Overview
The Mulpha Real Estate Debt Fund is an unregistered, wholesale Australian unit trust established in 2014. The Fund provides Unitholders with the opportunity to access returns from a diversified portfolio of Australian real estate-related investments of a debt financing nature, fixed income and cash, and aims to deliver attractive risk-adjusted returns to Unitholders.
Mulpha is one of Australia’s most experienced real estate and hospitality investors, with highly specialised operational management and development capabilities. The group also has an extensive Australian portfolio of real estate, property development, hospitality, education, retirement and infrastructure assets.
Mulpha has over 30 years’ real estate investment experience in Australia, with a team of over 80 real estate and hospitality professionals.
TARGET RETURN
The Fund is targeting a return of 8-10% per annum (after all fees and expenses but before tax).
Why invest in Mulpha Real Estate Debt Fund?
8-10% pa
Target Return1
1st Ranking
Currently over 90% of investments
held in the portfolio are senior debt,
secured by a first mortgage
$10m
Manager alignment in
aggregate via co-investment
and Liquid Facility2
Below 65%
Loan to value ratio supported by
third-party valuations3
2014
Year of establishment and nearly
operational for a decade
$0
Nil investments into assets or development projects owned by Mulpha
Over 10
Reputable loan managers providing investment opportunities
$0
Nil capital losses since
establishment
Monthly Liquidity
Supported by a
Liquid Facility4
Quarterly
Target distribution
frequency5
100%
All establishment fees received are
for the benefit of the Fund6
0% WHT
For foreign investors on certain
investments made by the Fund,
subject to section 128F compliance7
- Target return is not guaranteed.
- Refer sections 5.3 and 6.6 of the Information Memorandum for further details.
- As at 31 October 2024. The loan to value ratio is subject to change.
- Mulpha via its subsidiary has provided a AUD 5 million as a Liquidity Facility (as described in section 5.3 of the Information Memorandum) to support monthly liquidity. Liquidity is not guaranteed.
- Refer to section 5 of the Information Memorandum.
- MFM may review this at its discretion, which may include where MFM decides to originate loans in its own right.
- Tax exemptions not guaranteed and are subject to legislative change or changes in which the way laws are applied. Please see further information at sections 7 and 8 of the Information Memorandum.
- Unless stated otherwise, the information above is current as at 31 October 2024.
Fund Performance
The total return1 of the Fund up to 31 October 2024:
- Return above is calculated in accordance with principles of FSC Guidance Note No. 46, based on Unit Price of the Fund, and quoted in per annum before tax but after fees. The figures represent the past performance of the Fund and may be different from a particular investor’s actual investment return calculated based on their relevant investment period. Past performance is not indicative of future performance and no guarantee of future returns is implied or given. Any forecast is subject to change.
- 31 October 2016 is the first date on which the Fund’s NAV and Unit Price calculation commenced.
Asset Allocation
Capital
Geographic
Property Type
Construction Exposure
As at 31 October 2024.
Key terms
Fund
Fund Type
Redemption Notice Period
Target Return
Target Distribution Frequency
Fund Rating
Minimum Investment
Trustee
Manager
Master Custodian and Administrator
Eligibility
APIR
Mulpha Real Estate Debt Fund
Open-ended
Monthly where the fund is liquid
8-10% per annum (after all fees and expenses but before tax)
Quarterly
Favourable by SQM Research
$100,000
Mulpha Funds Management Pty Ltd
ABN 67 610 725 918
AFSL 488 493 (‘MFM’)
Mulpha Investment Management PtyLtd
ABN 21 655 283 855
Auth Rep: 001294402 (‘MIM’)
Apex Fund Services Pty Ltd
ACN 118 902 891
AFSL 303 253 (‘Apex’)
Wholesale investors only
PCP6741AU
Important Information
This website does not constitute financial advice. It is also not comprehensive as it is intended to be an overview only, providing a summary of points usually of interest to investors. Information on this website including, without limitation, any forward‐looking statements or opinions may be subject to change without notice. To the maximum extent permitted by law, MFM, MIM, their related bodies corporate and other affiliates, and their respective officers, employees, consultants and agents (Mulpha Group) do not warrant the accuracy, completeness, timeliness, fairness or reliability of the information that is made available through this website.
Intending investors must obtain a copy of the Fund’s Information Memorandum (IM) and an investment can only be made by completing the application form included in the IM and submitting the completed application to Apex. Intending investors should seek independent financial advice on whether an investment in the Mulpha Real Estate Debt Fund (Fund) is appropriate for them. Investments in the Fund are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Accordingly, the performance, the repayment of capital or any particular rate of return on your investments are not guaranteed by Mulpha Group. Past performance is not a reliable indicator of future performance.