Assetline Capital launches a ‘no val’ short-term lending solution

Assetline Capital has announced the launch of a no-valuation product, aiming to save borrowers time, cost and paperwork.

Speaking about the new product, General Manager of Distribution and Partnerships, Royden D’Vaz noted, “Assetline Capital recognised a gap in the market and worked with our broker network to develop a ‘no valuation’ product that benefits both the broker and the borrower.”

The ‘no valuation’ product is available in metro locations, with loan terms up to 24 months and loan sizes up to $3m. With no formal valuation report required, the loan is processed at a quicker speed with lower costs.

“Assetline has a dedicated in-house property research team which enables us to quickly assess the value of the property, saving the borrower time and costs of an external valuation report,” says D’Vaz.

This internal resource allows Assetline to move faster on approvals and provide brokers with greater certainty and confidence when submitting deals.

While private lending offers brokers and borrowers greater flexibility, D’Vaz notes the importance of choosing a reputable and experience lender in this space.

“Choose a lender that has a solid track record, works with leading aggregators, has stringent credit policies etc. While the sector has expanded rapidly, it’s important to note, not all lenders in this space are the same.”

Assetline Capital is part of the AltX Financial Group which has written more than $5.8bn in loans across 30-year mortgages, private lending, bridging and construction and development.

“Having access to a non-bank lender that has experience across a multitude of products, like Assetline Capital, can often be the difference between getting the deal or losing it.

Our national sales team is on hand to walk you through any scenarios you may have and find the right solution for you.”

Assetline Capital’s no valuation product is available now to all accredited brokers.

For further media information and interview requests please contact:

Aoife Reilly, Group Marketing Manager

areilly@assetline.com.au

0404 335 241