Pallas Capital has announced the appointment of Jason Arnold as Group Executive – Origination.
As part of the role, Jason will be instrumental in driving operational improvement and growth in FUM of Pallas Capital’s growing suite of CRE debt products across Australia and New Zealand.
Prior to joining the Pallas Capital team, Jason spent 22 years in the real estate and structured finance sector, most recently as Owner and Managing Director of Quattro Finance & Advisory where he has originated approximately $2 billion in mortgages.
“When the opportunity was presented to not only be a part of the growth of Pallas Capital, but to truly challenge the industry as a leader in the commercial real estate finance sector, it was an offer too good to pass on. The professionalism, experience and drive shown by the team, combined with the true care shown for all stakeholders in and around the business made this an easy decision for me” says Arnold.
He adds, “I have known and worked with both Dan Gallen and Alexis Holloway for more than a decade and have worked closely with the broader Pallas Capital team on behalf of my own clients for the past three years. These relationships have enabled me to closely observe the capabilities and experience of the team in the commercial property and development finance market”.
“We are excited to have Jason join the Pallas Capital team after working closely with him over the past decade and experiencing his talent and professionalism first-hand. It can be difficult to find senior personnel that align with the skill-set, culture and expertise that a company such as Pallas Capital requires as it continues to grow, and we are confident that Jason’s wealth of experience and personal drive will see an immediate impact on our business,” says Dan Gallen, Executive Director and Chief Investment Officer, Pallas Capital.
Pallas Capital is one of the fastest growing non-bank lenders in Australia, offering brokers and developers lending solutions that are tailored to their needs. It offers borrowers five core loan types, being acquisition, pre-development, construction, residual stock and vacant land loans, along with the flexibility to negotiate LVRs and the required level of pre-sales for construction loans.
Pallas Capital manages funds for investing in commercial real estate loans secured against property assets with values between $1 – $50 million in major metropolitan areas. Wholesale investors are offered investment opportunities providing fixed or variable rate returns ranging from 7.7% p.a. in the Pallas Short Term Fund to 9% to 10% p.a. both rates inclusive of BBSW (first mortgages), 12.6% p.a. for the High Yield Fund inclusive of BBSW (First and Second Mortgages) and up to 18% p.a. for preference equity investments. Pallas Capital’s loans are supported by robust due diligence on each borrower and the security property, a realistic and multi-faceted exit strategy, and active management of all loans by the Pallas Capital team throughout the term.
Pallas Capital and developer Fortis comprise Pallas Group, a business that provides specialist investment, lending and development solutions in the boutique property market in Australia.