A fund which lends money directly to end borrowers in the UK real estate market has been approved for distribution by the Monetary Authority of Singapore following demand from advisers.
The Montello Income Fund has been listed in Singapore as a permissible collective investment scheme.
Aiming to return 8.5% per annum, the Montello Income Fund is domiciled in the UK and provides short term bridging loans to purchasers of residential property in Britain, with a focus on London. All of the fund’s loans are secured by registered first charges and it aims to keep a conservative LTV ratio of between 50% and 60%.
Source: International Advisor
Aiming to return 8.5% per annum, the Montello Income Fund is domiciled in the UK and provides short term bridging loans to purchasers of residential property in Britain, with a focus on London. All of the fund’s loans are secured by registered first charges and it aims to keep a conservative LTV ratio of between 50% and 60%.
Source: International Advisor
