Qualitas boss Andrew Schwartz says the listed real estate financier is “very comfortable” with its exposure to the collapsed Caydon Property Group after a report by liquidators revealed it had lent the developer $63.5 million through a “cash advance facility”.

The report by group liquidator Malcolm Howell of Jirsch Sutherland, lodged with ASIC on October 21, also revealed unsecured creditors were owed more than $235 million and were unlikely to get any money back.