Financiers step in as banks slow property lending
6 April 2017
Qualitas’ CFO, Kathleen Yeung, told a Property Council of Australia forum that there is a shortage of debt capital for residential development.
Commenting on the reduction in lending by banks, she said, “It’s as bad as, if not worse than, the financial crisis. The bank debt pull-back is leaving significant holes in capital structures.” However, this has created opportunities for Qualitas, and Ms Yeung says that “the picture for alternative financiers is very positive”. Click here to read the full article in The Australian Financial Review.