August 2020 Monthly ReportCapspace Private Lending Fund
Our fund continues to grow
New investors are attracted by the high interest rate and stable monthly income payments. Borrowers are impressed by the quick decision making & loan settlement, along with our customer service.
Despite the impacts on the economy from COVID-19 our loan portfolio continues to perform as expected, highlighting the quality of our business. All loans are operating within the original approval conditions and making scheduled interest and principal repayments. In addition, each loan is well secured to cover the Fund’s capital position. Highlighting the short-term nature of our portfolio we also had our first full loan repayment. These funds have now been redeployed into another loan.
We currently have a very strong pipeline of loan transactions, predominantly from long term customers offering first mortgage security with loan to valuation (LVR) ratios below 50%. In addition, we have numerous other SME business lending needs that will enable us to continue to grow the fund’s portfolio and deliver returns to our investors.