Product Overview
A 40 Act closed-end, continuously offered, non-diversified debt fund focused on private commercial real estate debt
STRATEGY
▪ Seeks to originate short-term (12-36 month) bridge loans
▪ Secured by senior position collateral in transitional commercial real estate assets
▪ Primarily in the lower middle market
▪ May also make mezzanine and preferred equity investments in real estate assets
STRUCTURE
▪ Increased access to existing and future RIAs’ channels
▪ Ease of purchase: lower minimums and no accreditation standard
▪ Qualified REIT status providing advantageous tax treatment
▪ Tax Filing: 1099 vs K1 reporting
TODAY’S OPPORTUNITY
▪ We expect loan covenants and structure to revert to early-cycle levels ▪ Bank dislocation resulting in funding opportunities with strong sponsorship groups
Product Material
Firm Overview
Pender Capital Management, LLC ("Pender") is a leading alternative investment manager founded in 2015. Pender originates and services short term Commercial Real Estate loans secured primarily by 1st-lien positions of the underlying real estate as collateral with a focus on the lower middle market.
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An investment in Pender Real Estate Credit Fund CLASS I1 - PNDRX (the “Fund”) is subject to various risks. Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. Before investing, carefully read the prospectus, which can be obtained by clicking the prospectus link above or by calling 310.853.8001 or email at IR@pendercapital.com. An investment in the Fund is subject to a high degree of risk.
FLX Networks is a Promoter, as defined by the Marketing Rule – Rule 206(4)-1 under the U.S. Investment Advisers Act of 1940, of the investment products contained herein. For such promotion, FLX Networks is compensated between 5% and 50% (annualized) of the net management fee of the respective investment products on assets raised/serviced by FLX Networks. FLX Networks is not a client of any of the investment advisers promoted herein.