Non-bank finance group, Chifley Securities, said it received loans worth A$1.87 billion for the 2017 calendar year, and stated this set a new record level for the company, funded by a small group of high-private-net-worth individuals.The second half of the year saw Chifley lift its lending to property developers and investors by 15 per cent over the previous corresponding period, with a $282 million contribution by its recently launched Chifley Aggregation, which reportedly provides brokers with access to more than 100 private lenders and loans of up to $50 million. The group's principal, Joe Morello, said many more apartment buyers were not settling on their off the plan purchases and developers across the East Coast were holding the stock and renting out the apartments instead of selling them at a discount. Morello said the non-bank lending sector was gaining strong recognition amongst developers and land owners as many had been neglected by the major banks in recent months as a result of tighter credit controls."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 said.