A decade of change in property lending

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When we finalised our first deal in 2012, the GFC was still visible in the rear-view mirror. Our first foray into mortgage lending was a $200,000 loan, secured against a restaurant in Melbourne and repaid in five months.

Serious Capital. Made Simpler. | Assetline Capital

Ten years later, you could add at least another zero to a typical deal at Assetline. But through post-GFC regulatory change, property cycles and Covid, the premise has stayed the same: there are good opportunities out there that the banks aren’t set up to fund. This funding gap places limitations on property developers, entrepreneurs and business owners who have everything else in place to succeed. They just need capital.

As non-bank lending has matured over the past 10 years, so has our business. Our new look and feel reflects the shifts we’ve seen in the space – but what hasn’t changed is our focus on getting results. Results for brokers, for borrowers and for developers.

What Assetline Capital stands for is relatively simple: certainty. If we believe in a deal, we’ll roll up our sleeves to make it happen. That’s what our partners value most, whether they are borrowers, brokers or accountants. And behind the scenes, it takes a lot of discipline, expertise and resources to make that relatively simple approach a reality.

Scale with a start-up mentality

With over 1,000 deals worth $1.2 billion under our belt and a proven leadership team in place, we’re ready to start the next chapter in Assetline’s story. That includes establishing an on-the-ground presence in Melbourne, and building the capacity to get deals done across Australia. We have all the benefits of a decade of experience and knowledge, a strong balance sheet – and a start-up mindset that is still prepared to challenge the status quo.

And we’re part of a growing alternative lending ecosystem. Borrowers and brokers no longer question the merits of choosing a non-bank lender. It’s simply a case of finding the right funding structure and partner for the deal. More often than not though, we find borrowers have more complex scenarios and need to be confident they can settle in days or weeks – not months.

As non-bank lending has matured over the past 10 years, so has our business. Our new look and feel reflects the shifts we’ve seen in the space – but what hasn’t changed is our focus on getting results.

Building trust takes time

One of our broker partners told us they estimate non-bank lending represents around 10% of the $300 billion commercial lending market – and is likely to double in the next five years. Other estimates predict it will hit $50 billion by 2024

That’s from virtually zero just a decade or so ago.

However, not all alternative lenders are equal. Brokers also tell us they get calls every week from new non-bank lenders – and these brokers say they have to be very careful to filter out the opportunistic players for their clients. They don’t want short-term thinkers. They want well-funded long-term partners who will be there from DA to the final release. Who will constantly adapt to market needs, developing new products. Who have the in-house capacity to consistently deliver. And most importantly, a lender that will continue to get them results in 10 years’ time.

One decade on, we have the scale and skills to help support your clients and grow your business. So if you’d like to turn our experience to your advantage, please get in touch.

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