Street Talk

Metrics-funded Northern Beaches development heads for court

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 9, 2025 – 9.00pm

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Flare-ups in Metrics Credit Partners’ real estate lending portfolio have shifted to Sydney’s Northern Beaches, where the project’s developer and a rival non-bank lender have landed in court.

Street Talk understands Metrics temporarily paused funding a Sam Mustaca-led residential development in Warriewood in recent weeks as it entered the final stages of development.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.