Oak Capital & Resicom combine to become a leading non-bank lender

Chief Executive and Co-Founder of Oak Capital, Stephen Mitchell has announced the full acquisition of Oak
Capital and will now form a group of specialist lending companies, in partnership with his other business,
Resicom, that begun in 2006.

Oak Capital was established in 2013 to service the growing Private Lending space in Australia. Since then the
company has established and grown its two Mortgage Fund options, lending mortgage products for business
purposes secured by real estate nationally. Oak Capital was initially founded by 4 partners, and overtime that
has been consolidated to now just that of Mr Mitchell.

Resicom was established in 2006 as a boutique mortgage management firm specialising in the second tier
lending market, partnering with some of the largest Non-Bank lenders and originating more than $500M of
loans per annum. Resicom is one of the most well-known specialist lenders in the Australian market.

Both companies will continue to retain their separate brands in market as the group consolidates its position
and staffing during the pandemic. Combined, the companies have over 30 staff with its head office in Collins
Street Melbourne, and combined Assets Under Management (AUM) of circa $700M. Excitingly, the group now
originates over $1.5B of loans per annum and have set a $1B target of AUM by 2022. CEO Stephen Mitchell
stated “$1B of AUM in our specific non-bank market of relatively short-term transactions would make us one
of the largest lenders in this space, and will set us up to become Australia’s preeminent mid-tier non-bank.
The combination of the two businesses eventually becoming one, is exciting and a unique structure not truly
replicated in market”.

This unique structure of Mortgage Funds complimented by specialised mortgage management products will
ensure that the group is the ‘go to’ provider of specialist and bespoke lending to its broker, accountant and
other intermediary clients. The group has made new appointments, employing 6 new staff in the last 3 weeks
remotely in Victoria, which Mr Mitchell said was no mean feat. Key management appointments include Craig
Robertson, already a 5-year member of Resicom is moving to Head of Business & Risk, Janai Hunter, again an
8-year Resicom veteran is becoming the companies Head of People & Culture. In a fillip for the company, Oak
Capital has also appointed Nick Green as Head of Distribution.

Mr Mitchell welcomed Nick to both the Oak Capital and its subsidiary Resicom. “As we scale up our business after
the full acquisition,, Nick’s knowledge, experience and networks will enable him to make a major contribution“,
Mr Mitchell said further, “In particular, Nick will spearhead our combination of Funds Manager and Mortgage
Manager, drawing on our ability to provide brokers and referring clients with a streamlined yet flexible product
offering with competitive pricing structures.”

Further to this, Oak Capital Director and Head of People and Culture Janai Hunter added that “Nick’s
appointment heralded a new chapter