Flexible, Competitive Pricing in CRE debt

Strength, resilience, foresight.

As a trusted commercial real estate investment manager, Pallas Capital is strategically positioned to provide borrowers with bespoke finance solutions and private investors with access to the growing alternative asset class: Commercial Real Estate (CRE) debt.

New Zealand borrowers need greater access, flexibility, and competitive pricing in the CRE debt marketplace. Pallas delivers all three. As our track record shows, we specialise in developing innovative credit solutions that meet the evolving needs of our borrowers, all overseen by our exceptional team of underwriters and loan managers.

$4.8b
Loans settled since inception
$218m
Loans settled in NZ FY 23/24
$2.2b
Current Loan Book
Helliers Bay Road, Auckland
Mount Eden, Auckland
Sydenham, Christchurch
Upper Hutt, Wellington

Product Details

Pallas Capital NZ provides loans to quality borrowers seeking a reliable and commercial credit process. We currently offer four primary lending products with a focus on the Auckland, Christchurch, Hamilton, Tauranga, Wellington, and Queenstown property markets. Other locations are considered on a case-by-case basis. With a strong mid-market lending focus, our funding is typically for loans up to $20 million.

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Sydenham, Christchurch10
Residual Stock
Current Interest Rate
From 10.75% p.a.
Security Type
Residential, commercial & industrial security
Loan Purpose
Refinance / equity release
Minimum Loan Amount
$1 million
Maximum Loan Amount
Up to $10 million. POA > $10 million
Maximum LVR
65% of the “as is” value (excl. GST), of each individual security property on a First Mortgage basis
Maximum Loan Term
18 months
Repayment Type
Interest only
Application Fee
From 1.50% of the loan amount
Mount Eden, Auckland11
Investment
Current Interest Rate
From 10.75% p.a.
Security Type
Residential, commercial & industrial security
Loan Purpose
Purchase, refinance & equity release
Minimum Loan Amount
$1 million
Maximum Loan Amount
Up to $10 million. POA > $10 million
Maximum LVR
70% (excl. GST) on a First Mortgage basis
Maximum Loan Term
24 months
Repayment Type
Interest only
Application Fee
From 1.50% of the loan amount
Helliers Bay Road, Auckland
Investment (Development Potential)
Current Interest Rate
From 11.45% p.a.
Security Type
Residential, commercial & industrial security
Loan Purpose
Purchase, refinance & equity release
Minimum Loan Amount
$1 million
Maximum Loan Amount
Up to $10 million. POA > $10 million
Maximum LVR
65% of the “as is” highest and best use value on a First Mortgage basis
Maximum Loan Term
18 months
Repayment Type
Interest only
Application Fee
From 1.50% of the loan amount
Vacant Land
Current Interest Rate
From 11.45% p.a.
Security Type
Vacant land for future developments
Loan Purpose
Purchase, refinance & equity release
Minimum Loan Amount
$1 million
Maximum Loan Amount
Up to $5 million. POA > $5 million
Maximum LVR
50% of the “as is” value, on a First Mortgage basis, up to 65% on a Second Mortgage basis
Maximum Loan Term
18 months
Repayment Type
Interest only
Application Fee
From 1.50% of the loan amount

Recent Transactions

Pallas Capital NZ had a successful financial year since June 2023, recording over $218 million in new loans settled across various transactions. A testimony to our growing presence in the New Zealand market.

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Sydenham, Christchurch10
Residual Stock Loan – Sydenham, Christchurch
Loan Amount
$5.1 million
LVR
70% of the “As is” value
Term
12 months
Mount Eden, Auckland11
Investment Loan – Mount Eden, Auckland
Loan Amount
$5.4 million
LVR
70% of the “As is” value
Loan Purpose
12 months
Helliers Bay Road, Auckland
Pre-Development Loan – CBD, Christchurch
Loan Amount
$18.8 million
LVR
65% of the “As is” value
Loan Purpose
6 months
Upper Hutt Wellington
Investment Loan – Upper Hutt, Wellington
Loan Amount
$11.1 million
LVR
56% of the “As is” value
Loan Purpose
12 months

Speak to one of our loan originators
to see how Pallas Capital can assist
you or your customers.

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To speak to one of our Directors about how Pallas Capital can
assist you or your customers, please provide your contact details below.