Broker demand rises as cost-of-living pressures drive interest in short-term finance
Non-bank lender Assetline Capital has recorded a 35% year-on-year increase in loan settlements for its bridging finance product, reflecting growing demand for short-term property finance options.
“It’s no secret that bridging loans are increasingly sought after by borrowers,” said Royden D’Vaz (pictured above), general manager of distribution and partnerships at Assetline Capital. “This is largely due to a weakened ability to save for property purchases across the board amidst the cost-of-living crisis.”
Assetline’s bridging finance product offers conditional approval within 24 hours, loan amounts up to $10 million, and terms of up to 12 months.
“We have seen a surge of brokers requesting bridging finance options for their clients,” D’Vaz said.
Bridging finance is one of four key product groups offered by Assetline Capital, alongside long-term mortgages, construction and development finance, and private lending.
“Assetline offers a full-service approach for both brokers and their clients,” D’Vaz said. “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.”
Over the past year, the company has expanded its offerings, launching long-term mortgages for consumers, appointing state managers across the eastern seaboard, and enhancing its construction finance products. Looking ahead, Assetline plans to advance its technology and refine its lending processes.
“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.
Since its inception, Assetline Capital has funded more than $3.3 billion in loans through its broker network.
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