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Diversified exposure to a portfolio of first mortgage loans over Australian property
Target yield of 7.0% to 8.5% pa (net of fees)
Open-ended fund term
Unit Issue Price
Distribution Yield Target
The Fund aims to provide wholesale investors with a diversified exposure to a portfolio of loans secured by registered first mortgage loans over Australian property. The Fund targets lower risk, secured loans capable of delivering moderate cash yields.
The Fund currently consists of loans selected by Moelis Australia’s experienced real estate credit team using strict investment and risk criteria;
Diversified portfolio; Fund is designed to provide exposure to a mix of residential and commercial property in metro and key regional locations. No single loan or counterparty is more than 25% of the portfolio.
Duration of loan; Loans are intended for a maximum period of 12 months and assessed to ensure clear exits at the end of the loan term.
Credit position; Properties have a target loan-to-value ratio of between 50% – 60%, with a maximum of 65%
Senior secured status; All loans are secured by a registered first mortgage over Australian property.
Structure: Australian wholesale unit trust
Target distribution yield: 7.0% to 8.5% p.a.net of fees
Unit issue price: $1.00 per unit
Fund term: Open-ended
Redemption notice date: Quarterly
Redemption date: As soon as practical; generally subject to loan maturities and within 12-months of the Redemption notice date
Eligibility: Wholesale investors only
*Subject to market conditions.
Dates are indicative only and may change at discretion of the Trustee, Moelis Australia Asset Management Ltd.
Moelis Australia Asset Management Ltd [ACN 142 008 535] [AFSL 427515] is the trustee of the Moelis Australia Secured Loan Series (referred to as “Fund”). Information contained herein is for information purposes only and does not constitute an offer to the public. Investors should refer to the Fund’s Information Memorandum and consider seeking professional financial and taxation advice before deciding whether to invest or continue to hold their investment in the Fund. Neither Moelis Australia Asset Management Ltd nor any of its related parties guarantees any performance or the return of capital invested. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested. Opinions contained herein may be subject to change without notice and do not constitute investment advice or recommendation.
The offer to acquire interests in the Fund is contained in the Information Memorandum dated June 2018 and is only open to institutional, sophisticated and wholesale investors as defined in section 761G of the Corporations Act 2001 (Cth).