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The new offerings come as part of a strategic move for the non-bank to establish itself as a full-service lender.
Assetline Capital has announced the expansion of its product range, including its long-term product, Horizon Mortgages.
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The Horizon Mortgages product now includes loan sizes increased to $5 million, with the ability to cater for borrowers requiring 30-year loans.
Assetline Capital will offer loan-to-value ratios of up to 85 per cent on residential and 65 per cent on commercial, with prime, near prime, and specialist lending options available.
The update also means that Horizon Mortgages will be available to individual, corporate, trust, and SMSF borrowers.
Royden D’Vaz, Assetline Capital’s general manager of distributions and partnerships, said the impetus to create the new range of products came from listening to feedback from brokers.
“Since launching the first edition of Horizon Mortgages in late 2022, we’ve established ourselves as a trusted provider in long-term lending for full- doc, alt-doc and SMSF solutions,” D’Vaz said.
“We’ve listened to our brokers and identified a gap in the non-bank lending space for a large long-term loan for residential securities.
“By increasing the loan size to $5 million and opening it up to individuals, we aim to help more brokers and their borrowers.”
Evolving proposition
After establishing itself in short-term bridging loans, Assetline Capital has continued to evolve its offer and serve a wider variety of borrowers.
For example, the non-bank lender announced a new construction product earlier this year, designed for developers, investors, or borrowers in metro locations who are needing to redevelop existing properties.
“We’ve not only expanded our product offerings in the last few months, but we’ve also introduced state managers and a head of commercial lending to ensure brokers and our aggregator partners are fully supported and have the tools and expertise they need to service their borrowers,” D’Vaz said.
“We’re here to provide brokers with a range of solutions so they can help more borrowers.”
[Related: Assetline appoints first Victorian and NSW state managers]
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