Lend extends asset classes with panel additions

The panel extension would provide brokers with a greater diversity of asset classes, including construction and commercial property finance, in addition to the expansion of choice in existing finance types, according to the platform.

CSA Finance is also a private lender, specialising in short-term first and second mortgages for business purposes, and would expand brokers’ access to short-term working capital solutions.

Eastwood Securities is a private lender specialising in commercial, residential, rural, and industrial-based security loans, including small residential construction finance, chiefly via first mortgage bridging finance. Its addition to the panel would increase brokers’ access to the new asset class of small residential construction funding, Lend said.

Furthermore, the lender’s business model is aligned with Lend’s model of assessing a business’ future performance instead of being limited to retrospective credit metrics, it added.

Finstro provides lending solutions to release cash-flow constraints and supports companies of all sizes and industries. It specialises in unsecured working capital solutions via business loans, debtor finance, supplier finance, and buy now, pay later (BNPL) products.

Revas providers low doc, construction, commercial, self-managed superannuation fund (SMSF), non-resident, retained stock, highest and best use development, development, private asset lending, and second mortgages via short-term and full-term products.

Tradies Finance supports tradies and self-employed clients via a suite of SMSF lending products, with commercial property products to be introduced to the program shortly.

Nova Cash Flow Finance is an invoice factoring and debtor finance company that provides solutions for businesses with a turnover of up to $20 million, and supports businesses of all maturities, including start-ups. According to Lend, the addition of this lender would extend the accessibility of this “under-utilised” facility.

Commenting on the expansion of Lend’s lender panel, head of third-party Donelle Brooks said that the extension of asset classes to the panel has aligned with the platform’s vision of enabling brokers to provide a “whole-of-business” offering to their SME clients.

“This diversification is supported by Lend’s platform that does the ‘heavy lifting’ through its sophisticated product-lender matching technology, which supports brokers universally – independent of their commercial finance maturity and financial literacy levels,” Ms Brooks said.

“Every lender is selected based on their niche. We will continue to evolve our alternative commercial finance alternatives that meet the ever-changing demand for different product types and asset classes that support business challenges and opportunities.”

[Related: Lend expands asset finance panel]