Boston Managed Investments Limited (ACN 165 345 675) (AFSL 469808)
Phone: 1300 668 699

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2013 TT-RPS

Think Tank Group Pty Limited (“Think Tank”) has developed a well-recognised and respected niche in the domestic commercial property finance market having lent in excess of $350m to Australian SME’s over the past six years. With the majority of competitors exiting the sector during the GFC and the period since, Think Tank has in recent months positioned itself to pursue a sustained path of growth in its loan portfolio to $500m and above.

The ability for Think Tank to undertake this transformational transaction underlines the distinction between Think Tank and the unsustainable ‘debenture’ style originators which have been in the news.

The company’s funding to date has been derived exclusively through a wholesale warehouse facility provided by a major domestic bank; although operationally the business has been structured to access securitisation based funding from inception. Executive management is currently in the final stages of progressing the company’s initial securitisation, or term deal, with transaction completion expected inside the first three months of 2013.

This represents a significant step forward on several levels for the business and is an essential factor in directly facilitating the creation of greater overall lending capacity. It is also acknowledged as a fundamentally favourable development by the company’s relationship bank as well as by additional, and alternative, wholesale funders.

With a substantial increase in lending capacity, the company will need to support its growth strategies with a modest but essential uplift in resources. Several initiatives across technology and product development are already well advanced and will require human and monetary capital (introduction of two-three additional personnel) which will be integral in driving this next phase of expansion.

This capital raising of A$2m is specifically intended to support business growth with approximately A$1m designated to meet the costs of this first securitisation and the short term impact of the above noted additional resources.

The remainder of the capital committed (A$1m) will be utilised within the company’s funding arrangements and will directly support lending growth in the funding of mortgages to new SME borrowers through the existing warehouse. This will also allow the active pursuit by the company of a number of book acquisition opportunities in the market today.

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Fund2013 TT-RPS
TrusteeTeltex Pty Ltd
ManagerBoston Managed Investments Limited
Investor TypeWholesale/Sophisticated/Institutional
StatusClosed / Capital Repaid
Inception8/2/2013
Minimum Investment$50,000.00
Unit Value$1.00
Coupon PaymentsPaid monthly in arrears
DRP Available?No
Fund Return ProfileHigh
Income Return RiskMedium
Capital RiskLow
Closed Date02/02/2015
Fund2013 TT-RPS
TrusteeTeltex Pty Ltd
ManagerBoston Managed Investments Limited
Investor TypeWholesale/Sophisticated/Institutional
Inception8/2/2013
StatusClosed / Capital Repaid
Minimum Investment$50,000.00
Unit Value$1.00
Asset Size$2,000,000
Number of Investors16
IM Version & DatesN/A
Entry/Exit FeesNil
Management FeesNil
Performance FeeNil
Expected Asset Life2 years
Capital Growth21.00% p.a
Coupon PaymentsPaid monthly in arrears
DRP Available?No
Fund Return ProfileHigh
Income Return RiskMedium
Capital RiskLow

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