Opportunity
Summary
Business Highlights
Pallas Capital is ideally positioned to help investors access the sustained strength of Australia’s key property markets.
Pallas Capital investors include high net worth individuals, financial advisors, family offices and institutional investors. They choose us for the opportunity to invest beyond traditional asset classes and unlock differentiated opportunities through Australian Commercial Real Estate (CRE).
Pallas Capital allows you to leverage a deep reservoir of financial and property expertise.
Pallas Capital employs 23 dedicated real estate professional staff across its Sydney and Melbourne offices.
Pallas has an impeccable track record providing in excess of A$748M total investments since inception across 109 debt and equity transactions (79 debt) and a range of real estate sectors, currently totalling in excess of A$458M in single asset and diversified trusts Funds Under Management (FUM) as at 31 Mar 2021.
Investment Thesis
Real estate debt market dislocation continues to provide a significant non-bank lending & mis-pricing opportunity – owing to the structural dislocation in global credit markets, and continued government regulatory pressure (Basel III & IV) to reduce bank property exposures, the increasing funding gap for Real Estate Credit available for private capital participation continues to validate itself as a sensible and defensive High Yield Fixed Income Investment profile.
Sound Property Returns
Extensive Experience
Sustainable Returns
Significant Opportunities
Key Information
Current Pallas Capital Funds:
The Pallas FM Trust
- To fund a warehouse facility that will comprise a diversified portfolio of registered first mortgage loans only, providing quarterly income secured by well-located residential and commercial land, construction and investment assets
- Key highlights of the Bond are as follows:
- Issuer: Pallas FM Trust
- 1st Issue Date: 21 December 2020
- Type: 4Yr Fixed Rate Note
- Coupon Rate: 7.5% p.a. Fixed, payable quarterly in arrears
- Current Yield-to-Maturity: 6.75% p.a.
- Size: Up to A$150M facility with A$56.8m currently issued
Pallas Warehouse Trust No.3
- The purpose of the Issue is to fund a warehouse facility that will invest in SPV Lenders that take First Mortgage security only over real estate assets that are located predominantly in Sydney and Melbourne metro areas.
- Key highlights are as follows:
- Issuer: Pallas Funds Pty Ltd as trustee
- Type: 21-month Fixed Rate Unit Trust
- Interest: 7.00% p.a. Net yield to investors, paid monthly in arrears.
- Size: Up to A$30M (max A$150M)
- Maturity: December 2022
Pallas High Yield Fund
- The purpose of the Issue is to fund a warehouse facility that will invest in SPV Lenders that take First Mortgage and/or Second Mortgage security only over real estate assets that are located predominantly in Sydney and Melbourne metro areas.
- Key highlights are as follows:
- Issuer: Pallas Funds Pty Ltd as Trustee
- Type: 21-month Fixed Rate Unit Trust
- Interest: 10.50% p.a. Fixed net yield to investors, paid quarterly in arrears.
- Size: Up to A$20M (max A$100M)
- Maturity: December 2022
