MaxCap closes 11 structured finance transactions in 10 weeks

MaxCap reported another strong quarter for its investment management arm, lending in excess of A$110m across a range of marquee real estate construction projects and core asset investments in capital cities, predominantly along the eastern seaboard cities of Sydney, Melbourne and Brisbane.

Of note in this transaction wrap was a 2nd mortgage facility totalling $A8.8m for a land acquisition for a 220 apartment site in Waterloo, Sydney and a 2nd mortgage investment facility of A$13.7m for a major 5 star hotel in Melbourne, raised within a record two weeks. The other nine transactions comprised structured finance (mezzanine and preferred equity) debt facilities.

MaxCap is seeing increased opportunity for land acquisition funding as banks retract further down the risk curve following significantly tougher capital adequacy requirements imposed by APRA, Australia’s Prudential Regulation Authority.

Through its bespoke real estate finance solutions, MaxCap continues to create lasting value for its borrower clients.