This article is from the Australian Property Journal archive
SPECIALIST private credit fund manager Global Credit Investments (GCI) is expanding its SME Mortgage Fund and rebranding it as the open-ended GCI Real Estate Credit Fund.
The open-ended investment fund will address the growing demand for tailored financing solutions, delivering flexible financing solutions with a focus on $5-30 million loans for residential, commercial and industrial assets.
“Borrowers today are seeking more than just capital – they’re looking for agility and flexibility that can adapt to their evolving needs. Our open-ended fund structure will look to support real estate borrowers in a similar vein to GCI’s Asset Backed Fund vehicle which has deployed in excess of $750m since 2020,” said Gavin Solsky, co-founder and managing director at GCI.
“Our decision to enhance our Real Estate Credit offering reflects our commitment to meeting borrower demands head-on. By consolidating our real estate lending activities into an open- ended fund structure, we can better capitalise on high-potential opportunities, offering borrowers unmatched flexibility in terms, speed of execution, and the ability to adjust financing terms mid-course,” continued Solsky.
GCI has deployed around $400 million into real estate credit facilities across a range of asset types, establishing a track record to transition into an open-ended fund model, which will enable more direct loan originations.
“Our prior transactions have laid a strong foundation with consistent performance and reliable returns. Current macroeconomic trends and the evolving dynamics between borrowers and lenders make this an ideal time to transition to an open-ended fund structure. The GCI Real Estate Credit Fund is designed to provide a customised funding solution which meets borrowers’ needs more effectively,” added Solsky.
“Higher interest rates and tighter lending conditions have put pressure on some borrowers, creating a demand for alternative, innovative financing solutions. Traditional lenders are becoming more cautious, especially with new borrowers. Our Real Estate Credit Fund is designed to address this gap, with a particular focus on $5-30m loans that offer flexible and transformative financing solutions tailored to meet borrowers’ needs.”
Back in February, GCI expanded the team behind its real estate capital solutions with the appointment of Robert Grajczyk as investment director.
