Rosewood Secured Income Fund

Status: Active   Vertical: Asset backed lending

About the deal

  • Income of 6.5% pa paid monthly over 4 year term
  • Equity raised $32.9m
  • Registered first mortgage over A grade existing commercial development in Sydney’s North

Why the deal is attractive

  • Repayments majority covered by long lease to Australian arm of global manufacturing conglomerate, 3M company
  • Attractive return relative to risk, given temporary ownership complexities
  • Significant downside protection with LVR of 48.74%
  • Strong financial default covenants with borrower required to hold minimum cash balance amongst other conditions, with a negative pledge

What it delivers to investors

  • Regular, stable income
  • Upside protection for investors in
    case of early repayment