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The private lender has announced the appointment of Candice Lee as its new business development manager for NSW.
Candice Lee joins Aquamore following her tenure as the loan and investment sales manager at Semper.
The lender noted her “comprehensive sector and commercial funding knowledge”, which includes experience as a broker with Prosper One and a senior executive at SME lender, Axsesstoday.
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As Aquamore’s new NSW BDM, Ms Lee will support brokers to write more commercial finance loans, identify new opportunities, and be responsible for helping achieve Aquamore’s sales targets.
She will also contribute to the company’s sales and marketing enterprises, which are intended to improve broker skill sets and knowledge base when it comes to private lending.
The lender provides institutionally backed, property-secured commercial loans, bridging loans and land-bridging finance distributed exclusively through brokers.
Aquamore’s head of third-party distribution, Matthew Porch, stated: “Candice has extensive commercial finance experience, deep industry connections, and is a fantastic cultural fit.
“As a licensed commercial broker, she also has an innate understanding of credit, risk, and product parameters, which will be invaluable in helping brokers to overcome common challenges.”
Ms Lee said she felt highly motivated to provide the broker network with Aquamore’s financial solutions and help the lender achieve a greater commercial finance market share.
“In addition, I’m actively focused on fostering growth and promoting women in finance, of which Aquamore is tremendously supportive,” Ms Lee added.
As well as hiring a new BDM, the lender recently completed a $50 million raise from a global investment bank, which took its warehouse facility to $170 million.
Noting the recent raise, Mr Porch highlighted that the lender had been able to broaden its team to include a credit and operations manager, reduce rates and tailor its products.
He flagged that Aquamore had seen a recent uptick in SMEs seeking to purchase advance stock to combat ongoing supply-chain challenges and to maximise sales over the busy summer months using its low doc product.
“We also attribute the spike to the lack of available mainstream credit and demand for quick, flexible funding solutions,” Mr Porch said.
According to Mr Porch, brokers are increasingly turning to private lenders to offset the lack of available mainstream credit.
[RELATED: Aquamore’s warehouse boosted to $170m]
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