MA Money has rolled out a new loan product to assist borrowers who may have been turned away by traditional lenders.
Backed by the non-bank mortgage lender’s parent company MA Financial, MA Money Private will complement MA Money’s current product suite with the ability to assist customers who have specific requirements that don’t fit in prime, near prime, near prime plus, or specialist.
Chris Wyke (pictured above), joint CEO of MA Financial, said the launch of MA Money Private highlighted the synergies of the two organisations since MA Financial fully acquired MA Money.
“This is a great example of how we can leverage our financial expertise to enable MA Money to assist a wide range of borrowers who may not fit within traditional lending criteria,” Wyke said.
Alex Brgudac, MA Money's head of sales and strategic partnerships, said MA Money Private can offer loans from $500,000 up to $200 million.
“This means we can help customers get the finance they need to succeed, when they need it and even support large-scale projects that create a better future for thousands of Australians,” Brgudac said.
The MA Money sales leader said this latest offering is another example of the product growth and innovation from the company, which also recently added new LVR bands and lowered its rates by up to 50 basis points on its existing portfolio of prime, alt doc, and specialist loans.
MA Money also further expanded its NSW/ACT sales team, after experiencing strong growth with great support from brokers.
Torri Martin was appointed state manager and Nik Thurgood was named senior BDM.
“We look forward to providing amazing service and support as more brokers are turning to MA Money as a non-bank lender of choice,” Brgudac said in a media release.
MA Money, formerly MKM Capital, was fully acquired by MA Financial early last, with the business having undergone significant change and a new leadership team since MA Financial took full control. The non-bank is part of MA Financial, a diversified financial services business that also owns aggregator group Finsure.
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