One of Australia’s leading commercial aggregators now offers its brokers more options for complex, high stakes deals, with the recent announcement of a partnership with alternative lending provider Assetline Capital.
Finance and Systems Technology (FAST)’s commercial brokers now have direct access to a diverse range of non-bank bridging, long-term horizon mortgages and construction loans, after adding Assetline Capital to its panel of lenders. Following an extensive due diligence process, this announcement signals a new milestone in the strong relationship between the lender and FAST.
We have been proactively focusing on partnerships with like-minded brokers – and with groups who value our ability to make sensible business decisions, at speed. As an established non-bank lender, we know these relationships give brokers and borrowers confidence in taking complex scenarios to us.”
As a non-bank lender with a 10-year track record, fintech capabilities, and significant property expertise, Assetline Capital is able to structure deals without the constraints and red tape of traditional bank processes.
“With the support of our in-house valuation and credit teams, we assess every deal on its own merits and have developed products to solve problems other lenders can’t,” says Paul.
FAST is part of the recently expanded Loan Market Group. Its Group Executive, Commercial & Asset Finance, Stephen Scahill says Assetline Capital’s commitment to delivering results makes it a good fit for the aggregator group.
The diversity of Assetline’s products and solutions, and the speed of its decision-making, further strengthens the service FAST brokers deliver to their clients.”
“Over the last two years, business owners and investors have been looking to expand operations, review their finance structure and diversify their portfolios. The addition of Assetline Capital to FAST’s lender panel creates more opportunities for brokers when servicing their commercial clients,” says Stephen.
According to FAST’s latest Business Lending Index Report, brokers believe the appetite for commercial property investment lending and refinancing will remain strong. Just over half say they expect to write an increased volume of deals in that sector.
Assetline Capital has become known as a ‘go to lender’ for Australian brokers, especially for complex or time-pressured opportunities. “Not many lenders can step up with $30 million in bridging finance, or are willing to structure construction lending without pre-sales,” notes Paul.
“Throughout the challenges of the last two years, we continued to turn around deals in as little as 48 hours. Our broker partners value that level of responsiveness and transparency, and it gives their clients an advantage in this market.”
Paul plans to spend the next few months strengthening relationships with FAST’s brokers, State Managers and Business Development Managers.
“We’ve seen the value FAST’s leadership and Partnership Managers bring to deal conversations, and know they prefer being able to bring deals to panel lenders. For us, it’s important to collectively find a solution – to meet with the broker, the client and their advisers.”
As a major sponsor of FAST’s 2022 Professional Development and conference, Assetline Capital’s leadership team is also looking forward to sharing their insights as part of the network.
“People are often surprised by the size and scale of our business, and the depth of analytics and property insights that we offer,” says Paul. “The partnership with FAST allows us to share that with a greater number of experienced commercial brokers.”
To learn more about Assetline Capital’s products and capabilities, please get in touch.