Labassa Capital Australian Real Estate Credit Fund
Providing investors with exposure to a portfolio of risk-adjusted well structured loans secured against Australian real estate. (For Wholesale Investors Only)
The Labassa Capital Australian Real Estate Credit Fund (LC Fund) is managed by Labassa Capital Pty Ltd, an investment manager specialising in the real estate asset class.
Labassa Capital has a seasoned team of professionals experienced in executing and managing real estate investments. The LC Fund seeks to provide investors with a defensive investment, utilising portfolio diversification and reliable monthly income distribution.
The underlying investments within the LC Fund are loans secured by mortgages over Australian real assets, including land, sub-divisions, developments, and established income producing real assets. LC Fund provides investors with compelling risk adjusted returns targeting a 9.0% annual net return to investors.
Diversification - Expand your investment portfolio within the Australian property market to reduce risk.
Regular Income - Earn regular income through interest payments.
Risk Diversification - Gain security through asset-backed Australian investments.
Customisation - Carefully constructed investment portfolio by an experienced investment manager to meet the investment objectives of the fund.
The objective of the Fund is to provide investors with exposure to a portfolio of risk-adjusted well structured loans secured against Australian real estate assets. Preservation of capital and the diversification of the portfolio are core objectives of the Fund. Further, it is an objective of the Fund for there to be a monthly cash distribution to Unitholders.
The Fund offers investors exposure to secured loans in the commercial real estate financing sector. Typical secured real estate loans which the Fund will have include the following:
- Land Loans – These are the provision of loans for land and property which has been ‘land banked’ and is awaiting
further development. Typically such land would include land awaiting future sub-division or land awaiting construction.
Such loans would typically have a duration of 12 to 18 months. - Construction Loans – These are loans which are provided to facilitate the construction of a building or the sub-division of land. Such loans are provided on a progressive drawdown cost to complete basis. Such loans would typically have a duration of 18 to 30 months.
- Investment Loans – These are loans secured against an income producing real estate asset. Such loans would typically have a duration of 12 to 30 months.
The Fund may provide senior loans for which the Fund will be secured with a registered first mortgage and in other instances the Fund may have a subordinated position secured by a second mortgage or second charge.
Investments where the Fund may have a subordinated position may be secured by a second mortgage over property or a second charge over the borrower and its assets. In such cases the Fund, as the provider of the second mortgage, will be “second in line” behind the first mortgagee.
Further the Fund will also be able to invest in loan notes in individual loans managed by Labassa Capital or the Trustee and in such cases the Fund will invest on similar terms and conditions as other co-investment partners of Labassa Capital. Such loan notes will have specified returns to a specific investment from a single underlying loan managed by Labassa Capital or the Trustee.
The Fund will endeavor to work within the investment strategies and guidelines and the other limits set out in the Information Memorandum. However, these should be viewed as objectives only and not as absolute limits.
Labassa Capital is a specialist real estate fund manager and non-bank lender. We specialise in funding real estate development, primarily through loan facilities to fund construction, subdivision or land acquisition.
We have an extensive origination network generating continued debt and equity investment opportunties.
Our high-calibre team delivers outstanding risk-adjusted returns. Our name originates from Labassa Mansion in Melbourne, built upon secure foundations, it reflects Labassa Capital's core strengths.
Melissa is the founder and Chief Investment Officer of Labassa Capital and leads the firm’s investment strategy, deal sourcing, execution, investor relation and corporate partnerships. Melissa has more than 15 years’ experience in real estate private capital and institutional banking from which she has developed extensive contacts with private and institutional investors.
Before Labassa, Melissa held roles in institutional banking with Westpac Banking Corporation and HSBC. Melissa holds a Master of Business Administration from University of Technology, Sydney, and a Bachelor of Business Administration from Hunan University of Commerce, China.
James works closely with private investors. James has over 20 years of experience within investment banking, having spent time working in both Australia and the UK, focusing on debt capital markets.
Before joining Labassa Capital, James held roles at UBS Investment Bank and Barclays Investment Bank in London as a credit trader. He specialised in advising large institutions on their liquidity position, and proving short and long term strategies for investments in the fixed income space.
Having traded profitably throughout multiple volatile market events, James has a proven track record of consistent revenue generation. James is an individual who builds and appreciates the importance of long term relationships. James has passed the CFA Level 1 exams.
Alistair has a distinguished career in Corporate Banking and Risk Management through a variety of roles in a 30 year career with HSBC. His wide ranging career included positions in the UK, Japan and latterly Australia. In 2007, Alistair was appointed State Manager, NSW for HSBC Australia’s Commercial Banking operations and successfully led a growing team to more than triple revenues over a five year period.
Alistair has extensive experience with Private and Public companies, Domestic and Multi-national Corporates both mid-market and large. Alistair has extensive experience across bi-lateral, club and syndicated facilities.
Alistair holds a Bachelor of Science degree in Banking and Finance from Loughborough University, England and is the co-founder and Director of BRW Advisory.
As Legal Counsel for Labassa, Matthew brings over 25 years banking and finance legal experience, having worked in major law firms in Sydney, London, Hong Kong, the Cayman Islands and Brisbane.
This experience has exposed him to a diverse range of sophisticated and market-leading transactions.
Matthew has also acted as in-house counsel for a major property developer and ASX-listed corporations in Sydney.
Matthew holds a Bachelor of Laws and Master of Laws from Queensland University of Technology, and is a graduate from the Australian Institute of Company Directors – Company Directors Course.
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Real Estate Private Credit refers to nontraditional lending and investment in real estate projects by private entities, often in the form of debt financing. This method of financing provides alternative capital sources outside of traditional banks or public markets, specifically tailored to the Australian real estate market.
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