Queensland-based property and funds management firm, CFMG Capital, has surpassed $100 million in funds under management.
Its newly launched private credit fund, the CFMG Capital Monthly Income Fund (MIF), secured over $20 million in inflows in under three months.
“To go past $100 million is a great milestone,” said Andrew Thomson (pictured above), CFMG Capital group general manager.
CFMG Capital is riding the wave of optimism in the southeast Queensland (SEQ) land market, with a pipeline of more than 2,200 homesites.
“We are experiencing high levels of enquiry across all of our active projects,” Thomson said, adding that population growth and supply constraints are fueling demand.
CFMG Capital’s MIF is drawing interest from retail and institutional investors alike, with the fund offering exposure to the property market through pooled mortgages.
“Investors are increasingly looking for alternative ways to get exposure to property, and private credit funds like MIF are a great way,” Thomson said.
The company aims to raise $50m by year-end, with a perfect track record of returning capital to investors.
The MIF, starting at a targeted rate of 8.25%, provides monthly distributions and allows investments from as little as $5,000.
CFMG’s investors range from small retail investors to larger SMSF and institutional investors, which according to Thomson, “is an indication of the depth of interest.”
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