Pallas Capital is pleased to announce the significant expansion of our Origination team, marking a new chapter of growth and development for the business.
The team has more than doubled in size to 14 members, underscoring Pallas Capital’s commitment to providing tailored commercial real estate lending solutions to our growing broker network across Australia and New Zealand.
Jason Arnold, Group Executive – Origination commented:
“Our team provides specialist credit knowledge and tailored lending solutions, along with local support for our broker partners and aggregator partners. Over the past year, we’ve strategically expanded our team with individuals who each bring a wealth of experience in property finance and commercial banking, to deliver exceptional service.”
Key hires include in Melbourne, David Wang and Bruno Antonio as associate directors; in Sydney, Davide Bini as associate director and Lachlan Davidson as associate; and in Auckland, Andrew Priest as associate director and Martin Shepherd as associate director.
“At Pallas Capital, expertise is at the core of what we do, and we pride ourselves on our dedication to providing consistent and high-quality service,” Arnold says.
“Forging closer ties with brokers and building long-term relationships based on trust and delivering exceptional results are core components of our growth strategy. Our expanded origination team will play a pivotal role in delivering on our strategy.”
The expansion comes on the heels of the firm hitting the significant milestone of $2 billion in Funds Under Management. Nearly four in five (79%) of Pallas Capital loans originate from the broker channel.
Diversification opportunities in CRE debt
Non-bank lenders are rising as crucial providers of CRE debt, with over $14.8 billion of private capital invested in Australia’s commercial market, according to Knight Frank’s latest report.
Arnold says CRE debt provides the security required for lender confidence, while investors appreciate the flexibility offered by non-bank lending, with projects assessed on an individual basis.
“The growing appetite for CRE debt not only provides a valuable diversification tool for investors but also presents a unique opportunity for brokers to diversify their revenue streams,” says Arnold.
“By facilitating a broader range of financial products and services, brokers can cater to the evolving needs of their clients and capture a larger share of the market.”
The number of brokers writing commercial loans is increasing, according to the Mortgage and Finance Association of Australia’s latest intelligence Service Report.
Arnold says that with more brokers taking on this part of the market, the need for ongoing education is only growing.
“Our specialist team is perfectly positioned to support brokers with CRE debt expertise and help them to find solutions for complex transactions that others in the market simply can’t cater to.”
To browse our lending or speak to one of our loan originators, please visit: https://www.pallascapital.com.au/lending-opportunities/