Prime Capital is a leading nonbank commercial mortgage lender. Prime Capital’s clients are typically SMEs and the self-employed seeking to borrow funds using Australian property as security for their mortgage. Prime Capital has originated and managed more than A$3 billion in settlements, receives more than 5,000 applications per year and has 24 staff.

After more than 25 years of operation across multiple business cycles, Prime Capital has an enviable record of never failing to recover full principal and interest on any loan made. The business is headquartered in Sydney with offices in Melbourne and Brisbane.

Prime Capital was founded in 1997 by its current shareholders and remains 100% Australian-owned. The management team, which includes founders, has experience in investment banking, credit underwriting, commercial lending, mortgage broking and securitisation.

In its early years, the business received funding support from Australian industry superannuation funds and European reinsurance companies. In 2017, it transitioned to wholesale warehouse funding and now operates three securitisation programmes. It continues to grow its loan book, funded by its balance sheet, Austraclear debt and the securitisation programmes.

Since inception, the business has remained solely focused on SME mortgages. Its distribution, servicing and capital management systems have therefore become highly specialised within this market segment. This has resulted in high-quality service levels for borrowers, brokers and capital providers.

Mortgage applications are originated almost exclusively through the mortgage broker channel, with more than 1,000 active referring brokers including more than 80% of the Mortgage Professional Australia top 100 mortgage brokers. Prime Capital has been added to the lender panels of 11 mortgage broker aggregators, increasing its reach via distribution channels to more than 14,000 brokers across Australia. Prime Capital has also established a white-labelling channel to complement this broker network.

The business retains all credit and underwriting decisions, and credit approvals are conducted through its proprietary credit and screening processes.

Jeremy Harris
Marketing Director
+61 437 135 111
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www.primecapital.com