Australia Pacific Mortgage Fund (APMF) is an originator and manager of short term Commercial Real Estate Debt (“CRED”) loans, predominantly for land and subdivision investments. This founder led company’s success is underpinned by robust underwriting standards and an impressive track record. Since 2014, the group has originated more than 100 loans totalling over $460m with no losses.
APMF syndicates its loans via the APMF platform as well as through its feeder fund. To facilitate continuing loan growth, APMF mandated FIIG to arrange scalable bond funding that will provide the company with medium / long term capital to support growing demand for non-bank finance of land and subdivision investments.
The APIF2 Note augments APMF’s funding by delivering a 4 year, scalable bond raised from the Debt Capital Markets. Capital raised will enable APMF to grow its origination of large, high-quality land finance transactions within the mid-market CRED space. The notes are senior secured and benefit from a pool of first mortgage CRED loans secured by Australian real estate plus additional credit enhancement embedded in structure in the form of a first loss funding and a liquidity reserve.
“We were delighted with the professionalism of the FIIG team throughout the execution process for the first APIF2 senior note issue and we are very excited to see where this new business relationship will take us in the future.”
CEO, Paul McCombe