Short Term Trading Easter Weekend Lounge 29 Mar - 3rd Apr, page-64

Started in 2004 - used to be small time, lending direct to body corporates.

It looks like the funding facility provided by Credit Suisse in December was the catalyst to their involvement with our friends at LPE.

"Credit Suisse has provided a $100 million senior funding facility to Lannock Strata Finance helping to fuel growth in specialist lending to body corporate or owners corporations.
Lending to body corporates to fund strata improvements, such as renovations, renewals and defect rectification is a growing area but highly specialised with the likes of Macquarie Group being the only real competition to Lannock.
Many apartment owners can struggle to contribute to sinking funds for major works and finding loans to cover this is difficult."

Read more: http://www.afr.com/real-estate/credit-suisse-backs-lannock-in-100m-body-corporate-lending-deal-20171218-h06wbg#ixzz5BMPnydGU ​