“Real estate finance specialist Newground Capital Partners continues to fund projects – it recently provided a $19 million junior secured finance facility (alongside senior lender NAB’s $49 million) for an $82 million retail project on the Gold Coast.”
However, Newground managing director Daniel Erez said he knew of many financiers who were having to pull out of deals due to investors pulling their commitments to fund.
“We are already witnessing margins increase as a result of the reduction in competition,” Mr Erez said.
Read the full article here: https://www.afr.com/property/commercial/commercial-property-market-grinds-down-20200324-p54dfu
About Newground Capital
Newground Capital Partners are real estate debt & equity partners. The company invests across all sectors of real estate development alongside proven sponsors who require additional capital to grow and execute their project pipeline. Newground provides investors with access to off-market proprietary deal flow, genuine alignment of interest via co-investment, combined with years of experience and a proven track record.