05 July 2012 6:55am

Mortgage funder Pepper Australia is diversifying with the acquisition of a real estate advisory business.

Pepper announced yesterday that it had reached agreement to buy Grant Samuel Property. It plans to develop a range of commercial loans to complement the new business.

It is the third acquisition in as many months for a firm founded in the mid-2000s as a specialist provider of non-conforming home loans.
 
In May Pepper announced the purchase of a A$150 million equipment finance portfolio from Suncorp Metway. Last month the firm acquired a €600 million portfolio...