Powered by MOMENTUM MEDIA
the adviser logo
Aggregator

New commercial loans portal launches

by reporter5 minute read

A new commercial loans portal, Marketplace.finance, has launched, which enables accredited referrers such as brokers to find commercial finance solutions for their clients.

Co-founded by boutique brokerage and property advisory business Simplicity Loans & Advisory managing directors Jean-Pierre Gortan and Matthew Johnson, and run by Simplicity staff, Marketplace.finance is a new online system and company that aims to help mortgage brokers find and write commercial finance deals for their clients.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

The white-labelled platform is currently available direct as well as through the commercial and asset finance broker aggregator FAST. 

It enables accredited referrer brokers to submit an online request to Marketplace.finance, after which the portal captures a snapshot of customer requirements that the Marketplace.finance team reviews before providing feedback and offering indicative loan terms. 

Advertisement
Advertisement

According to the founders, Marketplace.finance aims to help support mortgage brokers looking to offer more commercial solutions to their clients while providing “quick, efficient and systematic access to commercial loan facilities”.  

Mr Gortan said the company hopes to educate and enable professional referrers to write and manage complex commercial loans regardless of previous experience.

“Various industry groups are pushing sector players like mortgage brokers to overcome a range of market hurdles in order to remain relevant. 

“We are the first to recognise the need to act and provide brokers, and others (advisers, lawyers and accountants, for example) with a simple solution to address the fundamental change in finance lending dynamics head on,” Mr Gortan said. 

“Our system is a sophisticated commercial funding platform to help accredited referrers manage the entire loan life cycle from initial inquiry, loan submission to lender relationship. 

“This means enabling the referrer to focus on deepening existing client engagements whilst diversifying their business base to maintain profitability and relevance to new markets,” he added.

Mr Johnson, co-founder and managing director at Marketplace.finance, added that the solution not only enables referrers to capitalise and grow within the commercial lending value chain but requires the referrer to wholly own the client. 

“We do not wish to disrupt the important nexus between professional referrer and the client. That relationship is sacrosanct and untouched by us,” Mr Johnson said. 

“We can see that upskilling of the traditional broking community is essential to extend the diversification and relevance of those referrer partners. That’s primarily why we created this simple solution, with goals of long-term partnerships. 

“That vision enables us to impart proven knowledge and experience, and help referrer partners to capitalise by plugging revenue gaps and creating a new service proposition in a growth market,” Mr Johnson concluded. 

[Related: Fewer mortgage brokers writing commercial loans]

New commercial loans portal launches
skyscraper
TheAdviser logo
skyscraper

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Boomer home loans

New non-bank lender enters administration

Specialist lender Boomer Home Loans, named in reference to its target age demographic (Baby Boomers; those born in...

READ MORE
royden dvaz assetline capital ta fh2e1i

New national head of sales recruited at Assetline Capital

Royden D'Vaz, formerly head of distribution with the non-bank mortgage lender MKM, has been recruited as Assetline...

READ MORE
john maxwell oscar zhuo ta sthnmq

Uptick Marketing launches

Uptick Marketing (Uptick) aims to work in partnership with brokers to assist the third-party channel in “closing...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more