Investment Highlights
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Stable and competitive returns paid monthly. BBSW + 5% (9.06% as at September 2023)
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Target return 8-10% achieved since inception (42 months in a row)
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Strong capital security – 59% Loan to value ratio (LVR) with predominately 1st mortgages (as at August 2023)
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Robust security structure – Registered mortgage over real property, GSA’s over business assets and personal/director guarantees
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Independently reviewed - The underlying assets taken as security by the fund received a high-quality rating by independent firm, Performance Property Advisory, with primarily A grade residential assets held as security
Company Overview
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Private Debt Fund
Focused on providing commercial loans to SME’s secured by real property, business assets and directors/personal guarantees
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Market leading borrower origination
Quality deal flow referred by accountants and experienced commercial finance brokers
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No construction lending
No lending for apartment and large-scale developments
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Commercial loans
Ranging from A$500K to A$5M with terms up to 3 years
What is Capspace?
Capspace is an investment fund growing from one of Australia’s largest independent finance broking businesses with a portfolio of $1B+ in loans under management, awarded numerous accolades, to a successful fund manager.
Disappointed by the banks’ inability to deliver effective outcomes and the shortage of reputable private lenders catering to small and medium-sized enterprises (SMEs). They funded back-to-back transactions from 2018 and later expanded to Capspace, a diversified Managed Investment Scheme in 2020.
Secure Lending to SME Borrowers
Capspace delivers returns to investors by providing loans to high-quality SME borrowers for whom the banks would love to help but can’t. Capspace supports them by offering fair and transparent loan terms which are secured by real property and business assets.
Their ethical and progressive approach is revolutionising the non-bank lending category and has seen the fund experience significant growth since its inception.
Competitive Advantage |
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Highly experienced Directors, Managers and Legal team with experience through different lending cycles |
Quality deal flow originated from long term relationships with accountants and some of the most experienced commercial brokers in the country |
Transparency with independent reviews of underlying assets by Performing Property Advisory |
All loans assessed through Capspaces disciplined review procedures to ensure compliance and performance and have a robust Capspace security structure |
Capspace does not do construction lending for apartment and large scale developments |
Capspace Loan Security Structure
Capspace Target Market
Capspace: $500K – $5M |
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Why SMEs Choose Capspace |
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Speed – Days vs Months |
Service & SME Knowledge – Direct involvement by decision makers with > 100 years of experience combined with strong business acumen |
Outside Bank Strict Lending Criteria – SMEs don’t quite meet the stringent requirements |
Growing Business with a Trade-Up Period – New businesses that need trading records before banks consider |
Asset Rich, Cash Poor – Funding based on agreed asset sales |
Transaction Overview
Terms of offer:
- Option 1: BBSW + 5.00% (currently 9.06% p.a. as of September 2023).
- Option 2: Fixed return of 8.00% p.a.
Distributions: Paid monthly.
Compounding interest available? Yes
Minimum investment time frame: 12 months
Redemptions: 60-day notice. Please refer to IM for terms.
Redemption fee: Applicable for Option 1 only. Any funds withdrawn will be subject to a 1% fee based on the face value of the withdrawal.
Use Of Funds:
100% of any investment into Capspace Private Debt Fund is allocated to units in the Master Trust of the Fund issued at $1.00 per unit. The Trust is the lender and security holder for all SME commercial loans made by the Fund.
Additional Information
- Other Documents
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July 2023
Monthly Report
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June 2023
Monthly Report
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May 2023
Monthly Report
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April 2023
Monthly Report
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March 2023
Monthly Report
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Monthly Report
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December 2022
Monthly Report
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November 2023
Monthly Report
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October 2022
Monthly Report
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September 2022
Monthly Report
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August 2022
Monthly Report
Team
- Management
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Tim Keith
Managing Director, Chair of Credit Committee
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John Encina
Director & Head of Loan Origination, Member of Credit Committee
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Julio Labraga
Director & Head of Property, Member of Credit Committee
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Daniel Dusevic
Director & Head of Investment Origination, Member of Credit Committee
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Sarina Roppolo
General Counsel, Member of Advisory Board
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Phillip Almeida
Property Adviser, Member of Advisory Board
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Lea-Anne Warren
Operations Manager
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Nicholas Martino
Senior Credit Risk Manager
Want to learn more?
Fill in the expression of interest form below
Speak to our investment team today
+61 2 9993 4475