (ex GST)
Maturity
December 2022
Total Loan Facility
$13,500,000
Remaining Balance
$4,660,000
Interest Payments
Monthly
FM Pre-Development Loan, Richmond VIC
Remaining:
$6,940,000
Investor Return
6.5% p.a.
LVR
65% LVR of the ‘As is’ Market Value of $23m (ex GST)
Maturity
January 2023
Total Loan Facility
$14,950,000
Remaining Balance
$6,940,000
Interest Payments
Monthly
FM Pre-Development Loan, Double Bay NSW
Remaining:
$435,000
Investor Return
6.5%
LVR
65%
Maturity
April 2023
Total Loan Facility
$29,250,000
Remaining Balance
$435,000
Interest Payments
Monthly
FM Pre-Development Loan, Woollahra NSW
Remaining:
$4,200,000
Investor Return
6.5% p.a.
LVR
65% LVR of the ‘As is’ Market Value of $10m (ex GST)
Maturity
May 2023
Total Loan Facility
$6,500,000
Remaining Balance
$4,200,000
Interest Payments
Monthly
FM Construction Loan, South Melbourne VIC
Remaining:
$3,700,000
Investor Return
7.25% p.a.
LVR
65% LVR on an 'As if complete’ Gross Realisable Value of $26m (ex GST)
Maturity
June 2023
Total Loan Facility
$16,900,000
Remaining Balance
$3,700,000
Interest Payments
Quarterly
FM Construction Loan, Cremorne VIC
Remaining:
$13,100,000
Investor Return
7.25% p.a.
LVR
65% LVR on an 'As if complete’ Gross Realisable Value of $121.7m (ex GST)
Maturity
December 2023
Total Loan Facility
$79,105,000
Remaining Balance
$13,100,000
Interest Payments
Quarterly
FM Construction Loan, Rose Bay NSW
Remaining:
$3,300,000
Investor Return
7.5% p.a.
LVR
70% 65% LVR of the ‘As if complete’ Market Value of $30m (ex GST)
Maturity
March 2023
Total Loan Facility
$20,796,000
Remaining Balance
$3,300,000
Interest Payments
Quarterly
Diversified Funds
Discretionary pooled funds that invest on behalf of our investors into qualifying First and / or Second Mortgage Loans.
Pallas Short Term Fund - 6.0% p.a.
Open-ended
6 Month Redemption
Product Type
Diversified First Mortgage fund
Fund Type
Open-ended
Issue Size
Up to $150 million
Redemption Notice Period
6 months
Investor Return
6.0% p.a., paid monthly
Maximum LVR
65% against any one First Mortgage loan
Pallas Warehouse Trust No.3 - 7.0% 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
7.0% p.a., 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.
PFT Feeder Fund – 7.49% p.a.
Open-ended
Variable Return
Product Type
Diversified Warehouse Facility
Fund Type
Open-ended
Issue Size
Up to $150 million
Redemption Notice Period
18 months
Investor Return
6.5% +1 month BBSW (mid), paid monthly
Maximum LVR
62.7% maximum look-through LVR exposure
Pallas FM Trust - 7.5% 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
7.5% p.a. payable quarterly in arrears from (and including) the Issue Date until (but excluding) the Maturity Date
Yield to Maturity
Currently 7.5% 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 High Yield Fund No.2 - 11.0% p.a.
Fixed Term
Fixed Return
Product Type
Diversified First and Second Mortgage fund
Issue Size
Up to $100 million
Maturity Date
31 March 2023
Investor Return
11.0% p.a., paid monthly
Maximum LVR
75% against any one loan
Get in touch to learn more about Pallas Capital, or to discuss investment and funding opportunities that align with your requirements.
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