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Capital First has completed its transition to a non-conforming lender, agreeing to sell its $620 million prime portfolio to ASX-listed mortgage and financial services group Firstfolio.
Capital First says the sale was a strategic move that will allow it to focus on its non-conforming product range.
The addition of Capital First’s loan book will take Firstfolio’s loan portfolio to $7.8 billion – placing the group amongst Australia’s 10 largest non-bank mortgage managers/aggregators.
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