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Global Credit Investments (GCI) has announced the expansion and rebranding of its SME Mortgage Fund into the GCI Real Estate Credit Fund, an open-ended investment fund.
According to GCI, the expansion aims to better address the growing demand from borrowers for tailored financing solutions through offering improved flexibility, term, size, and speed in response to current borrower and market needs.
Managing director of GCI, Gavin Solsky, spoke to Broker Daily about how brokers could use this fund to better serve their clients.
“Brokers can leverage GCI’s Real Estate Credit Fund for $5–30 million loans which we understand from talking to many brokers is often a deal size where broker panels have a gap in their offerings,” he said.
“In addition, GCI has a very flat organisation structure where brokers can deal directly with the principals of the firm to discuss their clients’ needs and complexities.
“This is important both at the time of entering into the transaction but also during the life of the transaction when circumstances may change, and the borrower and lender need to work together to facilitate the best outcomes for all parties.”
Solsky said that the fund is designed to provide “speed and certainty” for clients who require quick turnaround times and “certainty of funding” to refinance, acquire, or restructure real estate assets across residential, commercial, and agricultural properties.
“Brokers might choose our fund for its combination of flexibility, speed, and certainty of capital. The Fund’s open-ended structure allows for customisable loan terms, including short-term bridge loans starting from just three months,” Solsky said.
“The fund and working with GCI is particularly advantageous for clients who face time-sensitive transactions.
“GCI’s ability to see through complexity (e.g. corporate and/or partnership structures, prior credit issues, alternative asset security) and deliver competitive terms makes it an attractive option for brokers seeking to provide their clients with innovative, effective financing solutions.”
The expansion of this fund comes as GAP Business Loans director Peter Arnold said that the current economic climate has heightened the need for short-term financing to manage cash flow or capitalise on business opportunities crucial for growth.
Arnold said that that while traditional banks and large financial institutions play an important role in the financial ecosystem, they often fall short in meeting the immediate needs of SMEs.
[RELATED: What role do private lenders play in helping SMEs?]
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