Property News · July 29, 2019

Non-banking lenders step in to meet Australian property market’s funding requirements


Australia’s property market is seeing nonbank debt providers step in to plug a hole in funding left by big banks, whose lending is being hobbled by increased regulatory pressures and higher capital requirements.The pullback by banks leaves a gap in funding needs that is expected to increase to A$50 billion (US$35 billion) by 2023, according to MaxCap Group, an Australia and New Zealand commercial real-estate debt specialist. Melbourne-based MaxCap has more than A$2 billion of deals that it will…

Source : South China Morning Post
Read more…Non-banking lenders step in to meet Australian property market’s funding requirements