New commercial & residential loan alternatives for LMG & Loan Market brokers

More than 5,000 additional Australian brokers now have access to Assetline Capital’s full suite of non-bank lending solutions, including long-term Horizon Mortgages, for business and SMSF loans, as well as bridging loans and construction finance. 

Key points:

• A wider broker base can access non-bank lender Assetline Capital’s full suite of lending solutions, with Assetline’s addition to the LMG and Loan Market panel

• Assetline Capital offers a complete range of commercial and residential loans, including long-term Horizon Mortgages, as well as bridging loans, short-term and construction finance

• With current borrowing capacity constraints, brokers are looking for a wider range of options for their clients and increasingly turning to non-bank lenders

• Broker market share is growing, and with it, the need for better access to a wider range of products and solutions

• The expanded partnership builds on the success FAST brokers have already experienced with the established non-bank lender.

This move will open up opportunities for all LMG and Loan Market; over one million clients can now access more flexible options for commercial and residential lending. That includes business borrowers, developers and SMSFs who find it increasingly difficult to secure capital at the bank. 

Assetline Capital is a well-established commercial non-bank lender known for taking a more flexible approach to structuring deals. With an 11-year track record and significant property and construction expertise, Assetline Capital assesses every deal on its own merits to find solutions – even for complex scenarios or property portfolio structures. With a full suite of products, Assetline Capital is equipped to help brokers with a wide range of solutions, from residential to commercial, short-term and long-term.

“Now, when brokers are accredited with Assetline Capital, they get the convenience of easy access to a full suite of solutions for their clients. And across every scenario, they know we’re quick, we make common sense commercial decisions, and they can speak with a credit decision maker,” adds Royden. This is especially valuable for brokers who are finding it difficult to place borrowers with traditional lenders in the current market, and for business owners and developers whose profits are feeling the effects of the downturn. With broker market share at an all-time high of over 70%, the need for alternative solutions has never been greater. 

Stephen Scahill, Group Executive Commercial Finance at LMG, says the expanded partnerships will open up new opportunities for brokers to diversify their business to a broader group of clients.

With non-bank residential mortgage lending growing by roughly 15% per year, it’s clear brokers increasingly see non-banks as an important alternative in meeting the evolving needs of borrowers. Since the FAST partnership was announced in December 2021, FAST brokers have been quick to bring scenarios to Assetline Capital. 

“I prefer to deal with non-banks anytime. With a lender like Assetline Capital, I can talk to the decision-maker and see if we can work something out. It wouldn’t be as easy or fast working with the bank,” says Irina Maymon, of Melbourne-based Access Lending. 

Royden looks forward to building and strengthening Assetline Capital’s relationships with LMG’s brokers, Business Development Managers and State Managers over the next few months.

“Getting out there and growing our partnerships is a natural next step for us as we look to expand and raise awareness of what we can offer the industry. With a full suite of solutions in one place, we make it easier for brokers to solve more problems for their clients and expand their own businesses to areas like commercial, bridging and SMSF loans. I encourage LMG brokers to get accredited with us so we can work with them to diversify and grow their book,” believes Royden. 

To launch Assetline Capital’s partnership with LMG and Loan Market, National Head of Sales and Distribution Royden D’Vaz is hosting a live webinar for LMG and Loan Market brokers on Thursday March 2nd at 12:00pm (EDST).

To learn more about Assetline Capital’s products and capabilities, please get in touch.