AltX loan originations surpass $2 billion
November 19, 2021
November 19, 2021
November 19, 2021
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The growth of the market has provided a tremendous opportunity for investors as well, to take exposure to real-estate in a differentiated way.
Sydney, September 23, 2021: AltX has announced that the Group’s loan originations have surpassed $2 billion. Since its inception in 2012, AltX has funded more than 1,000 transactions, making it one of the largest commercial real estate players in Australia.
Via the AltX technology platform, wholesale investors Australia-wide can invest in real-time in pre-funded 1st mortgage-backed real estate loans.
Commenting on the milestone, AltX Co-CEO Steven Beinart said: “The non-bank lending market has enjoyed substantial growth over the past decade – its share of commercial property lending alone is expected to hit $50 billion by 2024. Where there was once some uncertainty around what non-bank lending could deliver, this has become irrelevant in a fast-paced market.
Borrowers value things the banks can’t always give them – and are willing to pay a premium. More and more they recognise it’s about securing funding that’s fit for purpose. Money moves in real time today – in ways that would have been unthinkable just 10 years ago. With technology at our core, it’s an exciting time to be an agile business.
Nick Raphaely, AltX Co-CEO, remarked:
The growth of the market has provided a tremendous opportunity for investors as well, to take exposure to real-estate in a differentiated way. Whereas a decade ago investors may have been reticent to invest in this asset class, it has now truly come of age. The proposition of an attractive yield backed by real-estate security and sponsor guarantees is very compelling.
“Recognising this trend early, AltX has custom-built a tech-enabled platform to provide investors with a best-in-class investment experience. Since 2012, investors in AltX transactions have earned hundreds of millions of dollars in interest with no loss of investor capital. This is a statistic of which we are very proud. We also lead with our own balance sheet, which investors respect. We’ve been at the forefront of a fast-growing industry for a decade, which has been very exciting.”
For further media information and interview requests please contact:
Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241
Sydney, September 23, 2021: AltX has announced that the Group’s loan originations have surpassed $2 billion. Since its inception in 2012, AltX has funded more than 1,000 transactions, making it one of the largest commercial real estate players in Australia.
Via the AltX technology platform, wholesale investors Australia-wide can invest in real-time in pre-funded 1st mortgage-backed real estate loans.
Commenting on the milestone, AltX Co-CEO Steven Beinart said: “The non-bank lending market has enjoyed substantial growth over the past decade – its share of commercial property lending alone is expected to hit $50 billion by 2024. Where there was once some uncertainty around what non-bank lending could deliver, this has become irrelevant in a fast-paced market.
Borrowers value things the banks can’t always give them – and are willing to pay a premium. More and more they recognise it’s about securing funding that’s fit for purpose. Money moves in real time today – in ways that would have been unthinkable just 10 years ago. With technology at our core, it’s an exciting time to be an agile business.
Nick Raphaely, AltX Co-CEO, remarked:
The growth of the market has provided a tremendous opportunity for investors as well, to take exposure to real-estate in a differentiated way. Whereas a decade ago investors may have been reticent to invest in this asset class, it has now truly come of age. The proposition of an attractive yield backed by real-estate security and sponsor guarantees is very compelling.
“Recognising this trend early, AltX has custom-built a tech-enabled platform to provide investors with a best-in-class investment experience. Since 2012, investors in AltX transactions have earned hundreds of millions of dollars in interest with no loss of investor capital. This is a statistic of which we are very proud. We also lead with our own balance sheet, which investors respect. We’ve been at the forefront of a fast-growing industry for a decade, which has been very exciting.”
For further media information and interview requests please contact:
Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241
