Assetline Capital sees a 35% increase in bridging loan settlements

Assetline Capital has announced a substantial 35% increase in year-on-year loan settlements for its bridging finance product. This growth highlights the market demand for consumer bridging loans including Assetline Capital's dedication to providing fast, flexible financial solutions.

“It’s no secret that bridging loans are increasingly sought after by borrowers. This is largely due to a weakened ability to save for property purchases across the board amidst the cost-of-living crisis (ABS, 2024). With the ability to offer conditional approval in under 24 hours, maximum loan values up to $10m and loan terms up to 12 months, we have seen a surge of brokers requesting bridging finance options for their clients,” believes Royden D’Vaz, GM – Distribution and Partnerships.

The consumer bridging product is one of four product groups that the non-bank lender offers, which also includes long-term mortgages, construction and development finance, and private lending solutions.

“Assetline offers a full-service approach for both brokers and their clients,” says D’Vaz. “We hope to continue building this success, offering brokers great flexibility, and further solidifying Assetline’s position as a trusted and innovative non-bank lender.”

The last year saw significant developments for Assetline Capital, including the launch of its long-term mortgages for consumers, the appointment of state managers across the eastern, seaboard and the expansion of its construction product offering.

“In the next 12 months, brokers can look forward to more innovation and progress with Assetline, as we continuously strive to enhance our technology offerings and refine our short- and long-term loan processes to better support the success of our broker partners and their clients,” comments D’Vaz.

The non-bank lender has now funded more than $3.3 billion in loans to its broker network since inception.

For further media information and interview requests please contact:

Aoife Reilly, Group Marketing Manager

areilly@assetline.com.au

0404 335 241