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The GEMI First Mortgage Fund

First ranking mortgage fund targeting 8.0% p.a. distributions

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Core Property has reviewed the GEMI First Mortgage Fund, an unlisted wholesale fund that invests in a portfolio of property-backed loans, secured by first-ranked mortgages in Australia and New Zealand.

The Manager, Gemi Investments, is part of the Gemi Group, a Sydney based private investment firm that has been facilitating mortgage-backed investments for over 20 years.

  • The Manager is targeting distributions of 8.0% p.a. (paid monthly), which the Fund has paid since it was established in November 2021.
  • The principals of Gemi have invested $5M of capital in Manager Units, which provide a first loss position on any capital losses as well as support the target distributions.
  • The Fund only invests in first ranked mortgages, and follows the Gemi Fund (with first and second ranked mortgages), which has maintained a 100% preservation of investor capital.

Core Property has rated the Fund as RECOMMENDED.

The Fund is open to Wholesale and Sophisticated investors only, with a minimum investment of $25,000.

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.