Portfolio Services

Origination

Balmain originates loans for most lenders operating in the commercial property sectors and has originated over $28bn of secured loans (circa 15,000 transactions) in the last 20 years. Balmain’s established origination and client base gives it a cycle resistant advantage for new players entering into commercial lending. Over 80% of annual originations (circa $4B per annum) are to existing client relationships.

Credit & Collections

Balmain operates a specialised credit underwriting and management team, which has underwritten over $8.00bn of senior secured loan transactions in the last 5 years. The Credit Team currently oversees and manages over $5.00bn of secured loans across various loan portfolios including commercial debt, auto finance and asset backed lending.

The credit team also manages collections (recovering under-performing debt). Lenders usually provide service level agreements as to how they want the debts recovered.

Special Servicing

Balmain is the largest special servicer/ equity participant of purchased NPLs in Australia across multiple asset classes.  Since 2008 the group has been appointed Special Servicer on $4.50bn of acquired debt ($9.00bn of face value) secured by CRE (Mobius, BOSI, Suncorp, GE Commercial, Banksia, Gippsland, etc.). Major clients include Morgan Stanley, Blackstone, Goldman Sachs, Deutsche Bank, Bain, Macquarie Bank, etc. Total collections to date exceed $8.00bn.

Start-up Capital

Balmain regularly provides start-up capital (from senior loans through to equity) for new lending initiatives. Generally, Balmain will require that the lending programme will, or intends, to retain Balmain in respect of the programme administration.