Pallas Capital
The UK arm of an Australian property lending group, launched in 2025 with forward-flow and warehouse funding from major US institutions, writing £250k to £35m anywhere in the UK.
What they do
Pallas Capital arrived in the UK in 2025 backed by a £1.8bn global group, a forward-flow agreement with a large US credit fund and a securitised warehouse arranged with a Wall Street bank. Products span residential, mixed-use and commercial bridging, light and heavy refurbishment, development finance and vacant land, priced from 0.7 to 0.9 per cent a month on bridging and 9.5 to 10.5 per cent a year on development, with arrangement fees of 1.5 to two per cent. Credit is deliberately flat to keep decisions quick, and completed deals include an £8.4m Aberdeen bridge and an £8.2m Leicester student scheme.
Where they fit in a lower-mid-market raise
Genuine UK-wide coverage including Scotland, at ticket sizes covering the whole of a £3–15m requirement, with published pricing on both bridging and development. A lender building a book has appetite, and the deal-by-deal credit assessment accommodates developers with varying levels of experience rather than applying a fixed test.
Where they are not the fit
The UK entity was incorporated in 2025, so the track record here is short even though the group's is not. Vacant land and heavy refurbishment carry the tightest terms. Everything is property-secured, so there is nothing for a trading business borrowing against earnings.
Published terms
- Pricing
- Bridging: from 0.7-0.9% per month (70-90 bps). Development finance: from 9.5% pa (residential) to 10.5% pa (commercial). Arrangement fee 1.5-2%; exit fee up to 1.5%. Source: pallascapital.co.uk product pages
- Speed to terms
- Not published
- Sponsored or sponsorless
- Property developer/investor focused - no corporate cashflow lending. Targets experienced developers but also accommodates varying experience levels
- Where they lend
- Whole of UK including Scotland (Aberdeen bridge confirmed June 2026) and English Midlands (Leicester PBSA July 2026). Website states 'anywhere in the UK'
- How they decide
- Flat credit structure designed to support fast decision-making. Individual deal-based credit assessment rather than rigid criteria; accommodates varying developer experience levels
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Pallas Capital lends through 7 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Pallas Capital lends, but which of these would own it.
Residential/mixed-use bridge
- Facility
- £250k to £35m
- Security
- First-charge property
- Funds
- Growth · Refinance
Commercial bridge
- Facility
- £250k to £35m
- Security
- First-charge property
- Funds
- Growth · Refinance
Light refurbishment bridge
- Facility
- £250k to £5m
- Security
- First-charge property
- Funds
- Growth · Refinance
Heavy refurbishment bridge
- Facility
- £250k to £5m
- Security
- First-charge property
- Funds
- Growth · Refinance
Development finance (residential)
- Facility
- £1m to £35m
- Security
- First-charge property
- Funds
- Growth
Development finance (commercial)
- Facility
- £1m to £35m
- Security
- First-charge property
- Funds
- Growth
Vacant land
- Facility
- £250k to £10m
- Security
- First-charge property
- Funds
- Growth
How they sit against the category
- Its published ceiling of £35m is among the 16 highest of the 75 property-backed lenders here.
- 65 of the 75 publish an indicative price at all; it is one of them.
- It lends through 7 distinct desks, where most firms here run one or two.
Counted across the 75 property-backed lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Pallas Capital write?
Published facilities run £250k to £35m. A band is what a lender states it will do, not what it will do on a given credit.
Where does Pallas Capital lend?
Whole of UK including Scotland (Aberdeen bridge confirmed June 2026) and English Midlands (Leicester PBSA July 2026). Website states 'anywhere in the UK'.
What does Pallas Capital lend?
The published product set is residential/mixed-use bridge, commercial bridge, light refurbishment bridge, heavy refurbishment bridge. Published sector focus is commercial, land, mixed-use, residential.
On the record
July 2026: £8.2m development facility, 98-bed PBSA scheme, Central Leicester, 70% LTGDV, 27-month term (theintermediary.co.uk.
2026: £3.5m development facility, Ringwood Corn Exchange restoration (pallascapital.co.uk.
June 2026: £8.4m commercial bridge, Grade A office, Aberdeen Scotland, 70% LTV, 12-month term, 1-month to completion (bridgingloandirectory.co.uk.
2026: £525,000 bridge-to-refurbishment, North London (bridgingandcommercial.co.uk.
Sources: pallascapital.co.uk · bridgingloandirectory.co.uk
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.