Australia’s non-bank finance sector is significantly shaping the property development industry, providing much needed liquidity in a time of constrained capital.

The sector is large and fragmented with established funds, family offices, high-net-worth individuals, investment banks, superannuation funds, financiers and brokers providing senior debt, mezzanine funding, preferential equity and direct equity.

Non-bank financiers tend to operate according to a mandate that considers a range of factors including development location, property sector, project scale, stage and type as well as funding type.

In recent years, property fund manager Trilogy has built its construction portfolio to more than $400 million by providing short to medium-term construction and investment loans to developers of residential, commercial and industrial projects.

Trilogy specialises in construction loans ranging from $3 million to $20 million for developments such as apartments, townhouses, land subdivisions, commercial buildings and house and land packages.

“With a focus on smaller projects, we are able to mitigate risk for our 15,000 direct investors,” Trilogy head of lending Clinton Arentz said.

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