Bridging finance lender Bridgit has reached $1 billion in its loan book, a milestone the company is marking with a $20,000 commitment to mental health charity Beyond Blue.
To mark the milestone, Bridgit is donating $10,000 to Beyond Blue and will match further donations from staff and the broader broker community dollar-for-dollar, up to a combined $20,000. Brokers and customers can contribute via a link available on Bridgit's website.
Co-founder and CEO Aaron Bassin (pictured) said the choice of charity reflected ties within the business and its broker network.
"With a milestone like this, I believe that for any business it's important to give back to the community. Beyond Blue is a charity close to many of us at Bridgit and to the broker community so it was a no brainer that this was who we supported first," Bassin said.
Founded in 2021, Bridgit has financed more than $6 billion worth of residential real estate cumulatively since inception, of which $1 billion currently sits on its loan book. The company has supported over 10,000 Australian homeowners to date, works with 85% of the broker market, and reports an average customer credit score of 900, a figure it attributes to the speed and security of its lending model.
That broker-led reach has been built through a string of panel additions over the past year — Bridgit has joined lender panels at Specialist Finance Group, Yellow Brick Road, and mortgage aggregator LMG, with chief commercial officer Stephen Doyle saying the SFG deal "expands our access to a strong and growing broker network across the country."
Bassin said the pace of growth had exceeded his own expectations.
"When I started Bridgit five years ago, I didn't think about something like this happening so quickly," he said. "We are redefining an industry that was stuck in the past, with a business that is dedicated to helping people buy now and sell later using technology to get them there faster."
The timing aligns with a regulatory tailwind for the sector: since February, APRA has exempted owner-occupier bridging loans from its new debt-to-income lending cap on banks, a carve-out designed to "enable the smooth functioning of property transactions and avoid constraining incentives for the supply of new housing."
Bassin credited the broker channel directly for the milestone.
"We could not have done this without the support of the broker community, our customers, and most importantly the Bridgit team who have worked so hard," he said.
Bridgit said it points to a broader shift in how Australians are approaching property transactions, using bridging finance to buy before selling, and that it intends to continue expanding its position in the non-bank lending market through the rest of 2026.
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