Key Takeaways
- • HMC Private Credit has secured $1.35 billion in new commercial real estate lending mandates from investors in North America and Asia, according to Australian Broker.
- • The platform hired Steve Tokic as state director for New South Wales and the Australian Capital Territory, and John Bourboulas as state director for Queensland, both tasked with pursuing larger commercial property lending deals.
- • The offshore mandates expand HMC Private Credit's funding capacity, enabling larger transactions that meet its credit criteria amid tightening liquidity in parts of the commercial real estate private credit market.
- • Tokic previously served as managing director at Phoenix Property Investors after a senior career at ANZ; Bourboulas brings more than 15 years in ANZ's institutional property business.
- • HMC Private Credit, formerly Payton Capital and backed by ASX-listed HMC Capital, has deployed more than $8.5 billion in loans over 14 years and manages over $2.3 billion in assets.
Summary
HMC Private Credit has secured $1.35 billion in new commercial real estate lending mandates from investors in North America and Asia, according to Australian Broker, and has hired two senior property finance executives to deploy that capital into larger loans. The offshore mandates expand the platform's funding capacity, allowing it to pursue transactions that meet its credit criteria at a larger scale.
Steve Tokic joins as state director for New South Wales and the Australian Capital Territory, while John Bourboulas takes on the same role in Queensland. Both will focus on identifying larger commercial property lending opportunities. Tokic built a senior career in institutional property banking at ANZ before most recently serving as managing director at Phoenix Property Investors. Bourboulas brings more than 15 years in ANZ's institutional property business, covering Queensland, Western Australia, and South Australia. The firm said the pair's experience across institutional banking, structured lending, and commercial real estate debt markets strengthens its ability to compete for larger financing deals.
The hires come as parts of the commercial real estate private credit market face liquidity pressures. HMC Private Credit believes these conditions leave lenders with institutional backing well placed to win new business. Matt Lancaster, chair of the HMC Capital Private Credit platform, said the company is "focused on building greater institutional-grade origination capability as the business continues to grow."
HMC Private Credit, formerly Payton Capital, is backed by HMC Capital, which is listed on the Australian Securities Exchange. The firm said its governance framework is underpinned by a majority-independent board, with quarterly independent oversight from EY, and a specialist team including valuers, construction managers, and quantity surveyors supports its credit assessments. It has offices in Melbourne, Sydney, Brisbane, and the Gold Coast. Over more than 14 years it has deployed more than $8.5 billion in loans, and it now manages over $2.3 billion in assets.
For brokers with commercial property clients, the expanded team and funding capacity point to another source of larger-scale non-bank finance.
Steve Tokic joins as state director for New South Wales and the Australian Capital Territory, while John Bourboulas takes on the same role in Queensland. Both will focus on identifying larger commercial property lending opportunities. Tokic built a senior career in institutional property banking at ANZ before most recently serving as managing director at Phoenix Property Investors. Bourboulas brings more than 15 years in ANZ's institutional property business, covering Queensland, Western Australia, and South Australia. The firm said the pair's experience across institutional banking, structured lending, and commercial real estate debt markets strengthens its ability to compete for larger financing deals.
The hires come as parts of the commercial real estate private credit market face liquidity pressures. HMC Private Credit believes these conditions leave lenders with institutional backing well placed to win new business. Matt Lancaster, chair of the HMC Capital Private Credit platform, said the company is "focused on building greater institutional-grade origination capability as the business continues to grow."
HMC Private Credit, formerly Payton Capital, is backed by HMC Capital, which is listed on the Australian Securities Exchange. The firm said its governance framework is underpinned by a majority-independent board, with quarterly independent oversight from EY, and a specialist team including valuers, construction managers, and quantity surveyors supports its credit assessments. It has offices in Melbourne, Sydney, Brisbane, and the Gold Coast. Over more than 14 years it has deployed more than $8.5 billion in loans, and it now manages over $2.3 billion in assets.
For brokers with commercial property clients, the expanded team and funding capacity point to another source of larger-scale non-bank finance.
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