Short-term solutions for long-term success
1 Jan 2024
Share it to
At Assetline Capital, we recently expanded our range of short-term capital products to meet the unique needs of more borrowers.
We've also made lasting improvements to our short-term offerings, including extending the maximum loan period to 36 months and shrinking turnaround times, with same-day indications on applications. We spoke with Royden D'Vaz, National Head of Sales and Distribution, about how brokers and borrowers can benefit from Assetline's enhanced short-term capital solutions.
Commercial and property developer borrowers are increasingly taking advantage of short-term loans to address their diverse financial needs and objectives in an uncertain market. "Our range of short-term lending options allow brokers and their borrowers to move quickly in changing market conditions," D'Vaz says. "These lending solutions offer a new level of flexibility, helping business borrowers and property professionals to make the most of more opportunities."
Longer maximum loan terms
In this changing market, thankfully the advantages of our expanded short-term capital product range are permanent.
Foremost among them, we've extended the maximum term of our short-term capital lending product to 36 months. "Among our competitors, an 18-month maximum is common for short-term loans," says D'Vaz. "But brokers around the country say that's too short for many customers. They wanted to keep the minimum and extend the maximum term. We listened intently to feedback and made it happen."
Assetline's 36-month maximum term promises to alleviate the time pressure felt by borrowers and reduce the demand for loan extensions and the need to pay another upfront fee. D'Vaz says, "A 36-month term product provide more comfort and flexibility than a shorter-term loan."
Shorter turnaround times
We've also reduced our turnaround times for short-term loan applications. Assetline provides a same-day indicative offer, and settlement just 48 hours from valuation. "Timeliness is critical when it comes to helping borrowers maximise their opportunities," says D'Vaz. "Our rapid turnarounds provide brokers and borrowers with the certainty they need."
Assetline's shorter processing times are a solution to an industry-wide problem. Brokers and clients report increasing frustration with other lenders' variable and excessive discharge times. Not only are lagging processing times costly, inconvenient, and stressful, they can potentially derail property sales and refinancing. The ACCC recently called for all lenders to be subject to a maximum of 10 business days to complete the discharge process, but their recommendation is yet to see any action within government. "We have a proven track record for getting deals done quicker," D'Vaz. "Shorter processing times are more convenient, more efficient and less stressful, which ultimately means a far better customer experience overall."
Extensive product range
Assetline offers a range of short-term products to suit a wide variety of borrowers, including working capital, SMSF, refurbishment, partially constructed, non-resident and residual stock loans.
With short-term capital loans of up to $40 million, businesses and property developers can settle on time, refinance or release equity in their residential or commercial assets. SMSF borrowers also stand to benefit from short-term loans of up to $10 million. "Our competitive offerings will help fund SMSF property purchases. This is a rapidly growing area of finance, and one that we're committed to supporting brokers and borrowers in," says D'Vaz.
Property owners can also access cash out to complete non-structural refurbishments with Assetline's short-term solutions. Such benefits aren't limited to Australian residents, with Assetline offering short-term solutions for non-residents with business ties in Australia. On a larger scale, developers with residual stock can safeguard their investment with a short-term loan of up to $40 million, secured against the unsold dwellings.
Find your Assetline short-term solution
D'Vaz says, "The first step for brokers and borrowers with a short-term scenario is to contact their Assetline BDM. We're partners, we want to support brokers to help them grow their businesses.
Assetline's short-term capital products can provide a pathway to long-term growth. From scenario to solution, we'll be there every step of the way.
News & Insights
Read some good stuff about lending and finance!