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Brokers will now be able to access commercial, SMSF, and bridging loans through MA Money. Each of these products comes with no clawbacks.
Driving the rollout of this new product suite is Craig Stuart. He recently joined MA Money as its head of commercial after a stint as national commercial BDM at RedZed.
Stuart said the goal was to provide brokers with “simple, reliable” commercial solutions.
“With loans up to $8 million, flexible terms and no clawbacks, our commercial products give brokers a straightforward path to meeting their clients’ needs,” he said.
“We’ve taken the same service-first approach MA Money is known for in residential and applied it to commercial, so brokers can expect quick decisions and policies that make sense.”
As listed by MA Money, the three new products include the following features:
- Commercial Loans: Up to $8 million for full doc and $6 million for alt doc (prime, 65 per cent LVR). For retail shops, offices, light industrial buildings, and warehouses up to 80 per cent LVR. Options include cash out to max LVR, offset accounts, and terms up to 30 years.
- SMSF Commercial Loans: Up to $2 million and 80 per cent LVR, with no liquidity or net asset testing and future contributions considered.
- Residential Bridging Loans: Up to $5 million and 80 per cent LVR (peak debt), with 6–12-month terms, end-debt flexibility, and capitalised interest available.
According to the national sales manager at MA Money, Tim Lemon, brokers were involved in the testing of these products.
“We’ve been working with a pilot group of brokers over the past few months to make sure we had the right process and service in place,” Lemon explained.
“The feedback has been excellent, and now we’re excited to roll these products out to the full broker network. Our goal is to give brokers more flexibility and speed, backed by the service they expect from MA Money.”
[Related: Former RedZed BDM steps into head of commercial at MA Money]
