RedZed Lending Solutions
RedZed was founded in 2006. It is a national provider of financial solutions to the self-employed in Australia.
RedZed specialises in originating, underwriting and managing residential and commercial loans with a focus on empowering the self-employed market segment ranging from clear credit to mild credit impairment. RedZed has a deep understanding of the needs and risks of the self-employed segment, and a track record of prudent underwriting principles and a disciplined collections approach.
|SIZE OF LOAN BOOK||A$1.6BN|
|MAKEUP OF LOAN BOOK||RESIDENTIAL AND COMMERCIAL MORTGAGES, ASSET FINANCE: 100%|
|GEOGRAPHIC DISTRIBUTION OF LOAN BOOK||AUSTRALIA: 100%|
|OUTSTANDING DEBT ISSUANCE||RMBS: A$1.3BN|
RedZed has originated more than A$3.6 billion of residential and commercial finance secured by real property and equipment assets. It has issued more than A$2.5 billion of debt-market securities via nine public securitisations, with more than A$1.6 billion of assets currently under management.
Ownership and capital structure
RedZed is a privately owned company.
RedZed continues to deliver growth with a strong focus on delivering solutions to the self-employed. This positioning, along with an increased distribution model of accepting loans directly or through accredited mortgage-origination partners, allows the company control over the type of business it originates that is unique in the Australian marketplace.
RedZed expects to generate more than A$1.3 billion of assets in the current financial year.
RedZed sources its warehouse funding through longstanding relationships with two major banks and an institutional investor. It has successfully placed nine RMBS deals. The most recent was a A$400 million transaction in September 2020.
FOR FURTHER INFORMATION PLEASE CONTACT:
+61 3 9605 3500
Chief Financial Officer
+61 3 9605 3500
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.