Mind the gap: alternative property lenders move on NZ

Mark Farrands said there's been an influx of alternative lenders. (Image: JLL)

Mon, 13 Jun 2022

Australian alternative lenders are stepping into the New Zealand property finance market, filling a void left by constricted bank lending into the sector.The unwillingness of traditional borrowing avenues to lend comes on the back of regulations instructing banks to hold more capital and as building inflation puts further pressure on the feasibility of projects. Mark Farrands, head of debt advisory with commercial real estate advisory group Jones Lang LaSalle (JLL), said this is creating a squeeze on bank lending, as banks adopt a “r...

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