AltX-Assetline Horizon Managed Fund
Diversified exposure to 1st mortgage-backed bridging, construction, and full-serviceability loans with investor 1st loss provision
- 1st Mortgage Security
- Diversified Exposure
- Experienced Investment Manager
- Conservative Loan to Value Ratios
- Interest Paid Monthly
Fund Overview
Structure
Australian Wholesale Unit Trust
Minimum Investment
AUD $100,000
Fund Term
24 months, with run-off thereafter as underlying loans repay
Income Distribution
Monthly
Capital Distributions
Pro-rata as underlying loans replay at the end of the fund term
Investor Eligibility
Wholesale investors only
Management Fee
0.25% p.a.
Wholesale Eligible Investors
1st Mortgage Underlying Security
36 Months Fund Investment Period
Fund Structure
Exposure to the most senior part of the capital structure – 1st loss provision
Equity
- Lender buffer, borrower first loss
First Mortgage
- Priority claim on interest and principal
- Priority claim on asset
Fund Performance
RBA Cash Rate vs Fund Performance - October 2021*
* October 2021 monthly return, annualised variable rate
29 Underlying loans
100% Capital and Interest returned
Investment Guidelines
UNDERLYING LOANS
- Must be made to companies or the monies advanced must be predominantly for business purposes
- Must be secured by First Registered Mortgages over the property in Australia (“stand-alone” and construction)
- Must be supported by borrower serviceability, Directors’ Guarantees by the borrowing entity and a PPSR charge over the borrowing entity, a related entity or both
- Minimum Term 3 months, Maximum Term 36 months
- Maximum LVR’s: Residential – 70%; Commercial & Industrial – 65%; Vacant land – 55%
PORTFOLIO
- Fund assets not invested in Underlying Loans must be held in cash in a major Australian bank
- No individual Underlying Loan exposure may exceed 15% of the assets of the Fund
- The Fund may only provide funding for Underlying Loans alongside investors participating on the same commercial terms*
Fund Documentation
Investment Memorandum
Learn about the key Fund terms, investment guidelines, Manager background and Fund structure
Managed Fund Overview
Review the historical and current performance, guidelines and structure of the Fund
Fund Fact Sheet
The Fund Fact Sheet details the historical and current performance, guidelines and Fund structure
Invest Today
Latest News
How SMSFs can get more yield from ‘fixed’ income
With record low-interest rates showing no sign of lifting, Self-Managed Super Fund (SMSF) trustees are planning to shift their cash allocation into equities, however, this may not give trustees, the steady income stream they are seeking.
Press Release: AltX Loan Originations Surpass $2 billion
AltX loan originations have topped $2 billion since the Group’s inception in 2012 across more than 1,000 property-backed transactions
AltX chats to AusBiz TV on how SMSFs can get more yield from ‘fixed’ income
With record low-interest rates showing no sign of lifting, Self-Managed Super Fund (SMSF) trustees are planning to shift their cash allocation into equities, according to the 2021 Vanguard/Investment Trends SMSF Investor report. However, this may not give them the steady income stream they are seeking.
Video: The AltX Investor Platform now supports DocuSign
Nick Raphaely, Co-Founder and Co-CEO of AltX, discusses the launch of DocuSign
AltX chats to AusBiz TV on the private debt market doubling by 2025
There has been a significant emergence in private debt over the past 5 years, and in non-bank lending in particular. According to industry experts like Nick Raphaely from AltX the private debt market is expected to double by 2025.
Private debt market expected to double by 2025, according to industry experts
From ‘fringe’ asset class to nimble backbone of Australia’s booming non-bank and construction sector, we discuss how the growth of Australia’s private debt market has been nothing short of phenomenal over the last decade.