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Non-bank mortgage provider Funding has joined AFG's panel of lenders, expanding the financing options for the latter's clients
Chris Slater, head of sales and distribution at AFG, said the appointment of Funding to the panel marks the aggregators first deal with a short-term residential lender.
"Funding offers 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," he said.
With the deal, AFG brokers can offer short-term property-secured loans to their clients, who might struggle to find a bank that could meet their needs.
Funding's local credit assessment team based in the Gold Coast allows it to deliver quicker turnarounds.
Michelle Southern, national partnership manager at Funding, said the deal with AFG furthers the lender's commitment to be a trusted name in private lending and to be the go-to for faster and simpler short-term funding.
"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," she said.
