$200+ million

 

Funds Under Management

8.0%

 

Annual net return since inception

NIL

 

Loss since inception

$5 million

 

First loss capital invested by Gemi and related entities

Gemi Investments has specialised in short-term property backed debt investments since 2000.  Gemi has a trusted reputation built over 20+ years with in excess of $2 billion of loans written and a track record of capital preservation.

The Gemi First Mortgage Fund (the Fund) was established in November 2021 to provide investors with access to Gemi’s investment strategy and a diversified portfolio of loans originated by Gemi and secured by first mortgages over Australian & New Zealand property.

The Fund targets a monthly cash distribution of 8.0% per annum net of fees of the Fund.

The Fund has been independently assessed by specialist property funds research group, Core Property and rated “Recommended”.  Please click here for a copy of the Core Property report.

The objective of the Gemi First Mortgage Fund is to provide monthly income distributions through a selection of investments in short-to-medium term registered first mortgage loans whilst providing additional capital protection measures to Investors. The Fund provides exposure to a portfolio of debt facilities across a variety of sectors and locations throughout Australia and New Zealand across a range of stages within a property’s lifecycle – from early stage site acquisition, through to completed residual stock and bridging facilities for existing commercial properties.

The benefit of investing in the Gemi First Mortgage Fund is it leaves the day to day investment decisions to Gemi whilst providing monthly liquidity with the security of underlying registered first-ranking mortgages in addition to a first loss investment of $5m by Gemi Investments.

The Gemi First Mortgage Fund offers investors access to Gemi’s investment strategy and expertise with a number of key benefits:

  1. Single point access to a diversified portfolio of short-term property backed debt investments originated by Gemi, the underlying loans across Australia and New Zealand made across project life-cycle from land acquisition to residual stock finance
  2. Registered first-ranking mortgage security
  3. Low volatility fixed returns with low correlation to other property sectors
  4. Target net returns of 8% p.a. with monthly cash distributions and liquidity
  5. Strong alignment of interests between Gemi and investors, with $5 million first loss
  6. Invest online anytime

The Fund has been rated as “Recommended” by independent property funds specialist, Core Property.  The first loss capital of $5m invested as Manager Units by the principals of Gemi is regarded by Core Property Research as a unique feature of the Fund:

“A unique feature of the Fund is that the Manager provides a form of capital mitigation and distribution support to meet the Target Returns. Entities associated with the principals of Gemi have invested $5M in Manager Units which provide a first loss position on any capital losses in the Fund, before Ordinary Unitholders are impacted. Additionally, the Manager Units also provide partial support for the Target Returns each month.”

“Core Property considers the Manager Units to provide a strong alignment of interests as it incentivises the Manager to maintain a high level of returns but also puts the Manager at the forefront for any capital losses.” 

Please click here for a copy of the Core Property report.

The Gemi First Mortgage Fund has consistently delivered the target return of 8.0% per annum since inception.  The Fund has also maintained a 100% preservation of capital.

Please click here for the latest monthly investor report.

Thank you for your interest in the Gemi First Mortgage Fund.

Fund Inception22 November 2021
Fund TermOpen-ended
Minimum Initial Investment$25,000
Eligible InvestorsWholesale and sophisticated investors
Unit Price$1.00
Target Return8.0% p.a. (net of fees)
Distribution FrequencyMonthly
Applications/RedemptionsWeekly/Monthly
Management FeesNil
Performance FeesNil
Entry/Exit FeesNil
Trustee and costsGemi Asset Management Pty Ltd
0.5% p.a. (plus GST) of Fund Assets
Investment ManagerGemi Investments Pty Ltd