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Private credit firm Remara Group has launched a new consumer and mortgage platform, aiming to provide brokers and their clients with a wider range of lending options.
The Sydney-based company said the AI-backed platform will allow Remara to grow its credit offerings into the largest subsector of the Australian credit market.
The new lender is part of Remara Group, which also owns SME lender Dynamoney and formerly launched Marble Money (now dormant).
A spokesperson for Remara told Broker Daily that it “took some of the development of Marble and added it to the new Remara Money platform”.
Remara managing partner and CEO, Andrew McVeigh, said that while the new Remara Money subsidiary would join the Remara Group, the entity will operate separately, but will benefit from the support of the wider group.
The platform is live and available to brokers, with the product range at launch featuring residential mortgages (including credit-impaired), commercial loans, construction and development finance, and land loans.
It is also offering private lending, bridging finance, and SMSF loans.
The lending product portfolio includes $7 million residential loans with 10-year interest-only options.
Customers can also access SMSF loans with 10-year interest-only terms and negative gearing applied on companies and trusts to improve serviceability.
“Remara Money is tailored to a wide customer base that ranges from 30-year residential loans to private lending and has been developed to ensure it is the best available destination for brokers,” McVeigh said.
“We provide certainty of having invested in the best technology, a high performing team of industry veterans and seasoned professionals.
“This is complemented by a significant investment into business processes around integrity and efficiency of how our team works with the technology, and all of this is underpinned by the successful track record of Remara.”
[Related: The private credit revolution shaping Australian investment]
