Melbourne, 11 November 2019 – MaxCap First Mortgage Construction Fund – rated VERY STRONG.
Australia Ratings Analytics (Australia Ratings) has assigned an investment rating of ‘VERY STRONG’ to the MaxCap First Mortgage Construction Fund (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 has restrictions on the ability to redeem due to the relatively illiquid nature of the underlying loans. 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.
Release from Australian Ratings is here.