Mezzanine finance on the comeback in commercial property

Mezzanine finance was once a common part of the broker’s arsenal of products, but has taken a backseat in recent years as Big Four lenders shied away from apartment and unit development deals. “Mezzanine finance, or second mortgage, are debt instruments that exist in capital stacks that are most often used in project financing, but […]

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Mezzanine finance back in favour as residential presales surge

According to commercial finance intermediary Stamford Capital, mezzanine and traditional bank financing arrangements are emerging as key trends in real estate debt capital in the commercial property sector, as developers return to trading bank lenders and incorporate mezzanine finance in their development finance stack. To read the full article from the Australian Property Journal Click […]

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Cheaper mezzanine funding on the cards for developers

The resurgent housing market has delivered a double boost to residential developers in the form of cheaper debt as banks look to partner again with mezzanine lenders. To read more of the article in the AFR Click here.

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Mezz is back…

Mezz is back…tell your friends! Mezzanine finance is back, for real. We’ve recently closed two mezzanine loans and have seen an uptick in inquiries for this capital type, which for the last few years has remained dormant. This is an interesting shift in market and perhaps an indicator of where we expect to see activity in […]

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New Year Update

Happy new year all. Appreciate we’ve all been getting a lot of New Year emails regarding the unprecedented 2020 year that was… but here is our take out from a commercial real estate capital perspective following our regular updates during the COVID outbreak: Key Points: We’ve never seen more alternate capital in market, perhaps non-bank […]

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The impacts of COVID-19

The coronavirus pandemic has shifted the way banks and non-banks are looking at lending. To read more of the feature in Mortgage Professional Australia click here.

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October 2020 Outlook

To say the world has changed since our past article would be an understatement. Clearly there is total media saturation on what has to be one of the globe’s worst health crisis in history and its ramifications on both human and economic functions. In our last paper, we had communicated and forecast cash rates to […]

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Real Estate Debt Capital Markets Survey 2020

In early 2020 the real estate debt capital market was quietly optimistic. By January, the residential market had recovered almost all of the losses suffered between 2017 and 2019. Most lenders were looking for new opportunities to reduce their loan books, with 87% expected to maintain or loosen their investment credit criteria. And then COVID-19 […]

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Non-Bank Lenders Seize Resurgent Loan Appetite

Non-bank lenders are leading the charge to capture emerging capital flowing back into the property market as investors emerge from the depths of the Covid-19 crisis, financier Stamford Capital says. According to a survey of 100 lenders conducted in August, lending activity is projected to remain stable, with 70 per cent of respondents expecting major […]

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Non-Banks drive surge in real estate funding liquidity

A fresh wave of capital has poured into real estate debt markets in the post-COVID-19 age, according to a survey of 100 lenders, and non-banks are leading the charge to fund investors and developers. More than 70 per cent of the banks, non-banks and private lenders surveyed in August by mortgage originator Stamford Capital said […]

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‘Gold Brick’ Bias Creates Niche for Non-Bank Lenders

Liquidity is more important than pricing and wherever there is liquidity, there is a deal that can be done. Click here to read the full article from The Urban Developer.

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The Office is Dead…Long Live the office

I’ve had several conversations over the last three months about offices being a relic of a pre corona world. There is little doubt that the office and the purpose of an office will change. The likely changes include greater flexibility for teams to operate at home or from the office. Modern businesses will adjust here. […]

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Loan product alert – June 2020

We rarely lead with price but Stamford has capital allocation that is both unique and highly competitive, notables as follows: Lender: Bank Type: Investment Debt Facility Loan size: $7,500,000+ LVR: Up to 65% Interest Rate: ~2% all in Subject to the Banks’ credit assessment policy and conventional loan covenants for a facility of this nature. […]

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2020 Residential Market Outlook

Thanks to Colliers International for hosting and inviting Stamford to take part in the 2020 Residential Market Outlook Webinar alongside Ethos Urban. To see the full presentation on the 2020 Residential Market Outlook during and post COVID-19 click here.

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Stamford Snapshot: 6th edition

Following on and an update from last Wednesday. Our key observations over the last week: The market appears to have definitely shaken lose who remains at play in the non-bank space. We are surprised on the upside at the depth of capital available, both for existing assets and development. Should also mention residual stock, like […]

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Stamford Snapshot: 5th edition

Following on and an update from last Wednesday. Our key observations over the last week: Demand for debt capital continues to subside, in particular for development/project finance. We have terms issued and agreed on our first structured deal post COVID, a staple of senior and two separate junior positions. The capital here from an Asian fund………some […]

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Stamford Snapshot: 4th edition

Following on and an update from last Wednesday. Our key observations over the last week: We are seeing and doing genuine post COVID deals now, giving us and our clients the benefit of real time risk and pricing benchmarks.  The bias here being reduced risk/gearing with increased pricing, happy to take calls to talk about particular […]

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Stamford Snapshot: 3rd edition

Following on and an update from last Wednesday. Our key observations over the last week: Continued bias in tightened availability of debt capital and those lending taking less risk and wanting greater return, the later in particular for the non-bank market. Demand for debt capital has fallen materially with the bulk of our origination in […]

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Stamford Snapshot: 2nd edition

Following on and an update from last Wednesday. Our key observations over the last week: The bias remains to debt capital tightening, in particular we have seen some non-banks tighten credit criteria or pause lending rather than price for risk. That said we remain encouraged by the amount of debt capital remaining at play for […]

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Stamford Snapshot

Given the extraordinary and dynamic times in which we currently exist, Stamford will provide weekly short form updates on debt capital for Australian real estate investors and developers via email, LinkedIn and Twitter feeds. We promise to wind back output once markets stabilise. We also intend to re-run our annual Debt Capital Markets survey later in […]

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Your Certainty in Commercial Property Capital

Stamford Update Well it’s been the most remarkable couple of weeks of most of our careers. We hope that you are all healthy and safe. Stamford made the decision to send our people to work from home last Monday 16th March. We have systems that are secure and cloud-based so we transitioned to full productivity […]

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Loan product alert – December 2019

Christmas Special – No presale construction finance at 60% LVR We currently have access to funds for high leverage, no presale construction funding. Guidelines: Loan amount up to $25m Interest rate less than 10% No line fee All metro locations Quick turnaround time Contact us now for a term sheet this side of Christmas. Hit […]

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November 2019 Outlook

The recurring theme from the Governor of the RBA is that interest rates will remain low for some time to come. He continually reiterates this theme through the monetary policy statements and other channels. This is as a result of low global interest rates. The questions and uncertainty that becomes apparent from here on is […]

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Loan product alert – October 2019

Construction finance up to 85% LTC from 6.95% p.a. We currently have access to funds with appetite for low presale, high leverage construction transactions with pricing from 6.95% p.a. Guidelines: Up to 85% LTC Up to 72% LVR Low presale hurdle from 45% debt cover Transactions up to $30m All major metro areas Exlusive product […]

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Loan product alert – Sept 2019

Up to 75% LVR under 5% p.a…no way! We have recently seen a significant shift in the non-bank capital market with compression of non-bank rates trending downwards towards traditional banking pricing for investment debt. Lender: Non-Bank; – Loan size: from $1M up to $7.5M; – LVR: up to 70%-75%; – Interest rate: 4.70%-5.10%; and – […]

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