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Walker Corp goes green with new loans on flagship towers By Carolyn Cummins Property developer Lang Walker has struck an agreement with leading banks to create green loans for its flagship assets as it joins the push by all companies to focus on reducing their environmental impact and making buildings more sustainable. Under the deal, Walker Corporation, one of the country’s largest private developers, will create new green loans for its Parramatta Square in Sydney and Collins Square in Melbourne. The loans are with the Commonwealth Bank of Australia (CBA) and ANZ Bank. An artists impression of Lang Walker's $3.2b Parramatta Square project.CREDIT: It comes as the property sector embraces sustainability and focuses on the environmental, social, and governance (ESG) criteria of the business. It has become a priority for developers with more tenants now looking for higher rated properties to lease and investors using it as a key inclusion in a sale. Walker …

OnDeck Australia targets young and unsecured By Shaun Drummond OnDeck Australia chief Cameron Poolman says there is a big opportunity for the new business lender to satisfy demand from emerging entrepreneurs who cannot offer up a home as security for a bank loan. Cameron Poolman, local chief executive of US online business lender OnDeck, says it wants to be a mainstream business lender, not just a small alternative.CREDIT:LOUIE DOUVIS The local arm of one of the biggest of the new online business lenders, OnDeck Capital, quietly began lending in Australia two weeks ago, seven months after establishing its third office outside the United States. In Australia, banks don't lend to small business without security – usually the family home. But Mr Poolman said apart from the existing 2.1 million small businesses, there is emerging demand from an increasingly entrepreneurial younger generation who have no home to offer as security. …