Fund that invests in bridge loans secured by mortgages on sound real estate assets with a very conservative loan-to-value ratio to reduce principal risk.
The fund gets the best of both worlds: being senior debt obtains mezzanine debt yield coupled with typical mortgage bank financing collateral.
Fund that grants loans secured by mortgages on real estate assets, mainly residential assets, in Spain and Portugal. The financing will be primarily senior debt, with a maturity of between 6 months and 3 years, and a debt to collateral valuation ratio of typically 40%-60%.
The fund replicates an investment in short-term fixed income, with a duration of 4 years, via the granting of loans, mainly for one year plus one year, secured byfirst mortgage collateral . The degree of risk is limited by the asset coverage (LTV around 50%).
Geographical focus: Spain and Portugal
Target size: +100 million euros
Duration: 4+1 years
Investment period: 2 years
Dividends: Payback in year 3 and following years
Structure: Euro Fixed Income
CNMV Registration number: 119
Management company: Beka Asset Management, SGIIC, S.A.
Depositary: Caceis Bank Spain S.A.
Fund that invests in loans secured by mortgages on real estate, with a maturity of between 6 months and 5 years, and a debt to collateral valuation ratio of 40-60%.
The objective of the fund is to replicate an investment in fixed income, with mezzanine debt yields, but with first mortgage collateral and regular payouts.
* Exclusively for professional or qualified investors.
Geographical focus: Spain and Portugal
Target size: 25 million euros
Minimum investment: 100,000 euros
Investment period: 2 years (ended May 2024)
Structure: Euro Fixed Income
CNMV registry number: 92
Management company: Beka Asset Management, SGIIC, S.A.
Depositary: Caceis Bank Spain
