HMC Private Credit Hires Directors for New Mandates

The firm has appointed two state directors to oversee $1.35 billion in fresh commercial real estate lending mandates.

Updated on Oct. 26, 2026 in Commercial

HMC Private Credit Hires Directors for New Mandates

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HMC Private Credit has recruited two new state directors to support its expanded lending operations in Australia. The appointments follow the firm securing $1.35 billion in new commercial real estate lending mandates.

Why it matters

The new appointments are designed to facilitate the deployment of the significant capital influx into larger commercial loans. This move underscores the firm's ambition to scale its lending activities across the country.

HMC Private Credit manages over $2.3 billion in assets and has successfully deployed more than $8.5 billion in loans over 14 years of lending activity.

The players

HMC Private Credit

An investment firm formerly known as Payton Capital that manages over $2.3 billion in assets and focuses on commercial real estate lending.

Steve Tokic

The newly appointed state director for HMC Private Credit overseeing New South Wales and the Australian Capital Territory.

John Bourboulas

The newly appointed state director for HMC Private Credit overseeing Queensland who brings 15 years of experience in the property business.

HMC Capital

The parent organisation which is listed on the Australian Securities Exchange.

The details

Steve Tokic joins as state director for New South Wales and the Australian Capital Territory, while John Bourboulas takes on the role of state director for Queensland. The firm, formerly known as Payton Capital, utilizes a board that is majority-independent and maintains a specialist team for credit assessments.

HMC Private Credit confirmed the hiring of its two new state directors in October 2026.

Culture Shift

This transition marks a departure from the historical lending activity of Payton Capital by scaling larger loan deployments. The firm is now positioning its operations to aggressively capitalise on significant commercial real estate capital inflows.

The firm's decision to add dedicated regional leadership may lead to more personalised service and faster loan approvals for commercial real estate developers in Queensland, New South Wales, and the Australian Capital Territory. Clients should expect increased outreach as the firm seeks to deploy its $1.35 billion mandate.

The takeaway

The expansion reflects a strategic effort to utilise seasoned regional leadership to manage large-scale capital deployments. Investors and borrowers in the commercial sector should watch for increased lending capacity in the eastern states.