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, as well as a disciplined collections approach.
|SIZE OF LOAN BOOK||A$2.5BN|
|MAKEUP OF LOAN BOOK||RESIDENTIAL AND COMMERCIAL MORTGAGES, ASSET FINANCE: 100%|
|GEOGRAPHIC DISTRIBUTION OF LOAN BOOK||AUSTRALIA: 100%|
|OUTSTANDING DEBT ISSUANCE||RMBS: A$2.05BN|
RedZed has originated more than A$5 billion of residential and commercial finance secured by real property and equipment assets. It has issued more than A$3.8 billion of debt-market securities via 11 public securitisations, with more than A$2.5 billion of assets currently under management.
Ownership and capital structure
RedZed is a privately owned company.
RedZed sources its warehouse funding through longstanding relationships with three major banks and an institutional investor. It has successfully placed 11 RMBS deals. The most recent was a A$750 million transaction in August 2021.
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$3.5 billion of assets in the current financial year.
FOR FURTHER INFORMATION PLEASE CONTACT:
+61 3 9605 3500
Chief Financial Officer
+61 3 9605 3500
nonbank Yearbook 2023
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.