Current Unit Price: (20 min. delayed price) ASX:MXT $2.01 0.50%
NAV as at COB: 23.02.20 $2.0086
Current Unit Price: (20 min. delayed price) ASX:MOT $2.04 0.49%
NAV as at COB: 23.02.20 $2.0211

LATEST NEWS

MaxCap and Metrics to deliver $210million debt facility for Resimax development

MELBOURNE, AUSTRALIA – 30 January 2020 – Leading Australian and New Zealand Commercial Real Estate (CRE) investment manager MaxCap Group (MaxCap) and non-bank corporate and property lender Metrics Credit Partners (Metrics) are funding of one of the most significant senior debt facilities for the property sector in recent times.

MaxCap and Metrics have partnered to deliver $210million of senior debt for the acquisition and development of the landmark Eynesbury estate by Resimax Group.

Located 35km west of the Melbourne CBD between Wyndham and Melton (two of Victoria’s fastest growing growth corridors), the estate consists of 825 Ha of land with potential for up to 10,000 home lots and a forecast gross realisable value in excess of $2 billion.

Brae Sokolski, MaxCap’s co-founder and Chief Investment officer said MaxCap was attracted to the investment because of Resimax’s market-leading capability and the potential to unlock value in the asset.

“The market fundamentals for land subdivision are strong, and we remain committed to supporting this sector in fast growing regions such as the Western Growth Corridor in Melbourne,” he said. The Resimax Group is a vertically integrated, privately owned property group.

It is MaxCap’s and Metrics’ first joint credit facility and demonstrates how large-scale non-bank lenders can work together to assist institutional scale borrowers.

Commenting on the venture, Metrics Managing Partner Andrew Lockhart said: “We were very pleased to have worked together with MaxCap on one of the larger non-bank senior debt deals in Australia of the past year.”

“The market is increasingly seeing non-bank lenders undertake larger transactions, closing the gap left by the big banks.”

Speaking about the funding, Resimax founder Aziz Kheir (“Ozzie”) said: “We appreciate the focused and professional support of the entire MaxCap team in arranging this large and complex facility. We feel confident knowing we have MaxCap as a long-term investment partner as we move forward with development of this suburb.”

MaxCap Group Media Release | January 30, 2020

Current Unit Price: (20 min. delayed price) ASX:MXT $2.01 0.50%
NAV as at COB: 23.02.20 $2.0086
Current Unit Price: (20 min. delayed price) ASX:MOT $2.04 0.49%
NAV as at COB: 23.02.20 $2.0211

talk to us

Sign up for Metrics news and updates

Metrics - Australian Non-Bank Corporate Lender

Metrics. A new measure.

Disclaimer and disclosure

All website content in respect of the MCP Master Income Trust ARSN 620 465 090 (the Trust) is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Trust and is prepared by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Trust, you should consider the current product disclosure statement (PDS) of the Trust and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au/, and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Cororate Governance
Personal Trading in Non-Perpetual Securities | RE Services Personal Trading in Non-Perpetual Securities | Unitholders Communications Policy | Continuous Disclosure Policy

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned May/2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Disclaimer and disclosure

All website content in respect of the MCP Income Opportunities Trust ARSN 631 320 628 (the Trust) is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Trust and is prepared by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Trust, you should consider the current product disclosure statement (PDS) of the Trust, and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au, and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Cororate Governance
Personal Trading in Non-Perpetual Securities | RE Services Personal Trading in Non-Perpetual Securities | Unitholders Communications Policy | Continuous Disclosure Policy

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned May/2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

© Copyright Metrics Credit Partners Pty Ltd 2019 | Privacy Policy | Terms of Use | Collection Notice | Award T&Cs