New $480 commercial lending fund opens
ByPrivate group Chifley Securities has entered the non-bank finance lending field, aimed at the commercial property market, with an initial lending pool of $480 million.
Backed by Dominic Lambrinos and the principals of Nationwide Capital, Domenic and Joe Morello, the new company will offer loans to investors in commercial property from $2 million to $30 million.
The founders say it will be a similar service to that offered to residential investors by Aussie Home Loans.
Mr Lambrinos, who has about 32 years of experience in finance and is the owner of EasyBiz Finance, said Chifley would offer attractive commissions to brokers who brought deals, while financing costs would range from 8.5 per cent to 12 per cent a year…
New $480 commercial lending fund opens
