Macquarie Freezes New Trust and Company Lending
Macquarie Bank has announced a freeze on trust and company lending, effective from October 31, complicating financing for developments and commercial projects.
The lender will suspend all new loan applications for borrowers using trusts or companies, while existing arrangements remain unaffected.
The bank said the freeze reflected its response to rising application volumes, investors' borrowing strategy, and the increasing complexity of lending to these structures.
According to PRD Real Estate chief economist Asti Mardiasmo, the news will shake the investment market, as other lenders could follow Macquarie’s move to halt trust and company lending.
Author's summary: Macquarie Bank freezes trust and company lending.
- Effective date: October 31
- Affects new loan applications for trusts and companies
- Existing arrangements remain unchanged
More News
- AUS vs IND: Shivam Dube and Jasprit Bumrah’s Unbeaten T20I Streak Ends News24 -
- MEG takeover vote postponed again over questions about Cenovus-Strathcona side deal
- JD Vance and Erika Kirk’s on-stage hug goes viral amid faith and controversy debate | The Express Tribune
- Are AI Browsers Putting Your Security at Risk?
- Making KPop Demon Hunters sound magical meant finding the right harmonies
- 'Hotel Transylvania' spinoff 'Motel Transylvania' delayed, now set for 2027 release on Netflix | The Express Tribune
- WME’s Kirk Sommer Named MUSEXPO’s ‘International Music Person of the Year’
- 10 tracks that prove MF DOOM was the master of samples
- Cineworld announces luxury upgrade at Silverburn with new recliner seats
- Weerts, Van der Linde to Test BMW Hypercar in Bahrain – Sportscar365