Commercial Real Estate
Investment Management

Private Credit · Structured Credit · Private Equity

Deploying Capital Where Value Meets Liquidity

Belmont Capital is the investment management platform of Belmont Group, focused on deploying institutional capital across the commercial real estate spectrum. The platform manages mandates in private credit and structured credit, with the capability to invest into private equity and secondary opportunities. Backed by leading institutional partners, Belmont Capital delivers flexible, risk-disciplined, and value-driven capital solutions designed to scale with sponsors, managers, and investors alike.

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Capital Solutions


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Senior & Stretched Senior Debt
First-ranking or stretch-senior loans secured by Australian commercial real estate. Typical facility sizes range from A$5 million to A$100 million, across all major asset classes. Facilities are structured with clear exits, enforceable security, and terms aligned to the sponsor’s take-out or refinancing strategy.
  • Refinance & Assumption - Replacement of existing facilities reaching maturity or requiring new senior funding.
  • Acquisition Finance - Senior funding to support the purchase of income-producing or transitional assets.
  • Equity Release & Upsizing - Lending against stabilised or re-valued assets to unlock capital for reinvestment or liquidity.
  • Bridge-to-Refinance - Short-term senior funding ahead of long-term bank or institutional take-out.
Structured Credit
Programmatic and structured funding solutions for real-estate credit platforms. Belmont partners with non-bank lenders, fund managers, and origination platforms to provide institutional capital that scales origination capacity, recapitalises existing structures, and aligns governance with long-term growth.
  • Warehouse Facilities - Senior or hybrid funding lines structured with borrowing-base mechanics, eligibility criteria, and step-in rights. Designed to expand origination capacity and embed institutional oversight within mid-market credit platforms.
  • Platform Investments - Provision of structured funding or senior capital to existing or emerging credit managers at the platform or facility level. Used to scale origination programs, refinance legacy lines, or optimise warehouse structures under institutional governance.
  • Sub-Trust & Note Investments - Participation in A/B-note, sub-trust, or single-asset structures within credit funds or managed vehicles. These positions provide exposure to diversified loan portfolios or individual assets sold down by fund managers seeking liquidity or balance-sheet optimisation.
Private Equity & Secondaries
Belmont provides liquidity, rollover, and strategic capital across closed-ended real estate vehicles, including unlisted funds, syndicates, SPVs, and listed or unlisted REITs.

We partner with managers to extend fund life, deliver LP liquidity, and institutionalise mid-market platforms through continuation, co-GP, and consolidation structures.
  • Continuation & GP-Led Solutions - Capital to fund LP redemptions, extend hold periods, or support value-realisation strategies while preserving management continuity.
  • Co-GP & Platform Stakes - Structured participation in fund managers, operating vehicles, or REITs to enhance governance, scale, and access to institutional capital.
  • Fund & Portfolio Secondaries - Acquisition of LP, SPV, or vehicle interests to provide liquidity to investors while maintaining platform alignment and performance.
  • Strategic Consolidation - Integration of multiple funds or vehicles into institutional frameworks to align incentives, improve efficiency, and position for long-term liquidity events or listings.

Mandate & Scope

Belmont deploys institutional capital across real-estate credit and structured opportunities where value, liquidity, and control are clearly identifiable.We provide or invest through:
Provide or invest:
Senior Credit -
Direct senior and stretch-senior loans secured by income-producing or transitional commercial real estate.
Structured Credit - Programmatic and structured funding facilities supporting non-bank lenders, fund managers, and origination platforms.
Private Equity & Secondaries -
Co-GP, continuation, and secondary investments across listed and unlisted real-estate portfolios, funds, and SPVs.
Sector:
Institutional-grade commercial real estate across core, value-add, and transitional asset types, including industrial, logistics, office, retail, mixed-use, and alternative sectors such as BTR, healthcare, and accommodation.
Region & currency:
Australia and New Zealand (primary focus), with selective exposure to Southeast Asia.
All investments are
AUD-based, hedged as required.
Counterparties:
Institutional and private sponsors or operating partners
Non-bank lenders, fund managers, and origination platforms
Incumbent lenders and investors
seeking liquidity, recapitalisation, or structured exit solutions
Instruments:
Senior and stretch-senior secured loans
Structured warehouse and platform funding lines
Co-GP, continuation, or secondary fund interests
Ticket & tenor:
Typical exposures between A$10 million - A$150 million per facility or platform line.I
Investment duration typically
6–36 months for credit strategies, with structured extension, refinancing, or exit mechanics tailored to each asset or platform.
Equity and secondary positions are held for up to five years, reflecting value realisation cycles across continuation, co-GP, and platform investments.
Security:
All credit investments are secured through first-ranking mortgages or receivables-trust structures, with account-control deeds, step-in rights, and replacement-servicer mechanisms ensuring full control of underlying cash flows.
Equity, continuation, and co-GP positions are structured with
governance rights, information access, and downside protection through preferred equity terms, shareholder agreements, or manager-alignment covenants.

Across all strategies, Belmont maintains
active oversight, enforceable rights, and clear visibility of exit pathways, ensuring alignment of capital, governance, and value creation.
Underwriting:
Belmont applies an exit-first, fundamentals-driven underwriting framework across all strategies, integrating asset-level analysis, counterparty strength, and structural protection.

For
credit investments, underwriting focuses on sustainable cash flow coverage, independent valuations, leverage calibration, and enforceable security to ensure defined repayment or refinance outcomes.

For
structured credit and equity positions, emphasis is placed on platform governance, capital stack alignment, and downside protection, including analysis of manager performance, fund liquidity, and exit optionality.

All investments are subject to
independent valuation, scenario testing, and concentration limits, ensuring disciplined risk management and institutional transparency.
Use of proceeds:
Refinances, recapitalisations, lender exits, continuation funding, co-GP or secondary acquisitions, bridge-to-takeout or securitisation, and portfolio or platform carve-outs.
Exclusions:
Raw englobo land without near-term DA; ground-up development as principal risk capital; and subordinate or equity positions without governance rights, downside protection, or defined exit pathways.

Capital Deployment Scenarios


  • Senior & Stretched Senior Facilities

    First-ranking or stretch-senior loans secured by Australian commercial real estate.Facilities typically range from A$5 million to A$100 million and are structured with enforceable security, defined exit strategies, and disciplined underwriting.Deployed across core, value-add, and transitional assets to support acquisition, refinance, equity release, and bridge-to-refinance requirements.

  • Warehouse & Structured Facilities

    Programmatic and structured funding solutions provided to non-bank lenders, fund managers, and origination platforms. These facilities are structured to scale origination capacity, recapitalise existing vehicles, and institutionalise mid-market platforms through disciplined governance and capital alignment.

    Warehouse Facilities - Senior or hybrid lines structured with advance rates, eligibility criteria, and step-in rights.
    Platform Investments - Structured funding at the platform or facility level to expand origination programs, refinance existing lines, or optimise warehouse structures.
    Sub-Trust & Note Investments - Participation in A/B-note, sub-trust, or single-asset structures within credit funds or managed vehicles, providing exposure to diversified loan portfolios or individual assets sold down by fund managers.

  • Private Equity & Secondaries

    Belmont provides liquidity, rollover, and strategic capital across closed-ended real-estate vehicles, including unlisted funds, syndicates, SPVs, and listed or unlisted REITs. We partner with managers to extend fund life, deliver LP liquidity, and institutionalise mid-market platforms through continuation, co-GP, and consolidation strategies.

    Continuation & GP-Led Solutions - Capital to facilitate LP redemptions, extend hold periods, and optimise exit outcomes.
    Co-GP & Platform Stakes - Structured participation in fund managers, operating vehicles, or REITs to enhance governance, scale, and capital access.
    Fund & Portfolio Secondaries - Acquisition of LP or SPV interests to provide investor liquidity while maintaining platform alignment and performance.

  • Platform & Warehouse Recapitalisations

    Belmont provides capital to recapitalise or restructure existing warehouse facilities, sub-trusts, and credit platforms, restoring advance rates, liquidity, and governance alignment.These transactions are structured to support ongoing origination, optimise capital efficiency, and position managers for long-term institutional scalability.

  • Transitional Capital Solutions

    Targeted, short-duration capital for time-sensitive or transitional opportunities - including refinance bridges, maturity rollovers, and interim liquidity events.Facilities are secured, covenant-controlled, and structured with defined exits, maintaining platform stability through periods of repositioning or capital transition.

Global Network and Reach

Global Access,
Local Expertise

Belmont Capital bridges global capital with high-quality opportunities, leveraging established relationships and an extensive network of capital providers. For corporates, we focus on raising capital; for funds, we specialise in deploying capital into high-quality, mandate-aligned opportunities. We structure, manage, and co-invest in transactions across key markets.

United States (US)
United Kingdom (UK)
Australia and New Zealand
Singapore & Southeast Asia
Gulf Cooperation Council (GCC)
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Connect Your Fund with the Right Investors

Belmont Capital partners with leading fund managers to promote their investment vehicles and attract new investors. Through our global network, we connect funds with family offices, institutional investors, and high-net-worth individuals, ensuring successful fundraising outcomes.

We help fund managers secure capital by connecting them with family offices, institutions, and HNWIs.

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Tony Yammine
Managing Director
tony@belmontcapital.com.au
Leads origination, investment committee, and execution across all strategies in Australia and Asia-Pacific.

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