MARKET OUTLOOK

Centennial Property Group Announces A$ 100 million Senior Secured Loan Note Program Offering

prnewswire | November 09, 2020

This archive is arranged and given by CPG Financial Services Pty Ltd ACN 162 617 843; AFSL No. 436802 ("CPGFS"). Issues of Loan Notes will be made under a game plan between the backer of the Loan Notes, Centennial LN Pty Limited (ACN 645 494 177) ("the Issuer"), and CPGFS for the reasons for area 911A(2)(b) of the Corporations Act (Australia).

The Issuer declared today that it means to offer, subject to advertise and different conditions, an AUD$100 million total head senior made sure about advance note (Program) in a private situation. CPGFS, for the benefit of the Issuer, looks for articulations of premium from people who are qualified to gain Loan Notes (see "Qualification" underneath) and whose conventional business incorporates the purchasing and selling of or putting resources into obligation interests of a sort like the Loan Notes to partake in the Program.

CPGFS may, every once in a while, make recommendations to those Investors who have communicated a premium in partaking in the Program for the issuance of Loan Notes.

The Issuer will contribute the returns of calls to be made under the Loan Notes in contract made sure about land advances to Australian property speculators and engineers.

Key Features of the Program

An outline of certain critical highlights of the Program is set out underneath. This record doesn't indicate to be finished and is qualified completely by, and Investors should peruse the entire of, the private Information Memorandum, the applicable Supplementary Information Memorandum, the Loan Note Subscription Deed and the other Transaction Documents of the significant Series of Loan Notes to settle on an educated choice about whether to put resources into any Loan Notes.

About Centennial Property Group

The Issuer is managed by CPG Lending Pty Ltd, a wholly owned subsidiary of Centennial Property Group ("CPG"). CPG was established in 2012 as a private family office style property investment group specialising in actively managed property investments, developments and property-backed lending. Since that time it has undertaken transactions with a total value of $1.6 billion and has provided consistently compelling risk adjusted returns to its investors. However, potential investors should note that past performance is not a reliable indicator of future performance and should not be relied upon in making a decision to invest in Loan Notes.

The underlying loan portfolio will comprise loans for property investments and projects with similar characteristics to the property projects in which CPG has invested its Centennial Mortgage Opportunities Fund. The loans will typically be on less conservative lending terms than those offered by banks (constrained by Basel III and regulatory requirements) and thereby achieve an enhanced return for the Investors.

Spotlight

All In The Family: Abhisheck and Abhinandan Lodha, sons of the group founder Mangal Prabhat Lodha, speak about their aggressive strategy, politics and building the tallest residential tower.

Spotlight

All In The Family: Abhisheck and Abhinandan Lodha, sons of the group founder Mangal Prabhat Lodha, speak about their aggressive strategy, politics and building the tallest residential tower.

Related News

REAL ESTATE TECHNOLOGY

Investing $250 million in the United States, Varde Partners Real Estate Residential Developments

businesswire | February 10, 2021

Varde Partners, a leading global alternative investment firm, today announced it has provided more than $250 million of capital to purchase and fund the development of single family residential projects across three transactions in the U.S. “The U.S. housing market represents a significant investment opportunity for Värde, with compelling supply demand dynamics driven by low interest rates, demographic trends and secular shifts accelerated by Covid-19,” said Brian Schmidt, Partner at Värde. “These deals demonstrate the speed, scale and flexibility with which our platform can invest across the capital structure to provide appropriate financing solutions while traditional lenders continue to retrench.”

Read More

Philadelphia Equity Transaction Closes to fund 6 High End Apartments in University City

Real estate, Housing, Apartment, Property rights | September 27, 2020

Raising equity for commercial real estate projects is still very possible in this economic climate says Jared Cobert of Diligence Capital Advisors, the well established capital solutions firm based in Philadelphia, PA. Mr. Cobert sourced and closed on an equity transaction this past Friday September 25th for a 6 unit lavish apartment project in the coveted University City District of Philadelphia, PA. Philadelphia's "University City" is located at the easternmost portion of West Philadelphia directly across the Schuylkill River from Center City, and encompasses several Philadelphia universities such as the University of Pennsylvania, Drexel University, the University of the Sciences and the Restaurant School at Walnut Hill College. University City is Philadelphia's bustling, culturally diverse academic heart with cutting-edge exhibitions at the Institute of Contemporary Art, swanky eateries and casual bars that attract hip crowds.

Read More

REAL ESTATE INVESTMENT

NAS Investment Solutions Acquires New Class-A, Indiana Office Property

NAS Investment Solutions | December 22, 2021

NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties with a nationwide reputation for acquiring elite commercial real estate with investment grade tenants, has acquired a prime Class-A, office property in South Bend, IN. Newly constructed in 2021, the 82,064 square-foot office building serves as the national headquarters for Press Ganey, the area's fifth largest employer and a leading provider of performance measurement and improvement services to U.S. healthcare providers. The company currently has 1600+ employees in 23 locations across the U.S. and over 41,000 customers, including over 80% of the largest U.S. hospitals and medical service providers. Press Ganey has a 98% customer-retention rating. Assuming responsibilities for asset management and property management for the newly acquired investment is National Asset Services (NAS), one of the Nation's leading commercial real estate companies. Since 2008, NAS has served over 2,500 investment clients and has established an impressive track record for investment property management. The track record includes generating over $585 million in cash distributions to property investors and managing a commercial real estate portfolio of 169 diverse commercial properties, comprised of 24.422 million square-feet, in 30 states. The overall value of NAS' managed portfolio in the company's 12-year history, totals over $3.325 billion. We are extremely proud to have delivered an elite, trophy-class property to our investment clients while expeditiously closing the transaction for our 1031 Exchange investors, This property acquisition is the direct result of our tenacious acquisitions team, our exhaustive underwriting process and our transactions management expertise." Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. NASIS was represented by Paul D. Rubenstein, Attorney in Los Angeles, CA for the acquisition of the property. Located less than two miles southwest of downtown South Bend, the Press Ganey property's structure and design were recognized by the Indiana Kentucky Associated Builders and Contractors with the 2021 Award of Excellence in Construction. The 6.8-acre site consists of approximately 408 surface parking spaces and features a unique 4,800 square-foot rooftop employee patio lounge. About NAS Investment Solutions (NASIS) NAS Investment Solutions was established to leverage National Asset Services' vast experience in investment property management by identifying, acquiring, and enhancing commercial real estate investments across all sectors of the real estate industry. About National Asset Services (NAS) Headquartered in Los Angeles, California, NAS manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties. The company manages sole-owned and multi-owner properties. NAS offers a wide range of asset management capabilities. They include property management; project management; lease administration; acquisition and disposition services; real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing & marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.

Read More