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Patrick Leo has revealed its entrance into the finance space, capitalising on growing client demand.
Leo Loans & Finance is the brainchild of Patrick Leo, the property management and investment advisory firm, with the aim of servicing the firm’s expanding national client base.
It has also expressed intention to cater towards “the pent-up demand for refinancing from owner-occupiers and investors across Sydney”.
According to James Nihill, managing director of Patrick Leo: “Leo Loans was formed in response to growing demand from our clients.”
He shared that the new offering “will deliver a seamless and fully integrated service to our investors, streamlining the borrowing process and enhancing efficiencies by eliminating the need for them to deal with multiple external parties”.
Kurt Ackermann will lead the new arm, and touts his experiences with the likes of Commonwealth Bank and HSBC.
He commented: “It’s a brutal market out there in 2023, and it has never been more critical to ensure borrowers have access to confident lending advice and the best products available.”
Patrick Leo acknowledged that their new offering comes as Australia’s real estate sector “grapples with the impact of 13 interest rate rises since 2022 amid a shortage of new housing supply”.
From the business’s perspective: “There is a robust demand for professional, independent credit advice and the ability to secure a competitive finance package.”
Mr Nihill himself acknowledged that investors remain “particularly active”, and cited current interest rates being less of an obstacle to investors that they are in the owner-occupier market.
“Investment activity remains buoyant driven by market fundamentals of strong rents, low vacancies and high population growth combined with the forecast shortage in housing supply in most capitals.”
Patrick Leo has been on the real estate scene since 2014, with real estate licences across Queensland, NSW, Western Australia and Victoria.
Leo Loans & Finance will reportedly begin servicing customers as a boutique brand operating out of Potts Point.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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