N1 Holdings Limited (ASX:N1H or Company) continues to expand its SME lending capacity and now has committed capital of over $30 million comprised of balance sheet capital and capital from its SME lending fund (One Lending Fund), for its commercial lending operations.
The One Lending Fund is a property-backed fund that specialises in short-term SME lending and is managed by N1H via its wholly owned subsidiary, N1 Asset Management (AFSL 477879). SME lending by the Company and One Lending Fund is secured with mortgages over Australian real estate predominantly based in NSW, VIC and QLD. Supporting these loans is also a strong pipeline of applications and settlements.
N1H’s Executive Chairman and CEO Ren Hor Wong says: "We are excited to be able to do more in property-backed SME lending and we definitely see an uptick in investor sentiment. The recent property market frenzy has certainly prompted investors to consider their overall investment strategy. We are also confident that our lending and property experience will assist in growing our funds management and trustee services business. N1H continues to evolve in the property lending business and we are proud to be an innovative company bringing value to shareholders and One Lending Fund’s investors. We have the luxury to bring on quality loans to the portfolio due to a strong deal flow.”