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Non-bank lender Assetline Capital has announced an increase of 35 per cent over the 2024 calendar year in loan settlements for its bridging finance product. This product was introduced as a way to accommodate broker needs and growing market demand.
Royden D’Vaz, general manager of distribution and partnerships, commented on this surge: “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 $10 million and loan terms up to 12 months, we have seen a surge of brokers requesting bridging finance options for their clients,” D’Vaz said.
This bridging loan product is one of four product groups offered by Assetline Capital. The others include long-term mortgages, construction and development financing and private lending solutions.
Assetline Capital announced the improvement to its Horizon Mortgages range in November 2024, increasing loan size limits and broadening borrower eligibility.
Horizon Mortgages, which launched in 2022, now offers loan sizes of up to $5 million, loan-to-value ratios of up to 85 per cent on residential and 65 per cent for commercial. These offerings have now been opened up to individual, trust, SMSF and corporate borrowers.
“Assetline offers a full-service approach for both brokers and their clients.
“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.
“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,” D’Vaz said.
According to the non-bank lender, it has now funded more than $3.3 billion in loans to its broker network since its inception.
This comes as Assetline Capital appointed state managers across the eastern seaboard, most recently with the addition of Arthur Karvelas to the Victorian sales team as its new state manager, along with the promotion of Sydney-based business development manager Laura Stanley as the lender’s NSW state manager.
[RELATED: Non-bank lender expands long-term loan offerings]
