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Solomons Capital provides structured lending for property transactions that may require a more flexible approach, including deals where speed or tailored funding is required.
The private lender’s approach to property-backed private credit focuses on the underlying security, funding requirements, and exit strategy.
The lender’s private credit team will be available to LJ Hooker Home Loans as part of the new panel arrangement, with access to its key decision-makers during the assessment and approval process.
The addition gives brokers another funding option for transactions that fall outside conventional lending criteria or require a short-term financing solution.
The appointment marks another deal in a busy period for Solomons Capital, having recently been appointed to boutique aggregator Money Quest’s lender panel last month.
George Sattout, national manager at LJ Hooker Home Loans, said the lender would provide another pathway for brokers working on more complex property transactions.
“The addition of Solomons Capital to our lender panel enhances our ability to support transactions that require greater flexibility, speed, or a more specialised lending approach,” Sattout said.
Jonathan Lee, founding member of Solomons Capital, said private credit could be useful where transactions did not fit conventional lending criteria.
“Private credit can play an important role when transactions require a more tailored approach or fall outside conventional lending criteria,” Lee said.
Private credit gains momentum
The addition of Solomons Capital to LJ Hooker’s panel comes as a variety of aggregators step up their partnerships with private credit.
In August, Arc Money joined Purple Circle’s lender panel and was appointed a Purple Education Partner.
In the same week, Finsure expanded its white label offering through a partnership with Australian Secure Capital Fund (ASCF), giving access to bridging finance, first and second mortgages, and short-term business loans.
Meanwhile, in the non-bank space, AFG launched a partnership with Bridgit, while Mortgage Choice partnered with Skip on a new white label high LVR loan.
In commercial lending, BiiGGA joined Viking Aggregation’s commercial lending panel, giving brokers access to the lender’s working capital products for SME clients.
[Related: Brokers increasingly shift to non-banks in commercial lending]
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