October 2026
Origination is not the scarce resource
Australia has no shortage of lenders who can find a good commercial mortgage. What it is short of is a consistent standard applied behind them.
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Notes on the market we lend into
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Insights
What we think, and why
Observations on Australian private commercial mortgage lending, the structures used to fund it, and the choices behind the way Auremont is built.
October 2026
What containment actually buys, and what it does not
Holding each loan in its own trust bounds a problem on the day it arises. It does not stop the problem happening, and it is worth being precise about the difference.
ReadOctober 2026
Skin in the game, loan by loan
Alignment claimed at the portfolio level is weaker than it sounds. Alignment inside each individual loan behaves very differently when one of them goes wrong.
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