Pearlfisher's mortgage fund touts 7.5% returns

Wed, 17 Mar 2021

Jarden backed Pearlfisher Capital has rolled out its first mortgage fund, aimed at providing an alternative source of finance for medium density housing developments.Director Tony Abraham said the new $50 million fund will provide a debt option for housing projects that have found it "challenging to access finance from the retail banks".Its first transaction of record is a terrace house development in Auckland, now sold to government-backed community housing provider Kāinga Ora.Abraham said the property financier was seeing market evi...

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