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The non-bank lender has appointed Jason Lucas as its Queensland state manager as part of its presence expansion in the state.
According to Assetline Capital, the appointment of Jason Lucas will expand on how it meets the needs of brokers across Queensland.
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Mr Lucas carries three years of experience in finance and will be responsible for finding solutions for a range of clients while helping brokers get more deals approved.
The non-bank lender intends on using Mr Lucas’ experience to grow awareness of the company and its presence in the Queensland market that has already seen infrastructure, investment, and population growth in the lead-up to the 2032 Olympics.
Mr Lucas commented on his appointment: “I’m excited to get a feel for different areas and strengthen my understanding on a suburb-by-suburb level.
“I look forward to deepening relationships with our partners and work more closely with our network in Queensland.
“We’ve seen increasing migration into Queensland, especially Brisbane, and there’s a shortage of stock which has led to an upward trend in the average price per security. From an investment standpoint, this is a strong market.”
Assetline Capital national head of sales and distribution, Royden D'Vaz, said the non-bank lender has developed a “strong understanding of the Queensland market” in recent years and is excited to expand in the state.
“Jason Lucas’ extensive experience and excellent track record make him an ideal choice for Queensland state manager,” Mr D'Vaz added.
The non-bank lender recently joined the LMG and Loan Market lending panel, which has enabled it to provide over 5,000 brokers access to Assetline Capital’s range of lending solutions.
Commenting at the time of the announcement, Mr D'Vaz said that with the current borrowing capacity constraints, brokers are looking for a wider range of options for their clients and are increasingly turning to non-bank lenders.
‘‘We’re excited to deepen our relationship with LMG, as the first commercial non-bank lender to offer a full suite of solutions, we have the capacity to help more brokers diversify their client base and find the right option for different scenarios,’’ he said.
According to the lender, the expansion into Queensland builds on its mission to deliver a full suite of products for business borrowers, SMSFs, and property owners.
“With a full suite of products in one place, we make it easier for brokers to solve more problems for their clients. This expansion gives Queensland brokers a resource they can turn to on the ground to help them close more business,” Mr D'Vaz said.
[RELATED: Assetline joins LMG and Loan Market panel]
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