Non-bank lender Bridgit joins Australia’s lending market

Non-bank lender Brigitte teamed up with Loan marketone of Australia’s largest retail mortgage brokerage firms to become the first technology-enabled bridging lending solution on its panel of lenders.

Bridgit, which launched in mid-2021, has processed over $1 billion in loan applications and funded over $250 million of Australian residential properties.

mortgage broker Nick Jacobs and capital markets guru Aaron’s Basin founded Bridgit after identifying that clients were missing out on their next property due to traditional slow and manual home loan financing processes. It offers online loan application, 24-hour approval and three-month interest-free period.

Bridgit CEO and co-founder Aaron Bassin says aligning with one of the biggest aggregators in the industry can help more Australians access better property finance.

“Our goal is always to put the customer first and Loan Market shares the same value. We look forward to working not only with Loan Market, but also with their network of high-quality brokers,” says Bassin.

More choice

The new partnership brings Loan Market Australia’s panel to a total of 65 lenders and fills the gap for brokers by offering clients a bridge loan solution. Loan Market supports a network of over 650 brokers across Australia and New Zealand with another 850 brokers trading under their own brand.

Managing Director of the Credit Market Andrea McNaughton comments: “Our brokers recognize the quality of our panel of lenders, which offers both more choice and targeted solutions for the individual needs of their clients. Bridgit complements our extensive offering as demand for fast and convenient bridge financing solutions grows in the market. »

Loan Market was recently named Major Aggregator of the Year in Australian Brokerage Awards 2022. Although Bridgit was also named a finalist in the Finnies Award 2022 for emerging fintech organization of the year.

Priscilla C. Carnegie