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27 November 2024: Funding (www.funding.com.au), a tech-enabled leader in short-term non-bank mortgage lending, has announced that it has surpassed $1 billion in bridging loan settlements, alongside an increased credit facility of $400 million from new and existing financial partners. This expanded capital base enhances Funding’s ability to offer flexible, short-term finance to Australians looking to unlock their home equity and access capital faster.
With Australia’s ageing population projected to reach 6.66 million by 20411, many over-fifties are turning to alternatives as traditional lenders impose rigid criteria like age restrictions and focus primarily on long-term mortgages. These limitations have left a significant segment underserved, driving demand for more adaptable financial solutions.
“This expanded credit facility allows us to support more Australians with fast, flexible finance,” said Jack O’Reilly, CEO and Founder of Funding. “Bridging finance lets people leverage the equity in their property—without the delays that come with conventional loans and barriers associated with selling before you buy.”
As Australia’s population ages and the demand for short-term finance grows, this type of lending has evolved from a niche product into an essential tool. Whether for purchasing a new home, expanding a business, or funding construction projects, bridging finance provides quick-access financial options that fill the gap left by traditional lenders, providing timely relief when needed most.
Reflecting this shift, Funding’s total bridging loans lent have now exceeded $1 billion—highlighting the growing importance for Australians needing quick access to capital during critical moments and unlocking the tremendous wealth held in property equity.
O’Reilly added: “Reaching the $1 billion milestone is a testament to the demand for alternative lending solutions. We’re proud to be able to help people access finance that empowers them to act quickly on opportunities.”
The expanded credit facility, combined with established long-term backing from retail, wholesale, and non-bank investors, substantially enhances Funding’s capacity to deliver tailored finance solutions to more Australians.
“Our significantly expanded and diversified capital base allows us to support more Australians in reaching their financial goals,” said O’Reilly.Funding continues to enjoy the ongoing support of major institutional investors such as MA Financial and EVP, who helped establish Funding’s first securitised receivables warehouse facility and have backed the ongoing investment in Funding’s innovative in-house technology infrastructure. These cornerstone partnerships reinforce Funding’s foundations, ensuring that more Australians can access bridging finance with confidence and ease.
1 https://www.cepar.edu.au/news-events/news/new-projections-australia-ageing-population
Since 2015, Funding has become a trusted name in first mortgage non-bank lending in Australia. Our mission is to reshape finance, making it more accessible to both investors and borrowers. Using innovative technology, we provide financial solutions that empower our clients. We prioritise transparency, agility, integrity and kindness, so that investors and borrowers can move forward faster with Funding.
For investors, we offer the Funding Investment Trust and the Funding Income Trust, letting you invest in first mortgages secured by Australian real estate. Through our innovative investor platform, you’re in charge, with easy access to manage your investments. We focus on capital preservation, monthly yield opportunities and portfolio diversification.
For borrowers, we provide fast and flexible, non-bank solutions for first mortgage loans. Whether you need a bridging, business or building loan, we’re here with quick solutions, supported by technology that streamlines the lending process.
By connecting investors seeking steady income with borrowers needing alternative lending options, we help Australians turn their financial goals into reality.
For further information, please contact Michael Darragh (michael.darragh@funding.com.au) or access the resources linked below.
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