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The specialist financier in CRE debt has announced an expansion of its origination team, in the latest development of the company’s growth.
Commercial real estate (CRE) financier Pallas Capital has announced that its origination team has more than doubled in size, now consisting of 14 members.
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According to its group executive – origination, Jason Arnold, this expansion reflects Pallas Capital’s dedication to enhancing its commercial real estate lending solutions for an increasingly extensive broker network across Australia and New Zealand.
Arnold highlighted the significance of this expansion: “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.”
The recent hires include David Wang and Bruno Antonino as associate directors in Melbourne, Davide Bini as associate director and Lachie Davidson as associate in Sydney, and Andrew Priest and Martin Shepherd as associate directors in Auckland.
Arnold said: “We take pride in our dedication to consistent and high-quality service. Strengthening our relationships with brokers and building long-term trust are crucial aspects of our growth strategy. Our expanded origination team will be instrumental in achieving these goals.”
This team expansion comes on the heels of Pallas Capital reaching a milestone of $2 billion in funds under management (FUM). Notably, nearly 80 per cent of the firm’s loans originate from the broker channel.
The growing significance of non-bank lenders in the commercial real estate sector is reflected in recent data from Knight Frank, which reports over $14.8 billion of private capital invested in Australia’s commercial market.
Arnold pointed out that CRE debt offers the security necessary for lender confidence while providing flexibility appreciated by investors, as projects are assessed on an individual basis.
“The increasing interest in CRE debt not only provides a valuable diversification tool for investors but also presents brokers with a unique opportunity to diversify their revenue streams,” he said.
“By offering a broader range of financial products and services, brokers can better meet their clients’ evolving needs and capture a larger market share.”
The rise in brokers writing commercial loans is supported by the latest report from the Mortgage and Finance Association of Australia’s (MFAA) Industry Intelligence Service Report. Arnold said that with more brokers entering this segment, the demand for ongoing education is intensifying.
“Our specialist team is well-positioned to assist brokers with CRE debt expertise and help them navigate complex transactions that other market players might not be able to handle,” Arnold said.
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