It offers rate cuts, higher loan limits, and expanded broker training
Non-bank lender ORDE Financial has enhanced its residential construction loan products, introducing reduced rates across all offerings and loan-to-value ratios (LVRs).
The lender has also increased educational support for brokers, reflecting its commitment to meeting broker needs and adapting to the changing construction finance market.
“We anticipate continued strong growth in demand for construction financing across a diverse range of borrower profiles and situations,” said Lee Prior (pictured above), director of distribution at ORDE Financial. “Our updates allow brokers to offer an even more competitive solution to customers who are building one or more securities and renovating.”
ORDE first launched its residential construction loans in August, targeting borrowers with alternative documentation (Alt Doc) needs or those facing credit challenges. The lender has since made changes to the product, including raising the maximum loan size to $2.5 million in October, and now implementing rate reductions.
Beyond product improvements, ORDE emphasises broker education and personalised support. Brokers working with the lender gain direct access to experienced teams to assist at every stage of the deal process. In addition, ORDE has expanded its training initiatives, following strong engagement during its September “Intro to Construction” webinar, which featured a Q&A session with deputy head of credit Luke Jones.
A second webinar, scheduled for Tuesday, November 26, and still open for registration, will provide further opportunities for brokers to deepen their understanding of construction lending. Andrew Perkins, property research director at Wingate, will open the session, offering insights on construction market trends and emerging opportunities.
The panel will also include Luke Jones and Craig Meale, Senior BDM at ORDE, with Tim Ford, Head of Strategic Partnerships, moderating the discussion. The session is open to brokers at all levels, whether they are new to construction loans or already experienced in the field.
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