hi all
thanks y man yes that is the article.
and alexlee this is the problem with the fund
in that who would invest in it.
I will cut some very interesting parts of the article to explain a few of the answers to the 10 question.
who is the managers
"We have a subsidiary called Rismark International Funds Management, which is a responsible entity, so it's a unit trust,"
standard off the shelf common private trust
"Investors will … buy units in the trust, just like buying units in an equity trust. It's no different in that respect to investing in, say, Perpetual's Industrial Share Fund"
an equity trust is a trust that you put up equity I e I need 100 mil and 5 people throw in 20mil of equity into the trust my china projects are equity trusts.
"Perpetual's Industrial Share Fund"
not the same as I see it it should be called "Perpetual's mezz funding residential Share Fund " if it was called Perpetual's Industrial Share Fund most people including me would think I was investing in industrial property or something to do with industry not residential mezz funding and at 95% lending at that.
"This likely pattern of returns means the trust will undoubtedly be best suited to investors with a long-term investment horizon - most likely superannuation funds, self-managed super funds and individuals who don't need a fast return on capital"
I think the reporter is very generous with his/her views instead of don't need a fast return on capital it should be no return until the property is sold or refinanced and no mention that if the fund goes backwards no capital either.
for those that understand ipo and listing this bit is very interesting.
Another option might be to list the trust on the Australian Stock Exchange, so units in the trust are traded between buyers and sellers in the same way that shares are traded. The income returns that flow to unit holders would still mirror the performance of the trust's underlying property portfolio
A you need to have 5mil in cash or assetts in a fund for more then 12 months and you need to show a return on investments I would love to see this pds.
where cash flow isn't so important - particularly for people in the accumulation stage - will see it's a very, very solid asset class," Powell says
to this comment if it is correct
mr powell if you think that a fund that has no income, is investing into mezz funding at 95% ( I am yet to find a mezz funder that does not charge over 22% interest per annum over 85%) is backed by a new company yet to be formed and in a structure that is yet to be worked out and do at this stage consider cash flow or liquidity to be a bit of a problem, try a big problem.
if you consider that to be a very very solid asset class
I am sorry I don't.
I would like to find out from the fund or the pds
what these will be
Investors in the trust will, however, pay fees to its manager
because the fund makes no money and an investor also pay the management cost very interesting if the upkeep is 10 mil its out of the investors money, can't be as its invested so its a bill to the investors try that one for size.
I buy a bhp share at 39 dollars and bhp bill me each year for there up keep of the mine etc
there will be more that comes out on this loan and what it is.
the above is my view and only a view
please do not jump up and get your bankbook to invest in very very ( and I will add another) very solid asset class
westpoint was also in this very solid asset class they get one very as they were not as solid as the above