P R O P E R T Y
We have developed buildings directly, while also acting as a trusted capital partner with developers and property owners to delivered strong investment returns.
We take an entrepreneurial approach to partnering with investments made across the capital structure, including senior debt, mezzanine debt, preferred equity and equity.
As evidence of the Group’s approach, we have developed enduring working relationships with owners and developers which ultimately maximise returns for all stakeholders, balanced by a disciplined approach to governance and risk mitigation.
First Mortgage
We can provide first mortgage funding, however, do not provide construction funding
Mezzanine Debt
We provide mezzanine debt funding for property developments and property investment assets
Preferred Equity
We partner with developers to provide preferred equity for their projects and assets
Equity
We can partner with our most strategic clients with equity contributions
Investment Criteria
We will consider capital opportunities where they fall within the following investment criteria:
Loan Size
<$3 million per transaction
Term
6 months to 24 months
Asset Class
Residential
Commercial / Office
Purpose
Land acquisition
Development
Residual stock
Current Investments
2 Foster Street, Surry Hills, NSW
Commercial property development
Commonly known as the "Hollywood Hotel", this art deco building is located on the corner of Foster and Campbell Streets in Surry Hills, and only minutes to Central Station. Formerly owned by the late Doris Goddard, the pub is regarded an icon of the Sydney hospitality scene. Since its acquisition in June 2021, the Hollywood Hotel has re-opened its doors to customers, with plans to refurbish levels two and three.
94-96 Soldiers Road, Freshwater, NSW
Residential property development mezzanine debt
Partnering with a local developer, this development was in Freshwater, a seaside suburb on Sydney's Northern Beaches. The Petersen Group provided mezzanine finance to assist with the acquisition of the land and remained a capital partner until the project was completed ~18 months later.
120-122 Edenholme Road, Wareemba
Residential property development preferred equity
This property is located in Sydney smallest suburb, and is only 10km west of the Sydney CBD. Acquired in one-line with DA and CC approval, we partnered with the Sponsor to revamp the existing building and add a level with two penthouse apartments. As the project neared completion, the Sponsor refinanced and undertook an equity buy-back.