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Yes, but in the words of David Suzuki you have to ask Christopher Joye where the money is coming from. He is very critical of all RE finance which is too simplistic. He of course, has his own products to promote.The banks are very difficult, inflexible and cumbersome and this has created the opportunity for RE private debt. But it can be just as safe as a bank with low LVR's and first mortgage security. I believe it can sensibly be part of an allocation to private credit.And even if PCX looks good I wouldn't invest in a listed fund for the reasons I have already mentioned except maybe when it has fallen way under NTA.I do also invest in the Coolabah Floating Rate High Yield Fund.
Yes, but in the words of David Suzuki you have to ask Christopher Joye where the money is coming from. He is very critical of all RE finance which is too simplistic. He of course, has his own products to promote.
The banks are very difficult, inflexible and cumbersome and this has created the opportunity for RE private debt. But it can be just as safe as a bank with low LVR's and first mortgage security. I believe it can sensibly be part of an allocation to private credit.
And even if PCX looks good I wouldn't invest in a listed fund for the reasons I have already mentioned except maybe when it has fallen way under NTA.
I do also invest in the Coolabah Floating Rate High Yield Fund.
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