Partner message
ANZ & brokers: Feel the difference
At ANZ, we’re deeply committed to our broker network. We continue to look for opportunities to streamline and simplify our lending processes and policies, so you feel the difference of working with us.
This year, we launched the ANZ Commercial Broker Portal and introduced GoBiz for broker. These digital platforms complement our efforts to streamline and simplify the way brokers interact with us and support your efforts to deliver a quicker time to yes for your clients.
Together, we’re committed to making commercial lending easier, supporting growth, and providing a personal touch that sets your clients up for success.
Australian Credit Licence Number 234527.
Commercial lending has been one of the buzzwords of 2024, with more borrowers seeking out the support of brokers to help them access the finance they need to keep their businesses growing, more lenders pushing resources and support into this space, and brokers increasingly seeing the opportunities commercial loan writing brings.
In The Adviser’s Elite Broker Ranking 2024, run in partnership with ANZ, we sought to understand which brokers are writing substantial volumes of residential, commercial and asset finance loans.
In this second instalment of the ranking, we reveal the elite brokers delighting business borrowers in Australia.
What is commercial?
While some small business owners will look to take out unsecured cash flow loans, others may turn to brokers to buy the business premises they are working for. As such, this ranking covers both commercial mortgages and working capital loans.
Collectively, the top Elite Brokers - Commercial wrote $2.99 billion in business finance in FY24, with the majority being commercial property loans. Leading the pack for highest dollar amount was Bill Moskovich, director at Stamford Capital, who was responsible for over $1 billion across 87 commercial mortgages in FY24.
Meanwhile, Arnab Baral, director of Cinch Loans, wrote the most working capital loans in FY24 in the ranking, totalling $3.2 million across 29 loans.
There were a total of 706 loans settled by the top commercial brokers in the last financial year, reflecting that commercial loans typically take much longer to write and settle than residential or consumer loans.
Interestingly, very few brokers submitting into the Elite Broker Ranking said they wrote working capital/unsecured business loans, which may reflect an opportunity for future growth.
Methodology of the ranking
To ensure the integrity and credibility of the Elite Broker Ranking, a robust methodology was employed. Undertaken by Agile Market Intelligence on behalf of The Adviser, brokers were invited to submit data regarding the number of commercial mortgages and working capital loans settled, the value of these loans, and the average size of loans written for the financial year ending June 2024.
Each broker was required to provide evidence supporting their submissions, which were meticulously verified. The final ranking was determined by aggregating the three metrics – total value of commercial loans, number of commercial loans, and average loan size – allowing for a comprehensive assessment of performance across the board.
With standout achievements in the commercial finance sector, these leading brokers are not only facilitating substantial business deals but are also influencing the growth of businesses nationwide. Congratulations to all those who made the Elite Broker Ranking - Commercial.
