For immediate release, Wednesday 7 September 2022, Sydney, Australia: Non-bank lender Bridgit has struck a partnership with Loan Market to become the aggregator’s first tech-driven bridging loan solution on its lender panel.
Following its launch in mid-2021 by co-founders and mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin, Bridgit is continuing to expand its broker offering by providing them with the resources, tools and innovative technology to simplify and streamline the bridging process. To date, Bridgit has processed more than $1 billion in loan applications and financed over $250 million in Australian residential property.
The new partnership brings Loan Market Australia’s panel to a total of 65 lenders, and fills the gap for brokers to provide clients with a revolutionary bridging loan solution. Bridgit offers a simple online loan application, 24-hour approval and three-month interest-free period.
Bridgit CEO and cofounder, Aaron Bassin, says: “By partnering with one of the biggest aggregators in the space, who are aligned in our mission to use innovative technology to drive better solutions, we aim to help more Australians access better property finance.
“Our focus is always on putting the customer first and Loan Market shares the same value. We look forward to not only working with Loan Market, but also their high-quality network of brokers.”
Loan Market Managing Director Andrea McNaughton says: “Our brokers recognise the quality of our lender panel which delivers both more choice and targeted solutions for their customers’ individual needs.
“Bridgit adds to our extensive offering as demand for quick and convenient bridging finance solution grows in the marketplace”.
Bridgit Head of Distribution Stephen Doyle, says: “We’re excited to grow our broker offering and network, and provide more homeowners with a fast solution so they can secure their next home before selling their existing property.
“We recognise the significant role brokers play in guiding and supporting homeowners through the lending process. Too often, Australians pay the price and miss out on their next property due to traditionally slow and manual finance processes.”
Loan Market was recently named Major Aggregator of the Year at the 2022 Australian Broking Awards.
Bridgit is a tech-driven, non-bank lender revolutionising property lending via bridging loans and equity release with its simple online loan application, 24-hour approval and three-month interest-free period. It provides Australian homeowners access to better finance solutions, so they can secure their next home before selling their existing property. In doing so, homeowners can act fast and not miss out on opportunities to purchase their next dream home.
Bridgit was co-founded in 2021 after mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin saw the industry was lagging and customers were paying the price for traditional slow and manual finance processes for property loans. Since their launch, Bridgit has raised nearly $113 million in capital and processed more than $1 billion in loan applications within the first 12 months of operation. Bridgit was also named as a finalist in the 2022 Finnies Award for Emerging Fintech Organisation of the Year. For more information, visit Bridgit.com.au
About Loan Market
Loan Market is one of the largest and fastest growing retail mortgage brokerages in Australasia. Proudly family-owned and led, it was founded in 1995 by Sam White and is part of the White Family Group of companies comprising of Loan Market, Wealth Market, Home Now and Ray White. Today, Loan Market works with a panel of 65 lenders and supports a network of over 650 brokers across Australia and New Zealand with a further 850 brokers trading under their own brand. Loan Market franchisees and brokers help individuals and businesses in Australia and New Zealand secure over $36 billion in loans each year.