Disciplined Lending. Strategic Growth
Explore Ellerfield’s private credit investment strategy, focused on capital preservation and risk-adjusted returns.
Investment Strategy Overview
The Ellerfield Private Credit Fund follows a disciplined, data-driven investment strategy focused on senior secured real estate lending.
Our mandate is to:
- Preserve investor capital
- Generate stable, risk-adjusted returns
- Provide direct lending to high-quality real estate developers
Senior Secured Lending Approach
The fund primarily originates and manages senior mortgage loans secured by Australian real estate assets. Each loan is registered with a first mortgage over land or developed property, and typically maintains:
- A maximum loan-to-value ratio (LVR) of 70%
- A weighted average LVR target of 65%
- Recourse to borrower and personal/corporate guarantees when appropriate
Geographic Focus
Our lending strategy is concentrated on projects located along the east coast of Australia, specifically within high-demand, metropolitan and peri-urban growth corridors.
Current geographic focus includes:
Brisbane and
Southeast Queensland
Greater Melbourne
Sydney and surrounding
regional hubs
Loan Types and Sizes
We focus on financing mid-sized developments with proven feasibility, strong borrower backing, and realistic timelines.
Typical loan characteristics include:
Construction Loans
Average facility size of $40 million; up to 30-month terms
Non-Construction Loans
Average size of $15 million; including refinance and residual stock
Other Loan Structures
Bridging finance, acquisition loans, and residual debt recapitalisation
Annual Portfolio Review
Our portfolio composition and sector focus are reviewed annually by the Investment Committee and governance team. Adjustments are made based on:
- Economic and market cycle data
- Shifts in developer activity and demand
- Credit performance and risk-weighted exposure
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Opportunities in new real estate subsectors
(e.g. BTR, logistics, mixed-use)