Given current market conditions and the belief that investment opportunities arise on a regular basis, FYNSA is in the process of structuring a new investment initiative. The FYNSA Real Estate Debt Fund is a short-term investment vehicle, utilizing structures that may utilize leverage and be backed by real estate assets as collateral, with insurance policies also available for certain structures that require them, thereby creating a protected investment backed by strong collateral such as real estate guarantees.

Chile is currently experiencing political uncertainty due to a series of elections that are causing market volatility; therefore, a portfolio of private structures with low correlation to traditional assets appears to be an attractive investment opportunity. Furthermore, the rise in construction costs due to the pandemic, the tightening of bank financing under Basel III, and the economic crisis we have been experiencing recently all reinforce the investment opportunity in this type of alternative asset, whose guarantees carry a lower risk of default and offer an attractive return, reaching a target IRR of 10% nominal net of fees, financing, taxes, and other expenses, in addition to short-term liquidity, providing quarterly cash flows to investors starting in the 13th month. The target size of this fund is UF 500,000 over a 30-month term -month term, with a 12-month investment period, offering significant premiums over traditional fixed-income investments with equivalent terms.