Pallas Group has announced the launch of Pallas Capital in Great Britain.
Pallas Group manages a loan portfolio of £1.8 billion and has completed more than 1,100 loans and other types of investments worth almost £2.75 billion since 2016.
Pallas Capital’s product range in the UK includes residential, mixed use and commercial uses bridgingdevelopment exit, light and heavy renovation, vacant land and development financing.
This offering is designed to support borrowers at every stage of the real estate lifecycle, including acquisition, development, refinancing and transitional assets.
The British company is led by an experienced team, including Executive Director Ben Keenan and Chief Credit Officer Uliana Kuzmis (both pictured).
Keenan has moved from Pallas Capital’s Australian headquarters to lead the establishment of the company’s UK presence.
Commenting on the launch, he said: “The UK middle market may be busy, but too many developers and agents are still dealing with slow processes, changing credit needs and inconsistent service delivery. Pallas is built to change that.
“We are a well-funded and execution-oriented lender, with a reputation for focusing on the customer experience, and being committed to being best in class wherever we operate.
He added: “Our platform has delivered on this promise in Australia and New Zealand; we see a great opportunity to bring that standard to Britain.”