2 March 2023

Wingate has established a senior warehouse funding facility with Goldman Sachs, a leading global investment bank, for up to AUD$200 million for private construction debt. The facility recognises the unique risk-adjusted opportunity of progressed construction loans in today’s property lending market.

This latest offering complements the Wingate residual stock warehouse facility, provided by Goldman Sachs in March 2022.

“The funding program supports our flagship Wingate Investment Partners fund and enhances our ability to manage our loan book,” said Nick Jacobson, Joint Managing Director of Wingate Property. “The facility is tailored to the needs of the current environment and enhances our flexibility and liquidity.”

“Wingate continues to see attractive lending opportunities in private property development and construction. Our view is that working with an internationally respected investment bank and risk manager in Goldman Sachs highlights our established private lending track record and strong risk management process adopted across our business.”