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Assetline Capital has entered the calendar year with a fresh leadership team, with the short-term lender introducing two new managing director roles to oversee its property lending as well as its construction and development finance.
Included in the announcement is George Khoury, who is now Assetline Capital’s inaugural managing director of construction and development finance.
Previously a commercial broker, Mr Khoury first joined the non-bank in 2019 as the head of its NSW-based construction finance fund, Assetline Development Finance (ADF).
In his current role, which he commenced on 20 December 2021, Mr Khoury is said to now lead the construction lending side of the business.
“Construction lending has become a significant part of our business,” said Mr Khoury on his new position.
“Not many lenders have the expertise and capacity to fund development exit strategies or zero-pre-sales lending at the scale we do.”
In addition to Mr Khoury, Assetline Capital has added Paul Munt into the leadership fold, naming him as its first managing director – property lending, his role also beginning from 20 December.
Prior to his appointment, Mr Munt was the managing director of NuLend, a non-bank lender said to specialise in “small to medium-size enterprises backed by residential and commercial properties, including retail, industrial and office”, from January 2021 to September 2021.
According to the Australian Business Register, the company has been named “Assetline Horizon Management Pty Limited” since November 2021.
Mr Munt also was the general manager of Lending Association from August 2016 to January 2021.
According to Assetline Capital, the lender has “diversified funding sources and expanded the property-backed lending product range to include a competitive long-term horizon mortgage” while under Mr Munt’s leadership.
Speaking of his appointment, Mr Munt said: “The calibre of people at Assetline Capital is first class, and we can leverage our strong balance sheet, robust processes, and decade of experience to be a serious competitor in the non-bank lending space.”
In July 2021, Assetline Capital expanded its operations by opening a new office in Melbourne, naming Andrew Vamvakaris as its director.
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