MAXCAP FIRST MORTGAGE CONSTRUCTION FUND UPGRADED TO SUPERIOR
Melbourne, 1 December 2020 – MaxCap First Mortgage Construction Fund rated SUPERIOR.
Australia Ratings Analytics (Australia Ratings) has conducted a review and has assigned an investment rating of ‘SUPERIOR’ to the MaxCap First Mortgage Construction Fund (MFMC, the Fund). A Product Complexity Indicator of ‘YELLOW’ has also been assigned to designate the view that the Fund is a COMPLEX financial product, indicating that the underlying assets require specialist investment skills to acquire and to monitor. In addition, investment in this Fund is effectively Illiquid and investors should have a good understanding of the term and characteristics of the distributions from this type of fund. This Fund is available to wholesale investors only.
A rating of SUPERIOR is the highest rating on the investment rating scale used by Australia Ratings. This rating indicates the highest level of confidence that the fund can deliver a risk adjusted return in line with the investment objectives of the fund.
Australia Ratings’ analyst, Maggie Callinan, says “the rating reflects the consistent performance and track record of the Fund, especially throughout the COVID crisis”. She added “we believe the Fund is very well placed to provide CRE debt exposure for long-term investors”.
FOR MORE INFORMATION, CONTACT:
Maggie Callinan, Director
firstname.lastname@example.org 03 8080 6684