It now offers long-term loans up to $5 million
Assetline Capital has expanded its Horizon Mortgages product range, introducing long-term loans up to $5 million for individual borrowers.
The updated suite also broadens borrower eligibility, now accommodating individuals, corporations, trusts, and self-managed super funds (SMSFs).
The enhanced Horizon Mortgages offer loan-to-value ratios (LVRs) up to 85% for residential properties and 65% for commercial properties, with options for prime, near-prime, and specialist lending.
For Royden D’Vaz (pictured above), general manager of distributions and partnerships at Assetline Capital, the expansion addresses a gap in the non-bank lending sector for larger long-term loans, particularly for residential properties.
“Since launching Horizon Mortgages in late 2022, we’ve become a trusted provider in the long-term lending space for full-doc, alt-doc, and SMSF solutions,” D’Vaz said. “By increasing the loan size to $5 million and making it accessible to individual borrowers, we aim to support brokers and their clients with more flexible options.”
The move is part of Assetline Capital’s strategy to position itself as a full-service lender, adding to its portfolio of long-term loans, short-term capital, construction, and bridging finance solutions.
D’Vaz noted that demand for comprehensive lending options has been strong in 2023, with brokers and borrowers seeking “one-stop-shop” solutions that allow for easy transitions between different financing products.
“We’re here to give brokers the tools to assist a variety of borrowers,” D’Vaz said. “Whether it’s refinancing a short-term loan into a 30-year full-doc loan or transitioning from a construction loan to a long-term alt-doc loan, we want to make the process straightforward, with no clawbacks.”
The product update comes amid a year of growth for Assetline Capital, which has also expanded its sales team and introduced state managers and a head of commercial lending to strengthen broker support across its network.
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