Non-bank finance group, Chifley Securities - which has a focus on lending to property developers - said it lifted lending for the mutual sector by 140 per cent over the previous corresponding period.The lender reported strong demand from commercial and residential property developers who do not fit the banks' new lending criteria, which has recently been tightened by the Australian Prudential Regulation Authority in line with Basel III regulations.Chifley Securities principal Joe Morello said: "We are witnessing property developers being squeezed by very restrictive loan to valuation ratios now being imposed by the major banks."Meanwhile Chinese property developers and owners are also being squeezed by new foreign capital outflow restrictions being imposed by the Chinese Government, presenting a great opportunity for second and third tier lenders to fill the vacuum." he added.The group now has A$880 million in current loan applications for projects, with loans ranging in size from $5 million to $60 million in first mortgages, land banking and construction finance.