Specialist non-bank lender Assetline Capital has joined FAST’s lending panel, providing brokers with quick turnarounds for SME property-backed deals.
FAST, a leading commercial and business-lending broker network within the Loan Market Group, sees value in Assetline Capital’s proven track record in funding property-backed transactions.
The non-bank lender has a diverse product set including bridging loans and construction lending with zero pre-sales, giving FAST broker clients more options in a competitive market.
Following an extensive due diligence process, FAST brokers now have direct access to Assetline’s bridging, long-term horizon mortgages and construction loans.
Loan Market group executive, commercial and asset finance, Stephen Scahill (pictured) said Assetline Capital’s commitment to delivering results was a great fit for FAST.
“The diversity of Assetline’s products and solutions, and the speed of its decision-making, further strengthens the service FAST brokers deliver to their clients,” Scahill said
“Over the last two years, business owners and investors have been looking to expand operations, review their finance structure and diversify their portfolios. The addition of Assetline Capital to FAST’s lender panel creates more opportunities for brokers when servicing their commercial clients.”
Brokers believe commercial property investment lending and refinancing will remain strong, according to FAST’s latest Business Lending Index Report. More than 50% of brokers say they expect to write an increased volume of deals in the sector.
Assetline Capital has the reputation of being the “go to lender” within the commercial finance industry with its 10-year track record, property expertise and ability to structure deals without the constraints of the traditional bank process.
“With the support of our in-house valuation and credit teams, we assess every deal on its own merits and have developed products to solve problems other lenders can’t,” said Assetline Capital managing director – property lending Paul Munt (pictured above) said. “Not many lenders can step up with $30 million in bridging finance or are willing to structure construction lending without pre-sales.’’
Munt said brokers can have confidence that Assetline Capital will deliver on its promises.
“We have also continued to turn around deals in as little as 48 hours, throughout the challenges of the last two years,” he said. “Our broker partners value that level of responsiveness and transparency, and it gives their clients an advantage in this market. The partnership with FAST allows us to share that with a greater number of experienced commercial brokers.”
