We
are thrilled to announce CCG has written over $82 Million in First Mortgage Loans in June 2024 alone, which are summarised as follows:
Loan Amount | Loan Type | Location | LVR |
$342,000 | Vacant Land | Warwick | 60% |
$11,500,000 | Construction | Muswellbrook | 65% |
$12,675,000 | Vacant Land | Box Hill | 65% |
$41,950,000 | Residual Stock | Box Hill | 69% |
$6,850,000 | Vacant Land | Springfield Lakes | 41% |
$560,000 | Residential | West Gosford | 70% |
$8,872,500 | Vacant Land | Fernvale | 65% |
$82,749,500 | TOTAL |
Non-Bank Lending Update
As the 2024 financial year draws to a close, we have been closely monitoring the significant changes in Australia’s financial landscape in the non-bank lending sector. A recent article by Stockhead highlighted the crucial role non-bank lenders, such as CCG, are playing in shaping the future of finance.
It’s fascinating to observe how Australian non-bank lenders continue to rapidly gain traction in the credit market, now representing about 5% of the financial system assets, according to the Reserve Bank of Australia. This growing influence is largely due to our ability to offer faster approval times and flexible, personalised lending terms. These advantages are particularly appealing to borrowers who may not meet the strict criteria set by traditional banks or those in need of specialised finance.
Benefits of borrowing from a non-bank lender, such as CCG, include:
- Secure funding: Access finance not available via traditional banks
- Trusted: We have 25+ years of experience as a specialist non-bank lender.
- Faster Approval Times: We move quickly so you can act fast.
- No hidden fees: No line fees and no unexpected costs.
- Flexible Lending Terms: Adaptable terms, personalised to your needs.
I strongly believe non-bank lenders will continue to play a pivotal role in shaping the future of finance in Australia. As you can see, our innovative approach and customer-centric services are set to redefine the lending landscape, offering new opportunities for borrowers and contributing to the overall resilience of the Australian financial system.
If you have a scenario you are having trouble settling via your usual financial sources, speak to one of our BDMs on 1300 795 507 or email [email protected].