Leading Australian specialist commercial real estate (CRE) lender, Pallas Capital has announced a significant reduction in its commercial rates, lowering them by 0.50%-0.70% across its loan portfolio. This move places Pallas Capital among the most competitive non-bank lenders in the market, furthering its commitment to providing bespoke financial solutions tailored to the specific needs of brokers and their clients.
The rate cut follows the Reserve Bank of Australia’s (RBA) decision to keep rates unchanged last week. By leveraging its strong institutional funding relationships, Pallas Capital is able to offer competitive loan structures that align with market demands.
Earlier this year, Pallas partnered with Ares to create a $450 million facility dedicated to CRE borrowers, and in July, it secured new funding lines from Westpac NZ to support a NZ$360 million facility, underscoring the continued growth of its lending platform.
Dan Gallen, Pallas Capital Executive Director and Chief Investment Officer , commented:
“This rate reduction underscores our commitment to providing competitive and flexible financial solutions. Our continued growth, supported by robust institutional partnerships, enables us to deliver rates that reflect the evolving market landscape, benefiting brokers and their clients alike.”
Jason Arnold, Pallas Capital’s Group Executive of Origination further added:
“We pride ourselves on offering bespoke loan structures that are tailored to each client’s unique objectives. These rate cuts further ensure that we provide not only exceptional value but also the personalised service that Pallas Capital is known for.”
Pallas Capital’s new rate adjustments include:
Residual Stock:
Previous rate: from 9.95% p.a. → New rate: from 9.25% p.a.
Investment:
Previous rate: from 9.95% p.a. → New rate: from 9.25% p.a.
Pre-Development:
Previous rate: from 10.45% p.a. → New rate: from 9.95% p.a.
Land:
Previous rate: from 10.95% p.a. → New rate: from 10.25% p.a.
Residual Land Lots:
Previous rate: from 10.45% p.a. → New rate: from 9.95% p.a.
Pallas Capital’s decision highlights its agility and focus on providing top-tier financial solutions. The new rates are effective immediately across all applicable loan types.
To access a copy of our lending product guide or speak to one of our loan originators, please visit: pallascapital.com.au/lending-opportunities/ or email lending@pallascapital.com.au