Pender Capital Management (PCM) manages the Pender Real Estate Credit Fund, which focuses on private commercial real estate debt, and the PC ABL SMA 1, L.P., a co-investment fund. PCM aims to capitalize on the demand for short-term loans by identifying real estate transactions that traditional lenders cannot complete. PCM's investment advice is tailored to the investment objectives and restrictions outlined in each client's offering documents.
Fee Structure
PCM is compensated for investment management services through management fees, a share of investment cash flow above a certain level, underwriting and origination fees, and loan servicing fees. PCM receives an annual management fee equal to 1.25% of the non-affiliated partners’ percentage of net drawn capital, paid quarterly in advance. This fee is reduced by the non-affiliated partners’ percentage of any transaction fees received by Pender during the preceding quarter.