Pallas Capital is pleased to introduce our latest fund, the PFT Feeder Fund a diversified, warehouse loan facility funded to-date by an International Bank, Pallas Group and parties introduced by them. The purpose of the Fund is to provide investors with a vehicle through which to invest into the Pallas Funding Trust No.1 (PFT).
PWT3
To speak to one of our Directors about investment opportunities that align with your portfolio requirements, please provide your contact details below.
6.5%
p.a.
+ 1 month BBSW
+ 1 month BBSW
A Notes will attract interest at a rate of 6.5% per annum plus BBSW.
18
Months
The Fund is an open-ended fund with a minimum Issue Term ending on 1 November 2023.
62.7%
LVR
Maximum look-through Loan to Value Ratio exposure.
Why invest in the PFT Feeder Fund?
Diversification (fund growing at c. $50 million per month to an initial maximum issue size of $588.3 million) – further diversification by location, borrower/sponsor, loan type.
Institutional backing – significant financial participation of one of the world’s largest institutional investors.
Prudent lending criteria – thoroughly vetted with stringent credit criteria imposed by our International Banking partner, including average portfolio LVR < 66% and no Construction loans or Related party loans.
Interest rate is linked to BBSW benchmark, thus providing hedge against rising interest rates.
Supported by $29.5 million first loss equity capital in “S” Notes.
Security
All Loans are secured by registered first mortgages against quality Australian real estate assets, backed by corporate and/or personal guarantees. The fund does not invest in construction loans and requires multiple achievable exit strategies.
First Loss Capital Protection
Pallas Capital has taken up S Notes within PFT, which rank behind the notes subscribed by the Fund. This provides a 5.0% equity buffer and acts as a First Loss Capital Protection mechanism thereby reducing the overall risk profile to the investor in the unlikely event of an underperforming asset.
Qualifying Loans
Each loan taken up by PFT has to pass a
'comprehensive eligibility criteria' and comply with detailed 'portfolio parameters'. Such requirements include location and site amenity, borrower expertise, exit strategies, maximum loan term / LVR and valuation requirements.
To request an IM for the PFT Feeder Fund
or speak directly to one of our advisors to
discuss your portfolio requirements, click
below.
To speak to one of our Directors about investment opportunities that align with your portfolio requirements, please provide your contact details below.
Call +61 2 9000 5215 now to invest in this opportunity. Alternatively, provide your contact details below to receive the IM.