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| Daniel Marchand |
The fund remains open for investment until December 31st to a maximum of $100 million.
The new fund enables investors to share in a portfolio of loans
that will target net returns in excess of 10% per annum in a portfolio of
senior ranking mortgages.
It will
focus on real estate projects in U.S. markets with higher than average
population and GDP growth. The first investments will be for single-family lot
development financings in Texas, a state experiencing job growth and strong
demand for affordable housing.
“The housing market in the Southwest U.S. is particularly strong
and with interest rates at record lows, buyers in this region are motivated to
purchase homes,” said Daniel Marchand, Senior Vice President and Head of
Investor Global Sales.
“While traditional real estate lenders have
substantially halted lending given the pandemic, Trez Capital, through its High Yield
Fund, has capitalized on the current market disruption to lend to high quality
proven borrowers in established housing projects.”
In addition, Trez Capital will re-open Trez Capital Prime Trust and Trez Capital Yield Trust to limited
redemptions. The funds were temporarily paused due to the pandemic.
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| Morley Greene |
“Trez Capital’s
stability over the past few months is a result of our prudent risk management
and deep industry knowledge and expertise,” says Morley Greene, Chairman
and Chief Executive Officer.
“We have
always placed the interests of our investors first and foremost.
"During the unprecedented economic impact
caused by the novel coronavirus our best-in-class origination and underwriting
capabilities and our partnerships with leading developers were put to the
ultimate test and resulted in stability in a time of uncertainty.”
CONTACT:
BoardroomPR
Eric Kalis
Todd Templin
954-370-8999
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