Pepper Money commercial property loans launches on the Aussie lending panel

Posted 05-10-2021


As Australia’s largest states of New South Wales and Victoria prepare to emerge from various lockdowns and restrictions, the commercial Small and Medium Enterprise (SME) market is set to make a comeback – providing opportunities for Aussie Brokers to offer Pepper Money’s Commercial Loans to diversify their income streams and strengthen their existing client relationships.

Commenting on the launch, Pepper Money’s new General Manager Mortgages and Commercial Lending, Barry Saoud said, “We are thrilled to provide our valued partner brokers at Aussie with a commercial offering that caters to their existing small business clients or allows them to expand into a new customer segment.”

Post lockdowns, Saoud believes the Australian SME market will increasingly be looking for greater support and options for their commercial property needs: “The SME commercial property lending space is predicted to make a comeback so there is massive room for continued growth as we emerge from various lockdowns and restrictions; that’s why we’re backing Aussie Brokers to meet the shifting needs of their SME customers,” he said.

“Our products have been developed with the customer in mind, with flexible income evidence from traditional full documentation options through to alternative documentation loans and online loan access which puts the customer in control of their loan product. With no restriction accreditations and easy to follow online lodgements comparable to residential mortgages, and market leading service level agreement times (SLAs) between 3 to 5 business days – commercial property lending has never been easier.”

“We’re flexible and nimble and have developed a range of products that look at where the client is headed to ensure the past doesn’t define the future potential.”

According to Pepper Money’s Head of Commercial, Malcom Withers, Pepper Money’s approach to secured commercial lending is focused on helping self-employed, small businesses, and commercial property investors, with solutions for their commercial property acquisitions, commercial property loan refinancing or equity release for property improvement, investment, working capital or business expansion.

“Pepper Money caters for all customers who need commercial property lending solutions for up to $3 million loan size, whether they want to buy an investment property or commercial property to operate their business out of, or to access equity and cash flow to support them in growing their business,” he said.

“Our policies are simple, with solutions and flexibility without the complexity. From workshopping scenarios, through to application and credit lodgement, there is a process that can deliver fast outcomes for brokers and their commercial customers. We are backed by a credit team that always asks, “how can we help this customer succeed?”

Brad Cramb, CEO of Distribution at Lendi Group (Aussie’s parent company) said, “The strengthening of our alliance with Pepper Money couldn’t have come at a better time for us and we’re excited to have Pepper’s commercial property loans added on to our lending panel. This only strengthens the capability of Aussie brokers, enabling them to better meet customer needs through a more streamlined process, with commercial lending a lot more accessible now.”

 

For more information please contact:

Pepper Money
Senior Marketing Communications Manager
Melissa Fanous
mfanous@pepper.com.au
0412 033 103