AFG adds a short-term lender to its panel

The aggregator has added a private short-term lender to its panel of lenders, marking the first time that a short-term lender has been made available to its brokers, AFG said.

Australian Finance Group (AFG) has appointed the non-bank mortgage lender, Funding, to its panel of lenders.

According to AFG, Funding is a private short-term lender that offers first and second mortgages.

According to Funding, it serves borrowers with short-term loan needs (for example, six to 24 months instead of a 30-year home loan) and also offers loans to independent borrowers, as well as debt consolidation services. debts.

AFG said the financing products are available to AFG brokers, starting March 24.

Commenting on the addition of the lender, Chris Slater, AFG’s sales and distribution manager, said: “Funding’s appointment to the AFG panel marks the first time that a short-term residential lender has been made available to our brokers.

The financing offers short term loans secured by real estate for many purposes, including bridging loans, business and personal loans, development and construction loans and many other purposes with loan terms of three months. at three years. If a borrower only needs funds for a short term, rather than a 30-year home loan, they can often struggle to find a bank to meet their needs.

“With a local credit assessment team on the Gold Coast, Funding is also known to offer a quick turnaround time, which is important for brokers and borrowers. “

National Partnership Fundraiser Michelle Southern said, “We are delighted to partner with AFG and deliver our product to their professional network of brokers.

“This partnership reinforces Funding’s mission to be the trusted name in private lending, providing faster, easier, short-term financing.

“Now is the perfect opportunity for brokers to consider private loans as a credible solution for borrowers looking for quick and flexible real estate financing outside of traditional lenders. “

AFG recently announced that the group is offering brokers a trail book market, which is managed by TrailBlazer Finance, a track book buyer and M&A consultancy firm, which recently joined AFG commercial panels and asset financing.

[Related: AFG adds specialist lender to lender panel]

AFG adds a short-term lender to its panel

The advisor's logo

Last updated: March 24, 2021

Posted: March 25, 2021

Grow your business exponentially in 2022!

Discover the right strategies for building more structured, efficient and profitable businesses with The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

your coins

Malavika Santhebennur

Malavika Santhebennur

Malavika Santhebennur is the Mortgage Securities Editor at Momentum Media.

Prior to joining the team in 2019, Malavika held positions at Money Management and Benchmark Media. She has been writing about financial services for six years.

Previous Deutsche Bank firmly maintains its lending activities to CRE despite bad press - Commercial Observer
Next Merger of TV18 Broadcast, Hathway, Den Networks with Network18 canceled