More brokers gain access to the lender’s short-term commercial finance offering
Private lender Aquamore has been added to the LMG lender panel – a move that aims to bolster broker capabilities in offering short-term commercial finance to those needing alternative funding.
“We have witnessed the growth in private lending over a number of years and the recent acceleration of this growth,” said Stephen Scahill (pictured left), group executive of commercial finance at LMG. “We are committed to partnering with quality private lenders as demand continues to grow in this segment, and there is a genuine need for this funding from a portion of our broker’s customer base.”
Matthew Porch (pictured right), head of distribution at Aquamore, underscored the lender’s commitment to providing brokers with customised commercial finance options, especially in the growing sector of SMSF lending.
“Aquamore is well-placed to support businesses with a spectrum of credit levels,” Porch said. “Every deal is treated on a case-by-case basis, applying a judgemental credit approach versus being policy-based. This methodology evaluates and mitigates the risk in order to consider the deal holistically.”
“The demand for commercial finance through brokers is absolutely on the rise,” Scahill said. “Brokers have done a wonderful job representing their customers in residential finance, and many of those same customers are turning to brokers to solve their business finance needs. Ensuring our brokers have a range of solutions to meet their customer’s expectations is critical to LMG, and we are excited about our partnership with Aquamore.”
Founded in 2016, Aquamore is known for its institutionally backed, property-secured commercial loans, accessible exclusively through brokers. The company offers commercial finance products tailored to diverse credit profiles.
LMG, the largest aggregator group in Australia and New Zealand, supports over 6,000 brokers on residential, commercial, and asset finance. The family-owned group partners with over 70 banks and lenders, facilitating significant loan volumes, with brokers assisting in settling loans worth over $130 billion in FY23 and managing a collective loan book valued at $350 billion.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
