Allaria Lendar Fondo Común de Inversión Cerrado de Créditos (BYMA: ALLLF) is an Argentine closed-end credit mutual fund specializing in the origination, financing, and management of private US dollar-denominated residential mortgage loans. Managed by Allaria Fondos Administrados S.G.F.C.I. S.A., an asset management entity established in 2007 under the Allaria financial services group (founded in 1968), and headquartered in Buenos Aires, Argentina, the fund operates within the structured finance and real estate debt sectors. The fund connects capital markets with the housing sector by offering a systematic suite of financial and credit products and services, including: long-term US dollar residential mortgage loans for residential property acquisitions; closed-end fund share units (cuotapartes) generating yields for institutional and retail investors; proprietary credit risk assessment, applicant underwriting, and solvency screening; comprehensive loan servicing, coupon collection, and principal amortization management; collateral administration and first-degree mortgage lien monitoring; and secondary market trading mechanisms on Bolsas y Mercados Argentinos (BYMA). The fund conducts its operations throughout Argentina, serving prospective residential home buyers, individual retail investors, family offices, and institutional fund managers. In recent major developments, the vehicle secured regulatory authorization from Argentina's National Securities Commission (Comisión Nacional de Valores - CNV) to launch a public financing program targeted at mobilizing up to USD 100 million in mortgage credit; established an operational and origination alliance partnering loan originator Lendar S.R.L. with the extensive real estate brokerage network of RE/MAX Argentina; appointed Banco Comafi S.A. to serve as the fund's independent depository and custodian bank; and commenced public quotation and secondary market trading of its investment units on BYMA under ticker symbols ALLLF and ALLFD to broaden liquidity access in the reviving private mortgage market.