Issuer profile: RedZed Lending Solutions
Key company and debt-issuance information on RedZed Lending Solutions. Uploaded 16 October 2018.
Size of loan book | A$1.3BN |
Makeup of loan book | Residential and commercial mortgages. Asset finance. |
Geographic distribution of loan book | Australia: 100% |
Outstanding debt issuance | RMBS: A$790M |
Source: RedZed Lending Solutions September 2018
About RedZed Lending Solutions
RedZed Lending Solutions (RedZed) is one of Australia’s leading lenders dedicated to providing financial solutions to the self-employed segment.
The company specialises in originating, underwriting and managing residential, commercial and asset-finance loans with a focus on understanding the needs of the self-employed. It delivers solutions based on thorough underwriting principles and a disciplined and diligent approach to collections.
Established in 2006, RedZed has assisted thousands of Australian customers and originated in excess of A$2.3 billion in loans. Its staff is primarily based in the Melbourne head office. RedZed is expected to generate assets in excess of A$800 million in the current financial year.
Ownership and capital structure
RedZed is a privately owned company.
Funding strategy
RedZed currently sources its warehouse funding through longstanding relationships with two major banks and an institutional investor. It has successfully placed six RMBS deals. The most recent was a A$375 million transaction in September 2017.
Business performance
RedZed continues to deliver growth with a strong focus on delivering solutions to the self-employed. This positioning along with a distribution model of accepting loans direct or via a hand-selected group of accredited mortgage brokers allows the company control over the type of business it originates that is unique in the Australian marketplace.
For further information please contact:
Chris Wilson Chief Financial Officer |
+61 3 9605 3500 This email address is being protected from spambots. You need JavaScript enabled to view it. |
Lisa Hood Finance Manager |
+61 3 9605 3500 This email address is being protected from spambots. You need JavaScript enabled to view it. |
www.redzed.com |
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