New facility aims to meet rising demand for short-term property financing
Alternative asset manager iPartners has unveiled a new $100 million property warehouse facility to address rising demand for short-term property financing.
“We are seeing strong demand for high-quality property investment opportunities, particularly in the current market environment,” said Harry Hyslop (pictured above), head of real estate at iPartners. “This new warehouse facility will allow us to continue providing our clients with access to attractive risk-adjusted returns in the Australian property market.”
The move comes after the company’s previous warehouse facility was oversubscribed in a short period.
The firm has recorded notable growth in its capital markets division, generating over $200 million in deal flow in the past eight weeks. iPartners focuses on structuring financing solutions for a broad range of property transactions, including luxury residential developments, commercial property deals, and land development projects.
Recent luxury residential deals include a $41.1 million loan for the aggregation of two luxury homes in Hawthorn, featuring a 12-month term and a 70% loan-to-value ratio (LVR). In addition, the company provided a $16 million refinancing loan for a luxury home in Bronte, with a 24-month term and a 50% LVR.
In the commercial sector, iPartners offers funding for various property classes such as bridging finance, residential assets, residual stock, land banks, and transitioning commercial assets. The company also supplies customised financing solutions for land subdivisions and development projects.
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