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Specialist lenders Funding and N1 Holdings have joined LMG’s commercial lending panel as the aggregator continues its asset finance growth drive.
Aggregation group LMG has expanded its commercial lending panel with the addition of specialist lenders Funding and N1 Holdings.
Surfers Paradise-based Funding focuses on bridging loans and property lending, while ASX-listed N1 is a private credit lender focused on providing finance to self-employed individuals, small and medium-sized enterprises (SMEs), and property investors.
Funding’s addition to the panel will help brokers better serve SME clients through the lender’s building and business loan products, LMG said.
N1’s flexible credit policy and AI-powered credit tool give brokers the chance to meet more clients’ needs and submit deals faster, it said.
Stephen Scahill, LMG group executive for commercial finance, welcomed both lenders to LMG’s commercial panel.
“We want to offer value and options to our brokers and their clients. Both Funding and N1 Holdings provide brokers with extended options across the commercial finance space, allowing LMG brokers to continue to support their clients deeper than before, with flexible credit options, simple applications, and faster processes,” he said.
Speaking on the move, Funding CEO Jack O’Reilly said: “We created Funding to be the kind of partner brokers can count on when timing is everything.
“Our focus has always been on fast decisions, flexible terms and personal support. We are excited to work with LMG brokers and help deliver great outcomes for our clients.”
N1 Holdings founder, executive chairman, and CEO Ren Hor Wong said: “Joining LMG’s lender panel reinforces our commitment to supporting brokers with fast, reliable and structured funding.
“In today’s lending environment, brokers need partners who not only move quickly but also think commercially – that’s where N1 excels.”
LMG growth drive continues
The aggregator has been expanding options for brokers this year, with a particular focus on asset finance.
It recently added specialist equipment leasing finance firm Selfco and personal lender MONEYME to its lender panel.
This year, the aggregator has also expanded its asset finance team to bolster its broker support offering.
[Related: LMG adds Selfco to lender panel in asset finance growth push]
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