News and Announcements
XCEDA Capital has launched the Xceda Mortgage Income Fund
- Published July 28, 2022 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Xceda has recently launched the Xceda Mortgage Income Fund, which invests in short-term bridging mortgages over Australian residential and commercial property. The Fund has a target rate of return of up to 12% p.a., payable in regular monthly or quarterly distributions.
The Fund does not provide construction or development loans – it only provides loans against “As-Is” registered valuations over existing properties, i.e. not against future “As-If Complete” valuations.
The Fund is able to target Rates of Return over 10% p.a. given the short-term bridging nature of this type of mortgage lending, which attracts higher lending rates compared to longer-term residential mortgages.
With over 30 years of experience in funds management across the Xceda Capital Group entities, Xceda has a proven track record of identifying, structuring and managing mortgage loan transactions.