PMA makes new hire on back of stellar year

Royce Goh Senior Relationship Manager at Private Mortgages AustraliaPRESS RELEASE: 

Private Mortgages Australia (PMA), the specialised lender offering cost-effective loans to small-to-medium businesses, has hired experienced credit professional Royce Goh in the role of Senior Relationship Manager.

With 15 years of lending experience in Australia and overseas, Goh joins PMA from First Financial Services where he held the position of Mortgage and Business Loan Consultant. Prior to this he was the Asian Business Development Manager & Relationship Manager with NAB Business Banking.

“Private Mortgages Australia is experiencing incredible growth in the short-term lending space for commercial clients, so I’m really pleased to be joining them at such an exciting time,” said Goh. “The team are a great bunch of people who work with great brokers and borrowers and I’m looking forward to growing the business even further.”

In 2016 PMA saw a 210% increase in the number of loans settled and saw an 38% increase in the number of referrals coming in through referrer relationships. In order to accommodate this growth, PMA expanded the team with new hires, including Goh, over the last 12 months.

“2016 was a very exciting time for us at Private Mortgages Australia and with Royce joining us I can see the business getting bigger and better,” said Managing Director, Tony Barbone. “There’s been a real shift in the market with small-to-medium businesses realising that funding options are available if they get turned down by the banks. We’ve also seen many brokers diversifying into the commercial space which has seen more borrowers being introduced through referrer partners.”

“We’re expecting 2017 to be an even stronger year for us as many foreign investors look for alternative finance solutions due to the banks placing stronger restrictions on overseas borrowers,” continued Barbone. “Royce’s experience in Australia and abroad as well as his multi-lingual skills will make him the ideal person to help foreign borrowers find a loan that works for them.”

 

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About Private Mortgages Australia

Founded in 2014, Private Mortgages Australia (PMA) offers short-term, flexible loans to commercial clients that can’t get finance from the banks. Its transparent lending process offers quicker turnarounds than traditional lenders so that a business can get the best solution for achieving its goals. PMA offers first mortgage finance, second mortgage finance and caveat loans and can offer tailored solutions for borrowers who require urgent funding, have an ATO debt, are refinancing, are developers completing a project or are credit impaired.

2016: A year to remember for PMA

The team from Private Mortgages Australia inlcuding Tim Hart, Tony Barbone and Peter Cuskelly.What a stellar year Private Mortgages Australia has experienced in 2016. In the last 12 months, We’ve seen a 210% increase in the number of loans settled in the last 12 months and, in order to accommodate this growth, have expanded our team with recent hires.

This year we’ve continued to develop great relationships with our referrers and have seen an increase of 38% in the number of referrals. To show our appreciation for the great work our referrers do we launched our Referrers Rewards program in 2016. As part of this program, the value of all transactions settled with PMA will count towards your referrer rewards total and each time a referrer reaches a milestone they receive a reward from PMA – think a nice bottle of Grange, flights, shopping vouchers and much more. Each time a new milestone is reached there will be a bigger and better reward. Call us to find out more about the milestones and rewards – 1300 856 683.

New digital presence

In 2016 we also launched our new website which provides information about the types of loans we offer and resources for our referrer partners. We’ve also made it possible for people to find out more about us through social media by joining Facebook, Twitter and LinkedIn.

To keep referrers informed we’ve held regular webinars throughout the year with our fourth webinar taking place on Thursday 8th December at 11am. You can register here.

End of year rush

The lead up to Christmas is the busiest time of year for PMA and we’ll be working right up until Christmas Day to ensure that our clients can gain access to the finance they need. To celebrate this festive season, PMA is giving away an ‘Apple iPad Mini 4’ to brokers who actively refer opportunities and connect with our business. All you need to do is refer two loans by 31 December 2016. Both loans must have an Indicative Letter of Offer accepted by 31 December 2016. Maximum of two iPads per referrer. Get in touch to discuss your client’s needs now.

Looking ahead to 2017

2017 is also looking like a very promising year in the private lending space. Further restrictions by the banks on foreign borrowers will force businesses to look to alternative solutions for their short-term finance requirements. While serviceability is the greatest concern for banks, private lenders like PMA are primarily focussed on securing the loan using property equity which allows them to be a lot more flexible and an ideal solution for foreign borrowers that can’t get bank finance.

We’ve also started to see the trend that many referrers are branching out into commercial broking and expect that the number of brokers we will be working with in 2017 will continue to increase.

We’d like to say a huge thank to all our referrers for your support in 2016 and we wish you all the best for the Christmas season. We’re looking forward to working with you again in 2017.

Merry Christmas from the team at Private Mortgages Australia.