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YBR welcomes private lender to its panel

by Will Paige10 minute read

Yellow Brick Road has welcomed a private credit commercial lender to its lender panel.

Aggregation group Yellow Brick Road (YBR) has added private lender Aquamore to its lending panel in a move to “enhance brokers’ ability to provide short-term commercial finance to the growing number of businesses seeking alternative funding solutions”.

Sydney-headquartered lender Aquamore offers institutionally backed, property-secured commercial loans that are exclusively available through brokers.

Commenting on the addition, YBR’s head of commercial and equipment finance, Glenn Mitchell, said: “Aquamore has a solid, well-earned reputation, and offers an excellent product range for business borrowers who fall outside the criteria of traditional banks and second-tier lenders.

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“Their short-term finance, combined with quick turnaround times, make them an ideal fit for our approved lender panel.”

Mitchell said that Aquamore’s addition to YBR’s panel was timely, given that demand for commercial finance is “expected to substantially rise this year” and brokers now account for over 30 per cent of commercial loans (according to data from the Mortgage & Finance Association of Australia’s Industry Intelligence Service Report).

“This proportion is expected to increase as brokers’ appetite for diversification continues,” he said.

Aquamore’s head of distribution Matthew Porch also suggested it would be a buoyant lending space this year.

“We anticipate continued growth in the commercial lending sector heading into 2025, bolstered by the strong chance of interest rate reductions in mid to late year. Recessionary pressures have eased off, and inflation appears to be heading for the target range for the first time in years, which has seen an uptick in consumer confidence and is leading to borrowers starting to reach out for finance again,” Porch said.

Commenting on Aquamore’s latest tie-in, Porch said: “We’re thrilled to partner with YBR to extend brokers’ access to bespoke larger-ticket commercial facilities.”

[Related: YBR Group appoints new leader to grow franchise network]

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