Wealthy Western Australians to enjoy new financing option

Golden opportunity for WA investors with Assetline, house + home deal
By: Assetline
 
PERTH, Australia - March 5, 2014 - PRLog -- Western Australians can now unlock the value of their assets and get instant access to cash thanks to a new partnership between Assetline, Australia's leading personal asset lender and house + home loans (HHL), one of Australia's most successful mortgage brokerage businesses.

The deal allows WA-based investors and businesses to raise finance against their assets - from art and wine collections to yachts and jewellery - to fund a new business or further investments, or to simply access cash fast.

Personal asset lending is making huge waves globally as well as in Australia, as the credit squeeze since the GFC has restricted many investors' access to funds. Assetline's solution offers high net worth individuals accessible, fast and flexible finance against high-end personal assets such as gold and silver, jewellery, diamonds, luxury watches, fine art and antiques, cars, luxury boats and fine wine collections.

WA market of key strategic importance

As the engine of Australia's growth and prosperity, Western Australia has long been considered a market of key strategic importance, according to Nick Raphaely, co-founder, Assetline.

“We are very excited to be introducing Assetline’s service to Western Australia. We've enjoyed a very successful roll-out and rapid growth on the Eastern Seaboard in 2013, but it's now time to look West and capture the prize. We are delighted to be able to partner with someone of Rael’s calibre and look forward to working with HHL to provide Assetline’s services in Perth," Nick Raphaely says.

HHL is an award-winning specialist broking firm based in Osborne Park, Perth. Its managing director Rael Bricker was ranked as a Top 10 broker of 2013 by Mortgage Professional Australia.

The deal between Assetline and HHL follows a highly successful 2013, which has seen Assetline rapidly expand throughout New South Wales, Victoria and Queensland.

Ideal finance tool for WA clients

HHL managing director Rael Bricker says personal asset lending is a great tool to help Western Australian clients access money in a fast and secure way.

"Assetline has a compelling business proposition - offering accessible, fast and flexible loans against valuable luxury assets.  We are delighted to have been selected to work with Assetline in Western Australia and we look forward to working with them to replicate the success they have achieved on the Eastern Seaboard.”

With banks reigning in the maximum LVR allowable for residential and commercial properties, many property investors are struggling to achieve the necessary levels of gearing.  Assetline’s solution – which is unique in that it’s not property-based – provides added flexibility for borrowers in these situations.

Personal asset lending allows investors to immediately unlock the value of alternative assets that conventional banks don’t recognise. Already enjoying huge growth internationally, it's predicted by analysts to become a multibillion dollar business worldwide.

Link: www.assetline.com.au

Contact
Assetline
info@assetline.com.au
1300 370 821
End
Source:Assetline
Email:***@assetline.com.au Email Verified
Tags:Property, Loans, Lending, Asset-based Loans, Personal Asset Lending
Industry:Financial, Loans
Location:Perth - Western Australia - Australia
Subject:Partnerships
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Page Updated Last on: Mar 05, 2014
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