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ASX-listed company N1 Holdings Limited has announced that it has joined the aggregator’s lending panel, making it available to outsource Financial brokers.
N1 Holdings (N1H) works alongside accountants and mortgage brokers as a property financer, focusing on complex lending for sophisticated property investors, SME owners, and property developers.
Chief executive of outsource Financial, Tanya Sale, commented that one of the priorities of the aggregator is to ensure that “members have access to a diverse panel of lenders” that can help customers with all their needs.
“We recognised the need to increase our offering in the “asset backed” (commonly known as private lender) space and making the choice to work with N1 Holdings was easy,” Ms Sale said.
“Ren Wong is well known to the team at outsource Financial and N1 Holdings, as an ASX-listed company, has a stellar reputation for supporting SMEs and complex investors.”
She further stated that N1H helps “fill a gap” for outsource Financial brokers due to its “competitive LVRs, and an openness to review properties that aren’t just in metro postcodes”.
N1H executive chairman and CEO Ren Hor Wong stated: “There is an increasing demand in the property backed SME lending space market, especially for the current rising rate climate.
“We are thrilled to be able to work with the team and valued broker partners at outsource Financial.
“We have recently increased our funding size to $115 million, and our business model enables us to be able to work closer together with outsource Financials’ brokers to add value in the space of SME lending.”
Broker support team strengthened
The aggregator recently expanded its level of support in order to better maintain its relationships with members and keep up with growth.
outsource Financial hired four new team members, appointing Sarah Chan as relationship manager NSW/Queensland, James Kemp as relationship manager Victoria/Tasmania, Umit Kose as relationship manager NSW/ACT/South Australia, and Irene D'Arcy to the role of compliance officer.
Ms Sale commented at the time: “I am exceedingly proud of the team we have in place at outsource [Financial]. All our departments, from member support, to compliance, to our state support teams, etc — we truly have all bases covered for our members.
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“outsource Financial is a premium aggregator group, therefore our focal purpose is to cultivate prosperous and ethically-engendered business owners/operators under our umbrella; and with the team we have in place, after this years’ [sic] new appointments, we are perfectly positioned to support our next phase of growth.”
[RELATED: Aggregator bolsters broker support team]
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