• 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