Sydney, 31st January 2023 – Foresight Analytics’ assigns ‘Very Strong’ Operational Due Diligence (ODD) rating to RMBL Investments Limited.

Foresight Analytics & Ratings has assigned a ‘VERY STRONG’ Operational Due Diligence (ODD) Rating to Melbourne-based RMBL Investments Limited (RMBL).  

Foresight Analytics & Ratings’ ODD rating assesses the capacity of an operating entity, special-purpose vehicle, or asset manager to effectively undertake its defined role of managing the operational risks relating to a pool of financial, physical or digital assets.  

RMBL, in its role as the Responsible Entity for the scheme, has achieved an Operational Due Diligence (ODD) rating of ‘Very Strong.’ Our assessment is based on RMBL’s track record of delivering target returns, its highly experienced management team, and its investment to support scalability and growth in the business.  

An ODD rating of ‘Very Strong’ reflects the very strong capability of an operating party to perform its operational role and assist the issuer or fund in meeting financial obligations in a timely manner. Furthermore, the operating party reflects a very strong capacity which is supported by very strong and reliable operational capabilities across the range of areas reviewed by Foresight. 

RMBL is owned by RMBL Holdings Pty. Ltd., a private company owned by Colin Madden (Managing Director; Chairman of the board).  RMBL’s key business is as a contributory mortgage investment management, offering institutional and retail investors the opportunity to invest in loans secured by first-registered mortgages over legal interests in real property in Australia.  

RMBL is the Investment Manager for the RMBL Mortgage Income Investments Scheme (the ‘Fund’) and is responsible for administration and third-party outsourcing services. RMBL holds an Australian Financial Services Licence (AFSL). Under the terms of RMBL’s AFS Licence, RMBL is the RE of the Fund and is authorised to issue interests in the Fund.  

Since the Fund launched in 2002, it has delivered consistently attractive risk-adjusted returns and has weathered the recent COVID19 pandemic well. RMBL also maintains benign levels of defaults and has experienced steady growth in assets under management (AUM) and funds under management (FUM) since it was established. RMBL’s outlook and opportunities for growth within the commercial lending market in Australia are positive based on the firm’s competitive advantages and the withdrawal of major banks from the domestic, commercial lending market and an increase in capital inflows. In the past, most of the loan capital was sourced from investors with long-standing relationships with RMBL. RMBL has recently increased its strategic focus on marketing and branding to source new clients in line with the Fund’s growth strategy. 

Foresight Analytics’ analyst, Adam Taxakis, said that ‘RMBL’s performance has been strong, consistent and in accordance with the Fund’s constitution, boasting assets under management of over $1.65 billion”. He further added that “RMBL also enjoys a positive future outlook in terms of growth opportunities within Australia’s commercial lending market.’’   

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