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21 February, 2022

Stamford Capital closes $46.8M over-subscribed raise for new fund

Stamford Capital’s funds management arm has announced the over-subscribed capital raising for its newest fund.

Stamford Capital Investments (SCIM) witnessed strong investor demand for its SCIM Core Partners Fund 2, which raised $46.8 million.

The new fund primarily targets equity and subordinate investments that focus on mid-development sectors across the eastern seaboard valued up to $80 million. Primarily residential, retail, convenience retail, standalone fast food, office and industrial assets are targeted.

“We’ll do projects of reasonable scale in good locations, where we can limit the downside risk. We won’t be doing 200 units in Docklands,” said Michael Hynes, Joint Managing Director.

“The construct of CPF2 is what differentiates it in the market,” added Daniel Pirrello, Head of Investments.

To read the full article, head to The Property Tribune.

18 February, 2022

Fund Divests Second Taco Bell Store, Bolsters CPF1 Returns

Stamford Capital Investments (SCIM), has experienced strong investor demand with a capital raising for its SCIM Core Partners Fund 2 (CPF2), closing over-subscribed at $46.8 million.

Based on the innovative structure of Stamford’s inaugural Core Partners Fund 1 (CPF1), the new flagship Fund is a unique offering in the market. It primarily targets equity and subordinate investments focusing on the mid-development sector within the Eastern Seaboard for projects up to $80 million; a niche and strong performing sub-sector of the market. Mainstream asset classes are being targeted, primarily residential, retail, convenience retail, standalone fast food, office and industrial.

“We’ll do projects of reasonable scale in good locations, where we can limit the downside risk. We won’t be doing 200 units in Docklands,” Said Michael Hynes, Joint Managing Director.

“The construct of CPF2 is what differentiates it in the market. It unlocks the ability for us […]

21 April, 2021

Mezz is back…

Mezz is back…tell your friends!

Mezzanine finance is back, for real. We’ve recently closed two mezzanine loans and have seen an uptick in inquiries for this capital type, which for the last few years has remained dormant.

This is an interesting shift in market and perhaps an indicator of where we expect to see activity in real estate debt capital through 2021.

A few quick points/take away to make here:

  • The combination of trading bank senior and junior debt in a development finance stack remains materially more price competitive than non-bank senior only alternatives. Our modelling indicates the savings are around 15%-20% of your borrowing costs. We closed a $20m capital stack recently using bank and mezzanine, which proved $250,000 cheaper than the alternative non-bank senior only solution.
  • A resurging residential market should drive pre-sales and consequently developers back to considering the banking market for debt.
  • We […]
29 September, 2020

Real Estate Debt Capital Markets Survey 2020

In early 2020 the real estate debt capital market was quietly optimistic. By January, the residential market had recovered almost all of the losses suffered between 2017 and 2019. Most lenders were looking for new opportunities to reduce their loan books, with 87% expected to maintain or loosen their investment credit criteria.

And then COVID-19 entered our vocabulary.

The pandemic brought a tidal wave of uncertainty to the real estate debt market. And while we’re yet to feel its full impact on the economy, property markets have certainly begun to suffer as a result.

However, there are some marked differences to the Global Financial Crisis in 2008/9, the last time markets faced significant challenges. There is still liquidity in the market, thanks to the RBA, government support schemes and the empathetic actions of lenders. Plus, with interest rates at historic lows, debt remains an attractive […]

28 March, 2020

SCIM Investor Update

To our Investors,

It’s been an extraordinary couple of weeks for us, as I am sure it has been for you. We sincerely hope that you are well and are managing the fall-out from Covid-19.

The Stamford team has been operating remotely since Monday 16th March. We made this decision to protect our people and ensure that they are healthy and safe. All our systems are cloud-based and secure so the transition to a remote-based workplace has been smooth and we remain fully operational.  I must say I do miss being in the office, but these are the times we are in.

We are holding daily video and conference calls with the team. This helps maintain our culture, exchange of ideas and ensures our ability to service our clients. We have also reviewed our disaster recovery program, our operating platform and financial capacity. Stamford is well capitalised […]

26 February, 2019

Stamford Capital expands into Victoria

The nine-year-old firm has opened a Melbourne office with a new director, as it scours Victoria for new commercial debt deals and high-net-worth and family office investors.

Stamford Capital currently transacts capital from about 400 sophisticated investors to finance commercial real estate projects for property developers or owners.

Click here to read full article by Kanaka Sood in The Financial Standard

1 February, 2018

Investment Spotlight: What are we looking at in 2018?

Looking at investment opportunities for 2018, it’s going to be a year of debt, debt and more debt. Last quarter we saw residential prices fall in Sydney for the first time in years, and with commercial assets selling at all time low yields, we are of the view that asset prices have peaked over the short run. For this reason, we believe investing in debt is compelling. We also have some opportunistic equity deals we’re working on – all with well-known, quality sponsors that our team understands and have had relationships with over decades operating in niche markets.

At Stamford Capital Investments, the decision-making process behind any investment opportunity comes down to ticking off three key components:

– Trusted sponsors
– Quality of the asset
– Leverage.

And we place our heaviest weighting towards the quality of the sponsors we deal with. […]

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