Neo-realty investment platform MYRE Capital on Friday announced the launch of its latest structured debt investment opportunity in Hyderabad for accredited investors. The investment will be in the form of high-yielding lease contract discounting, secured by solid collateral and lease rental receivables from blue chip tenants such as Clarinet and iLenSys in Gachibowli, the company said in its statement.
Minimum investment size is 15 lakhs with 13% Target Internal Rate of Return (IRR).
“This product has been launched under MYRE’s new lease-contract discounting investment vertical, offering first-of-its-kind alternative real estate investment opportunities,” MYRE said in its statement. The operator for this property is Scooters Global Pvt Ltd, which already manages over 6 lakh sq ft in India.”
“We aim to provide complete transparency and security to our investors hence the entire principal and interest will be paid back to the investors within the lock-in period of the lease contract. We see immense appetite and growth potential for neo-realty products in India and we aim to grow this vertical to Rs 350 crore by the end of next year. We are looking forward to offering multiple products in the real estate sector on the table for our investors to diversify their portfolios,” said Aryaman Veer, Founder & CEO, MYRE Capital. Working on getting it.
In lease rental discounting products, the investment period is kept shorter than the lock-in period for sub-tenants so that the returns of the investors are protected. Monthly rent is collected in the escrow account and the first disbursement is made to investors. MYRE said that with a 13% target IRR, this framework presents a compelling risk-return proposition, providing accredited investors unprecedented access to differentiated opportunities in the commercial real estate sector.
To begin with, MYRE Capital will operate the vertical offline and intends to transition it online in the next quarter.
With a view to mitigating the risks for the investors, MYRE Capital has also asked the operators to provide overarching guarantees. “This means that if on the 12th of any month, the funds in escrow for whatever reason are not sufficient to cover the principal + interest payments to the investors, the operator has an obligation to pay the difference by the 15th of the month.” Month,” the company explained.