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Debt Advisory & Structuring
We negotiate, structure and arrange property finance across the spectrum.
- Acquisition & investment finance
- Refinancing, recapitalisation & structured facilities
- Syndicated, club & bilateral lending
Windmill Capital · Corporate & Property Finance Advisory
Relationships first. Results follow.
A boutique advisory practice connecting ambitious projects with the right capital — built for complex, time-critical situations where clarity, creativity and deal-craft matter most.
What we stand for
Most of our work comes from people we've backed before. We earn trust first and keep it — long after settlement.
Independent advice with no product to push. We tell you what we'd do in your shoes — not what pays us.
Relationships and integrity aren't soft. They're precisely what gets a deal closed on the right terms.
How we work
Every mandate begins with the same discipline — find the true constraint, then design the capital around it.
Define the real constraint — time, covenant, equity, approvals, pre-sales, or the sponsor story.
Debt, mezzanine, preferred equity or JV — the right capital, on the right terms.
A competitive, targeted process: curated counterparties, clean data, decisive timelines.
Term sheets you can live with. Documentation that protects you. Stakeholder alignment that lasts.
The relationship outlasts the transaction.
How we structure capital
Every project has its own capital geometry. We bring together the right mix of debt and equity — senior to subordinated, preferred to sponsor — and structure it to perform under pressure.
Illustrative tranches. Real capital structures are tailored to each transaction.
What we do
We negotiate, structure and arrange property finance across the spectrum.
Senior debt for projects from site acquisition through to completion.
Stretch the capital stack where senior debt stops short.
Speed and flexibility for time-critical situations.
Sourcing, negotiating and structuring equity at every level of the stack.
Access to non-bank alternatives and capital raising for funds.
Restructuring, refinancing or repositioning under-performing assets.
Plus treasury & hedging, sustainability-linked finance, portfolio strategy and end-to-end transaction management — where the mandate requires it.
Sectors
Deep experience spanning the full breadth of Australian real estate — from greenfield land to institutional-grade assets.
Apartments, communities and englobo land.
Institutional BTR from feasibility to exit.
Investment, repositioning and development.
Estates, warehousing and last-mile assets.
Centres, large-format and town-centre schemes.
Acquisition, development and repositioning.
Medical, aged care and specialist assets.
Purpose-built student accommodation (PBSA).
Complex, time-critical and distressed mandates.
Track record
Representative of the transaction types we structure. Replace with your own selected, de-identified or client-approved deals.
Our network
Independent and conflict-free, we run a competitive process across an extensive panel of funding relationships — domestic and offshore.
Senior and syndicated facilities at competitive terms.
Flexibility, speed and higher-leverage solutions.
Construction, stretch-senior and special situations.
Long-term debt and equity for scaled assets.
Patient, relationship-driven equity and JV capital.
International capital seeking Australian exposure.
About
Do right by your clients, and the results follow. We're in the relationship business — capital is simply how we help.
Windmill Capital is a boutique corporate and property-finance advisory practice. We exist to connect ambitious projects with the right capital — and to stay at the table from first conversation to final settlement.
Independence is the point. With no balance sheet to push and no product to sell, our only incentive is the outcome that's right for you. We run competitive, targeted processes and design capital structures that hold up under pressure.
From sub-$1m facilities to syndicated, city-shaping projects — build-to-rent, mixed-use, residential communities, industrial and special situations — we've built deep, durable relationships across banks, non-banks, private credit, funds and family offices. It's the network that lets us move quickly when timing matters most.
Let's talk
Windmill Capital partners with developers, sponsors and investors on complex capital mandates. Whether you're raising debt, structuring equity, or navigating a difficult situation — tell us about your venture.
Every good outcome starts with a conversation.