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Arc Money named Tony Barbone as its head of distribution, as the non-coded mortgage lender announced it was shifting its focus towards distribution growth following an expansion of its funding platform and product offering.
Barbone previously founded and operated his own private lending business and will be responsible for strengthening broker relationships and expanding the lender’s national distribution network.
Barbone’s appointment follows a period of growth, according to the lender, which was launched at the end of 2024 by former MKM Capital (now MA Money) founders Graham Mendelowitz and Mervyn Kark, alongside Eddy Shapiro.
Arc Money said its lending pipeline has more than tripled over the past three months, driven by increasing broker demand for non-coded lending solutions.
Arc Money now provides finance across a range of non-coded lending segments, including low-care NDIS lending, residential (for business and investment purposes) and commercial loans of up to $15 million, construction and development finance, and lending secured by specialised assets.
The lender also said it has expanded its funding base through a range of institutional relationships, including warehouse facilities, family office capital, and asset management funding lines, allowing it to broaden its lending offering.
Founding director Mendelowitz said the expanded funding platform had enabled the lender to provide brokers with greater flexibility across a broader range of transactions.
“Our diversified funding platform has fundamentally changed what we’re able to offer brokers and their clients,” Mendelowitz said.
“The current market environment is driving increased demand for experienced non-coded lenders. Brokers are looking for certainty of funding, commercial decision making and the ability to structure transactions that fall outside conventional lending policies.”
Under Barbone’s leadership, Arc Money said that it intends to continue its expansion of its distribution team while also growing its relationships with aggregators and technology-enabled origination platforms.
[Related: Policy and personnel drive lender choice across commercial loans]
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