ORDE Financial Builds On Its Construction Offering with Lower Rates and National Webinar for Brokers

ORDE Financial Builds On Its Construction Offering with Lower Rates and National Webinar for Brokers

Tuesday 19 November 2024 - Australian non-bank lender ORDE Financial has announced further enhancements to its Residential Construction loans, including reduced rates across all products and LVRs as of November 12, plus expanded educational support for brokers. These updates reflect ORDE’s focus on providing a reliable, market-leading construction offering that aligns closely with broker needs and the evolving construction landscape.

A Product Designed and Shaped by Broker Feedback

ORDE launched its Residential Construction loans in August, responding to broker demand for a flexible product tailored to borrowers requiring Alt Doc options or facing credit challenges.

Since then, ORDE has continued to progress the product in line with broker feedback. In addition to the new rate reduction, ORDE increased the maximum loan size to $2.5 million in October.

“We anticipate continued strong growth in demand for construction financing across a diverse range of borrower profiles and situations, and we’re committed to providing products that can help brokers meet this need with confidence,” says Lee Prior, Director of Distribution at ORDE Financial. “Our updates allow brokers to offer an even more competitive solution to customers who are building one or more securities and renovating.”

Providing Brokers with Tools for Success

ORDE has always recognised that the right product is only one part of the solution. A core tenet of the lender’s offering is to provide brokers with an exceptional experience from start to finish. Brokers working with ORDE have direct access to a highly experienced team at every stage of a deal – experts with the deep knowledge and can-do attitude required to help them reach the right solutions for their customers.

Beyond this, ORDE is also committed to equipping brokers with the training and education to succeed. Following the success of September’s Intro to Construction webinar, where Deputy Head of Credit, Luke Jones, responded to over seventy broker questions in a dynamic Q&A session, ORDE is hosting a second Construction webinar on November 26.

This session is open to all brokers, whether they’re looking to write their first construction loan or construction is already key to their customer offering. It will feature an expanded panel of experts and an even bigger opportunity for brokers to ask questions and deepen their construction lending expertise.

Opening the webinar will be Andrew Perkins, Research Director – Property at Wingate. With over 30 years of experience providing industry-leading market intelligence to developers, government agencies, the financial sector and more, he will be on-hand to provide brokers with insights on where the construction market is heading and where the opportunities lie.

Luke Jones will again be available to address brokers’ questions, joined by Craig Meale, Senior BDM at ORDE. ORDE’s Head of Strategic Partnerships, Tim Ford, will be moderating.

“This session is more than a chance to speak to the experts,” adds Prior. “It’s an opportunity for brokers to experience the personal, hands-on support that defines ORDE’s approach to every deal.”

Spots are still available for brokers interested in attending. For more details and to register, please visit: https://orde-au.zoom.us/webinar/register/4117315548444/WN_AlHyiyMiSzqs4iHGZPnQsw