The PIR Security Rating system is applied to debt based property investments such as mortgage and mezzanine funds and debenture or note offers (secured or unsecured). It assesses a range of risk/return factors associated with the funds as well as the ability of the manager to manage arrears and defaults.
To produce a ratings report, PIR utilises a rigorous system based on an enhanced evaluation model, a comprehensive review of due diligence material and offer documentation, property inspections where appropriate, specialist interviews of management and a compliance review.
"As we move into a climate where ratings are a significant differentiator between finance companies, it is pleasing to see Bridgecorp achieve another consistent result from a respected and established ratings organisation," Bridgecorp managing director Rod Petricevic said.
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