CMBS

The manager believes that the dislocation in the commercial real estate market represents a historic opportunity to acquire CMBS bonds at significant risk adjusted yields. AAA CMBS is currently yielding more than riskier debt and equity investments. The experience of Hayden Harper Perpetua Capital creates a unique team to capitalize on this opportunity.

  • The partners' background, CMBS market experience and commercial real estate knowledge enable effective evaluation of CMBS pools all the way down to the property level.
  • Unlike some other investments, CMBS has a significant amount of property level data available.
  • The largest barrier to entry lies in the cost of analyzing potential investments, both from a technology and experience viewpoint. Perpetua is able to efficiently comb through the data to facilitate positive investment decisions.
  • Perpetua re-underwrites every underlying loan in its portfolio using updated financials, forecasted net operating income projections, and forward-looking appraisal estimates on each property.