Since its inception five years ago, Pallas Capital has enjoyed rapid growth – having underwritten over A$750 million of transactions to date. With Steve’s appointment, this number will climb sharply over the next 6-12 months.
Steve joins Pallas Capital from La Trobe Financial where he most recently served as Chief Lending Officer Commercial. Steve said that his focus at Pallas Capital will be to expand the loan book at a rapid rate, bringing high-quality service, great speed-to-market, and flexibility in assessing and delivering loans to the growing client base.
“I have been in the banking, finance and property industries in Australia for almost 40 years, and I know that relationships are at the heart of success in this business, and therefore in everything that I do.”
“Patrick Keenan and Dan Gallen have a very compelling, ambitious and well-supported vision for Pallas Capital’s business, and it was an easy decision for me to become part of the team working to achieve this vision.”
“I look forward to continuing to build on my strong relationships in the Australian lending industry to drive positive outcomes for brokers and borrowers looking to take advantage of one of the most competitive real-estate loan product ranges in the Australian market, supported by Pallas Capital’s robust lending strategy,” Mr. Lawrence said.
Dan Gallen, Chief Investment Officer of the Pallas Group, said Steve’s appointment enables Pallas Capital to expand its support of the thriving property sector in Australia.
“Steve brings deep experience, trust and industry-leading relationships to Pallas Capital’s business, and we are thrilled to have him onboard. We knew that we needed the right person to lead Pallas Capital’s lending team, and Steve’s reputation in the industry was one we could not look past.”
“At Pallas Capital, we are committed to assisting those who are under-served in the current market. The construction market in Sydney, Brisbane and Melbourne continues to grow at a fast rate, and Pallas Capital will continue to support the booming property sector in Australia through our diversified funding strategy. The certainty our lending clients have in our service and product is what drives our customer loyalty and steadily growing loan book, and I know that with Steve at the helm, the quality of our client relationships will only continue to grow,” Mr. Gallen said.
Pallas Capital provides funds for loans secured against non-specialised property assets – chiefly premium, city-fringe assets with values between $5 – $40 million in Sydney,
Brisbane and Melbourne. Its loans are supported by detailed due diligence on the borrower, a realistic and multi-faceted exit strategy, and active management of all loans by the Pallas Capital team throughout the term.
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