Income producing, diversified portfolio of Bridge Loans backed by U.S. Real Estate
INVESTMENT STRATEGY
• Multi-Lender: loans managed by well-established, highly experienced U.S. Private Lenders (SEC-registered RIAs)
• Middle-market real estate (loan sizes $10-$200M)
• Major metropolitan areas of the United States
• Mainly residential for rental (Multifamily & Senior Living) and sale (Condominiums)
• Mainly floating rate (spread over SOFR)
• Uncorrelated and low volatility
• Noteholders’ investments are fully invested on day one (no capital calls).
• Target net returns: SOFR +6% to 8%(*)
• Trade via Euroclear/Clearstream
• Quarterly distributions of Cash Net Income
• NAV published monthly on Bloomberg, SIX Financial, Vienna Stock Exchange
• Principal repayments begin in December 2026
• Minimum investment:
• US$125,000 (Institutional Note)
• US$10,000 (Investor Note)
• ISIN Institutional Note: XS2705065006
• ISIN Investor Note: XS2705065261
(*) Target Net Returns for the Institutional Note
LOANS PORTFOLIO UPDATE: 30 April 2024
April 2024 net return for investors¹:
Institutional Note: +1.17%
Investor Note: +1.13%
Loan-to-Value (LTV) WAVG: 63%
Total Loan Porsitions: 37
Remaining term WAVG²: 12 months
Property Type:
Multifamily: 48%
Healthcare: 52%
Position in Capital Stack:
Senior Levered: 100%
Regions:
Northeast: 15%
South: 38%
West: 22%
Midwest: 25%
Please refer to the Notes factsheet for important disclosures and further details.
(1) Net of all fees, expenses and U.S. taxes (if applicable). (2) Excluding extensions.