Australia’s top commercial broker writes 15 loans totalling $520,345,000

Australia’s top commercial broker writes 15 loans totalling $520,345,000
Australia’s top commercial broker writes 15 loans totalling $520,345,000

With a loan tally of more than $520 million, George Giovas of Axius Partners has been named Australia’s top commercial broker for 2017 in MPA’s Top 10 Commercial Brokers Report, sponsored by Westpac.

The Sydney-based Giovas wrote 15 loans totalling $520,345,00 over the 2016-17 financial year, a record for an individual commercial broker. 

Giovas, who found Axius Partners in 2011, says it is an “old-fashioned merchant bank”, split between funds management and advice and broking. 

It specialises in development finance, including apartments and hotels.

Previously, Giovas was ANZ’s global head of property, managing more than 150 people and a $40 billion balance sheet. 

The Top 10 list was dominated by brokers specialising in development finance.

The top brokers all noted that banks are reducing their appetite for development finance owing to pressure from the Australian Prudential Regulation Authority.

The watchdog has asked banks to reduce their exposure to residential developments through tougher conditions and reluctance to lend to inexperienced developers, but this has resulted in more non-bank lending.

The second place went to Ben Wardley of Right Angle Group while Kevin Wheatley of Bayside Residential & Commercial mortgages was third.

Both Right Angle Group and Bayside Residential & Commercial are in the development finance industry in Brisbane and Sydney respectively.

2017's Top 10 Commercial Brokers: 

  1. George Giovas,    Axius Partners Pty Limited, $520,345,000 
  2. Ben Wardley,    Right Angle Group, $201,326,183 
  3. Kevin Wheatley, Bayside Residential and Commercial Mortgages, $198,682,654 
  4. Marwan Rahme, Kanebridge, $147,692,010 
  5. Jamie Giles, Astute Financial – Springhill, $125,034,502 
  6. Jason Arnold, Quattro Finance & Advisory, $118,615,199 
  7. Daniel Green, Green Finance Group, $100,026,764 
  8. Mark Churchill, Allfin Financial Services Pty Ltd, $99,559,979 
  9. Danny Luu, Pagoda Finance, $91,666,508 
  10. Glen Barnes, Barnes Finance Solutions Pty Ltd, $91,559,000

The list includes business lending brokers Jamie Giles of AstuteFinancial, Daniel Green of Green Finance, Mark Churchill of Allfin Finance and Glen Barnes of Barnes Finance Solutions.  

 

 

Tags: 
Commercial News Mortgage Broker

Comments

Be the first one to comment on this article
What would you like to say about this project?