AltX flagship managed fund receives inaugural ‘recommended’ rating

March 16, 2022

March 16, 2022

March 16, 2022

AltX flagship managed fund receives inaugural ‘recommended’ rating

Share it to

LinkedIn

AltX receives inaugural 'Recommended Rating' from IIR on its 1st Mortgage Debt Fund No.1.

AltX today announces that its Flagship Managed Fund, AltX-Assetline 1st Mortgage Debt Fund No. 1, has received a ‘Recommended’ Rating from independent Fund Research House Independent Investment Research (“IIR”).

In support of the rating, IIR noted that the Manager is “an experienced operator in the non-conforming loan market with a proven track record to date, funding and servicing over 1,000 loans with no loss of capital”. IIR also highlighted that the Manager is “well-resourced with over 40 employees, with the team’s experience spanning across all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation and quantity surveying.” 

IIR noted that the Fund is managed by “a specialist non-bank CRE lender who has a strong track record of almost 10 years and over $2b of loans funded with no capital loss experienced to date.” The Fund’s portfolio is diversified with 82 loans in the portfolio at 31 May 2021 and an average weighting to an individual loan of 1.1%. This level of diversification reduces the impact of a default of any single loan in the portfolio.

Commenting on the rating, AltX Co-CEO Nick Raphaely said: “The Group’s Fund products have been well received in the market, enjoying support from high net worth individuals, Family-Offices and Financial Advisors. The Fund’s investment proposition – delivery of a robust, consistent yield backed by 1st mortgage over real-estate security and borrower guarantees – resonates strongly in today’s investment climate”

Co-CEO Steven Beinart further noted: “The IIR Report recognises the depth of experience developed by the Group over the past decade, an element we will continue to build on as we further expand and strengthen the business. To have achieved this rating during the height of the COVID lockdown is very satisfying and speaks to the robustness of our product.”

For further media information and interview requests please contact:

Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241

AltX today announces that its Flagship Managed Fund, AltX-Assetline 1st Mortgage Debt Fund No. 1, has received a ‘Recommended’ Rating from independent Fund Research House Independent Investment Research (“IIR”).

In support of the rating, IIR noted that the Manager is “an experienced operator in the non-conforming loan market with a proven track record to date, funding and servicing over 1,000 loans with no loss of capital”. IIR also highlighted that the Manager is “well-resourced with over 40 employees, with the team’s experience spanning across all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation and quantity surveying.” 

IIR noted that the Fund is managed by “a specialist non-bank CRE lender who has a strong track record of almost 10 years and over $2b of loans funded with no capital loss experienced to date.” The Fund’s portfolio is diversified with 82 loans in the portfolio at 31 May 2021 and an average weighting to an individual loan of 1.1%. This level of diversification reduces the impact of a default of any single loan in the portfolio.

Commenting on the rating, AltX Co-CEO Nick Raphaely said: “The Group’s Fund products have been well received in the market, enjoying support from high net worth individuals, Family-Offices and Financial Advisors. The Fund’s investment proposition – delivery of a robust, consistent yield backed by 1st mortgage over real-estate security and borrower guarantees – resonates strongly in today’s investment climate”

Co-CEO Steven Beinart further noted: “The IIR Report recognises the depth of experience developed by the Group over the past decade, an element we will continue to build on as we further expand and strengthen the business. To have achieved this rating during the height of the COVID lockdown is very satisfying and speaks to the robustness of our product.”

For further media information and interview requests please contact:

Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241

AltX today announces that its Flagship Managed Fund, AltX-Assetline 1st Mortgage Debt Fund No. 1, has received a ‘Recommended’ Rating from independent Fund Research House Independent Investment Research (“IIR”).

In support of the rating, IIR noted that the Manager is “an experienced operator in the non-conforming loan market with a proven track record to date, funding and servicing over 1,000 loans with no loss of capital”. IIR also highlighted that the Manager is “well-resourced with over 40 employees, with the team’s experience spanning across all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation and quantity surveying.” 

IIR noted that the Fund is managed by “a specialist non-bank CRE lender who has a strong track record of almost 10 years and over $2b of loans funded with no capital loss experienced to date.” The Fund’s portfolio is diversified with 82 loans in the portfolio at 31 May 2021 and an average weighting to an individual loan of 1.1%. This level of diversification reduces the impact of a default of any single loan in the portfolio.

Commenting on the rating, AltX Co-CEO Nick Raphaely said: “The Group’s Fund products have been well received in the market, enjoying support from high net worth individuals, Family-Offices and Financial Advisors. The Fund’s investment proposition – delivery of a robust, consistent yield backed by 1st mortgage over real-estate security and borrower guarantees – resonates strongly in today’s investment climate”

Co-CEO Steven Beinart further noted: “The IIR Report recognises the depth of experience developed by the Group over the past decade, an element we will continue to build on as we further expand and strengthen the business. To have achieved this rating during the height of the COVID lockdown is very satisfying and speaks to the robustness of our product.”

For further media information and interview requests please contact:

Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241

AltX today announces that its Flagship Managed Fund, AltX-Assetline 1st Mortgage Debt Fund No. 1, has received a ‘Recommended’ Rating from independent Fund Research House Independent Investment Research (“IIR”).

In support of the rating, IIR noted that the Manager is “an experienced operator in the non-conforming loan market with a proven track record to date, funding and servicing over 1,000 loans with no loss of capital”. IIR also highlighted that the Manager is “well-resourced with over 40 employees, with the team’s experience spanning across all aspects of CRE lending including property, origination, underwriting, due diligence, valuation, transaction management, compliance, project management, valuation and quantity surveying.” 

IIR noted that the Fund is managed by “a specialist non-bank CRE lender who has a strong track record of almost 10 years and over $2b of loans funded with no capital loss experienced to date.” The Fund’s portfolio is diversified with 82 loans in the portfolio at 31 May 2021 and an average weighting to an individual loan of 1.1%. This level of diversification reduces the impact of a default of any single loan in the portfolio.

Commenting on the rating, AltX Co-CEO Nick Raphaely said: “The Group’s Fund products have been well received in the market, enjoying support from high net worth individuals, Family-Offices and Financial Advisors. The Fund’s investment proposition – delivery of a robust, consistent yield backed by 1st mortgage over real-estate security and borrower guarantees – resonates strongly in today’s investment climate”

Co-CEO Steven Beinart further noted: “The IIR Report recognises the depth of experience developed by the Group over the past decade, an element we will continue to build on as we further expand and strengthen the business. To have achieved this rating during the height of the COVID lockdown is very satisfying and speaks to the robustness of our product.”

For further media information and interview requests please contact:

Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241

Get in Touch

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd