Capital Markets
Debt & Structured Finance
We deliver comprehensive, creative solutions to help finance your real estate needs, by providing an integrated service unmatched by scale.
Leveraging global scale for local results
Our team provides an integrated service with a scale unmatched in the Pacific region. We know capital intimately, but we can also strategically place and advise on it as funds flow from market-to-market across the globe. Our access to global capital sources strengthens our approach, allowing us to remain agile and help our clients realise their potential.
Creating unique opportunities
Unique to our capability is an established Loan Services platform that provides capital management enhancements to capital issuers. Our servicing capability lets our clients get results with industry leading loan management from inception to maturity.
Our Services
The Origination business delivers capital solutions to real estate investors seeking to raise debt finance or equity capital to acquire, refinance or restructure the capital stack.
Our loan servicing platform assists clients in the Asia Pacific region to maximise their income and mitigate investment risks.
We see more, so you can do more
Case Studies
REIT Portfolio
Deal Type: Senior Investment Debt
Purpose: Refinance an expiring debt tranche
Size/LTV: $100M/ 60%
Term: 7 Years
Capital Source: Offshore pension fundOffice
Deal Type: Senior Investment Debt
Purpose: Acquisition of a core office asset
Size/LTV: $64.75M/ 70%
Term: 5 Years
Capital Source: Investment BankBuild-to-Rent (BTR)
Deal Type: Senior Investment Debt
Purpose: Long-term refinance post construction of stabilised BTR asset
Size/LTV: $65M / 57%
Term: 7 Years
Capital Source: Offshore pension fundHotel/Residential
Deal Type: Development Debt & Preferred Equity
Purpose: Construction of a mixed-use asset/introduction to joint venture partner
Size/LTV: $420M/ 70% $80M
Term: 4 Years
Capital Source: Offshore fund
How can we help you?
Our experts are here to assist you.
Recent Insights
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CBRE’s H2 2023 Lenders Sentiment survey finds:
Lender investment preference continues to be dominated in the Industrial & Logistics sector, followed by Residential. Lenders have increased their caution towards Office.
Appetite for new loans over the next three months is flattish for the majority of lenders.
For new developments, there is a sizable bifurcation on pre-commitment and pre-sales by asset class:
Almost no pre-lease required for Industrial lending
>60% pre-lease required for Office assets by most respondents
Largest cohort of lenders require 80%-100% of debt funding covered by pre-sales for Residential
The cost of debt, influenced by the official cash rate and bank bill swap rates (BBSW) remains at elevated levels. Official forecasts and surveyed lenders expressed no clear consensus view as to whether rates have peaked, and their expected trajectory over the next 12 months.
Credit margin expectations normalised following H1 2023’s survey, with 95% of respondents in H2 2023 expecting <20bps movement in credit spreads over the next 3-months.
A slight increase in hedging requirements, presumably in response to recent interest rate volatility
Preferred LVR requirements remained stable around 40-60% but this may come under pressure as assets are revalued in the next 6 months
ICR requirement of 1.5x for new investment grade lending remains a preferred metric amongst lenders. There has been an uptick in respondents requiring a 1.35x ICR to support new deals. -
Commercial real estate operation and construction account for 11% of global energy usage. 1.5oc scenario requires 28% cut in property emissions by 2030. Real estate finance can pla
Contacts
Andrew McCasker
Managing Director, Debt & Structured Finance, Pacific
Matt Lawrence
Senior Director, QLD, Debt & Structured Finance, Australia
Daniel Sollorz
Senior Director NSW & ACT, Debt & Structured Finance, Australia
Duncan Caldwell
Senior Director, Victoria, Debt & Structured Finance, Australia
