Total Transaction Value       USD 92 million

Term                                       3 - 4 years

Start date                              November 2020

• The purpose of the fund is to purchase short-term mortgage-backed loans in the U.S. (Brigde Loans), in order to hold them to maturity and collect their principal and interest. 

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• These loans are taken out by real estate investors who buy houses for the purpose of leasing them, or renovating and reselling them ("Fix & Flip" loans). The loans have a term of 12 to 18 months, rates between 7% and 12%, and include a balance for remodeling.

Residential Credit Opportunity