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Category: Banking & Finance

  • Filling the Funding Gap

    5 October 2017

    We are seeing the effects of major trading banks pulling back from financing the property development sector. This change is occurring for various reasons. International banking covenants need to be observed. The level of exposure to this sector, which may have peaked, is also a factor.As a result, there is greater demand for other first mortgage and mezzanine finance. Demand is now exceeding the local supply. Non-bank lenders can pick and choose their deals, leaving a number of good opportunities ...