How N1 assesses loans
Disciplined credit assessment.
Property value is only one part of the credit decision. N1 also considers the borrower, purpose of the loan, legal structure, property marketability, proposed repayment strategy and downside risks.
Credit process
From initial review to repayment
- Review of the proposed loan against the group's lending appetite and the Fund's investment mandate.
Confidential credit policy details, internal approval limits and borrower information are not disclosed on this website.
Why completed property matters
Reducing reliance on future outcomes.
Construction and development lending may depend on future completion values, construction costs, project timelines, sales and leasing outcomes. Our preferred credit approach focuses on completed property and current valuation evidence where permitted and applicable under the Fund's investment mandate.
Completed property
- Current condition
- Current market value
- Existing evidence
- Current marketability
Development exposure
- Future condition
- Forecast end value
- Projected outcomes
- Completion and execution risk
A focus on completed property does not remove valuation risk. Property values may change after settlement.