Commercial real estate (CRE) investment manager Pallas Capital has joined the PLAN/Choice/FAST (PCF) and Loan Market lender panels. The partnership will enable Pallas Capital to offer brokers tailored lending solutions alongside excellent speed to market.
“It is great for Pallas Capital to join the PCF and Loan Market lender panels. We look forward to assisting brokers in all these aggregator panels with our suite of products, aimed at commercial and construction property lending. We will be offering brokers lending solutions that are tailored to their customers’ needs, with our five core loan products: investment term debt, pre-development, construction, residual stock and vacant land loans,” says Steve Lawrence, Executive Director – Lending, Pallas Capital.
He adds, “At Pallas Capital we pride ourselves in being commercial and flexible, from negotiating LVRs in our first and second mortgage loans, to nil to minimal pre-sales for our construction loans. It has been great to catch up recently with a number of the PCF brokers at the recent Brisbane, Melbourne, Sydney and Adelaide commercial conferences held by PCF, not only meeting brokers we already have strong relationships with, but also new brokers that we have not dealt with before. We look forward to helping them meet the needs of their borrowers.”
Pallas Capital is one of the fastest growing structured property investment arrangers in Australia, offering brokers and developers lending solutions that are tailored to their needs. The investment manager makes commercial real estate loans secured against non-specialised property assets with values between $1 – $50 million in major metropolitan areas.
Pallas Capital also offers participation in those loans to its wholesale investors, providing fixed or variable rate returns ranging from 6% p.a. in the Pallas Short Term Fund to 7% to 8% p.a. (first mortgages), 11% for the High Yield Fund (First and Second Mortgages) and up to 13% p.a. for preference equity investments. Pallas Capital’s loans and other investments are supported by robust due diligence on each borrower and the security property, a realistic and multi-faceted exit strategy, and active management of all investments by the Pallas Capital team throughout the term.
Pallas Capital and developer Fortis comprise Pallas Group, a business that provides specialist investment, lending and development solutions in the boutique property market in Australia.
For more information and details about Pallas Capital’s product, visit pallascapital.com.au
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