The non-bank lender and structured property investment arranger offers brokers and developers lending solutions tailored to their needs by offering five core loan types. These are acquisition, construction, residual stock and vacant land loans, along with the flexibility to negotiate LVRs and level of pre-sales for construction loans.
Brad Gowenlock and Esther Fang have both taken on the role of partner – distribution, based out of Pallas Capital’s Sydney and Melbourne offices respectively.
Gowenlock spent 30 years working in money markets across Sydney, Tokyo, and Singapore and most recently as head of rates of Tullett Prebon Australia. Fang has extensive expertise working in fund management across the Asia Pacific and has an educational background in finance and law.
“I was introduced to the non-bank lending space by both Mark Spring and Craig Bannister, whom I’ve known for over 25 years, along with our executive chairman Patrick Keenan,” Gowenlock said.
“When the opportunity presented itself, I was excited to join the Pallas Capital team. In this role, I look forward to supporting Pallas Capital’s growth, especially by strengthening its ties with ultra-high net worth families in Asia who would be delighted to become valuable investors.”
Pallas Capital executive director Mark Spring said the non-bank lending space was forecast to grow from $18bn in 2020 to $56bn in 2025 and the property investment arrangers were hiring across all aspects of the business to meet the rising demand.
“In the two-year period from January 2020 to the present day, Pallas Group’s headcount has grown by almost 300% to service this demand,” Spring said.
“Whilst we remain focused on building our high net worth client business, this year will see a greater focus on growing our market share in the wealth planning and institutional space.”