To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Fund manager Aus Asia Finance Hub Capital has approved more than 100 loans since its launch in September 2017, with a further $60 million worth of loan applications awaiting approval.
AAFH Capital managing director Nolan Leo has attributed the company’s success to foreign lending.
“Foreign lending is a huge market, with more than $20 billion needed for funding loans within the next three years,” Mr Leo said. “The current market is well underserved, with no lender in the market offering long-term solutions.”
Backed by institutional support and partnered with mortgage aggregators and pilot brokers, the new lender also works with foreign and local developers to assist clients with their finance settlements.
“We are here to assist expats, purchasers, developers and brokers with their client investment purchase,” Mr Leo added.
Originally a finance broking company, AAFH Capital was affected by the impact that changes to foreign lending and LVR restrictions had on brokers settling “off-the-plan“ purchases, but such settlements now make up a significant portion of the lender’s business.
The company is headquartered in Melbourne but also operates out of Hong Kong, Kuala Lumpur, Singapore, Dubai and Shanghai.