Assetline Capital has joined the LMG and Loan Market panel, providing more than 5,000 Australian brokers access to the non-bank lender’s wide range of flexible lending solutions, from residential to commercial, short-term and long-term.
‘‘We’re excited to deepen our relationship with LMG. As the first commercial non-bank lender to offer a full suite of solutions, we have the capacity to help more brokers diversify their client base and find the right option for different scenarios,’’ said Royden D’Vaz (pictured above), national head of sales and distribution at Assetline Capital.
Assetline Capital is a well-established commercial non-bank lender with an 11-year track record and significant property and construction expertise.
‘‘Now, when brokers are accredited with Assetline Capital, they get the convenience of easy access to a full suite of solutions for their clients,” D’Vaz said. “And across every scenario, they know we’re quick, we make common sense commercial decisions, and they can speak with a credit decision-maker.”
With the broker market share hitting an all-time high of over 70%, the need for providing brokers better access to a wider range of products and solutions is growing. This is especially valuable for brokers who are finding it tough to place borrowers with traditional lenders in the current market, as well as for business owners and developers whose profits are impacted by the downturn.
This new tie-up builds on the success of Assetline Capital’s partnership with FAST, which was announced in December 2021.
Stephen Scahill, group executive commercial finance at LMG, said the expanded partnerships will provide brokers access to new opportunities to diversify their business to a broader group of clients.
This as non-banks are becoming increasingly important in meeting the evolving needs of borrowers, with non-bank residential mortgage lending growing roughly by 15% per year.
D'Vaz said he looks forward to building and strengthening Assetline Capital’s relationships with LMG’s brokers, business development managers, and state managers.
‘‘Getting out there and growing our partnerships is a natural next step for us as we look to expand and raise awareness of what we can offer the industry,” he said. “With a full suite of solutions in one place, we make it easier for brokers to solve more problems for their clients and expand their own businesses to areas like commercial, bridging and SMSF loans. I encourage LMG brokers to get accredited with us so we can work with them to diversify and grow their book.”
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