Australian Real Estate Credit. When Deals Go Wrong: Lessons from Real Workouts
Please join me for a Real Estate Credit boardroom lunch where I'll be discussing why real estate loans go sideways, what actually happens — and, in my experience, what that says about downside protection.
The session will cover:
What happens when projects go wrong, in my experience, and how it's shaped our investment thesis here
The workout process, real examples from deals I've worked on
Why the same LVR and equity buffer can mean very different outcomes depending on the deal
Portfolio update and the latest stress test results
Open Q&A with the team
The session will run for approximately 45–60 minutes, including a 30-minute presentation followed by discussion.
Lunch will be provided. Places are strictly limited to maintain a small, conversational format.
This strategy is separate from the Aura Private Credit Income Fund that is managed by the Aura Private Credit team at Aura Group with an 8 year track record, independent research ratings and 9.41% p.a. annualised net return since inception (1-Aug-17)*. The MM Real Estate Credit Fund is more concentrated and focused on direct lending, enabling greater control, and subject to very different risks and liquidity profile. Investors should consider the risks.
*Returns are as at 30 June 2026, net of fees and assume the reinvestment of distributions. Past performance is not a reliable indicator of future performance
This information is for accredited, qualified, institutional, wholesale or sophisticated investors only and is provided by Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887. Aura Capital Pty Ltd is the Trustee of all the Funds mentioned and a subsidiary of Aura Group Pty Ltd.
Any financial product advice given in this email is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs. Aura does not guarantee the performance of its funds, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Aura believes that the information is reliable but does not guarantee its accuracy or completeness. Aura is not able to give tax advice and accordingly investors should obtain independent advice from an accountant and/or lawyer before making any decision based on the tax treatment of its investors. You must read the Fund Fact Sheet or Information Memorandum and seek professional advice before making a decision to invest in any of the funds.