AFG adds non-bank to its lender panel

It marks the first time a short-term residential lender has been made available to the group’s brokers

AFG adds non-bank to its lender panel

Australian Finance Group (AFG), one of Australia’s largest broking groups, has announced the addition of non-bank mortgage lender Funding to its lender panel.

Based in Queensland, Funding is a short-term private lender that offers first and second registered mortgages.

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Chris Slater, head of sales and distribution at AFG, said that he welcomed Funding to its panel, adding that the appointment “marks the first time a short-term residential lender has been made available to our brokers.”

“Funding offer short term property secured loans for many objectives, including bridging loans, business and personal loans, development and construction loans, and many other purposes with loan terms from three months to three years,” said Slater. “If a borrower only requires funds for a short term, rather than a 30-year home loan, they can often struggle to have a bank meet their needs. With a local credit assessment team on the Gold Coast, Funding is also known to deliver a quick turnaround, which is important to brokers and to borrowers.”

Meanwhile, Michelle Southern, national partnership manager at Funding, said that the non-bank lender is “super excited to partner with AFG and provide our product to their professional network of brokers.”

“This partnership furthers Funding’s mission to be the trusted name in private lending providing faster, simpler, short-term funding,” said Southern. “Now is the perfect opportunity for brokers to consider private lending as a credible solution for borrowers seeking fast and flexible property finance outside traditional lenders.”