Fintech startup Bridgit continues its expansion by joining the Specialist Finance Group's (SFG) lender panel.
The arrangement gives SFG brokers access to the bridging loan specialist's full line of products.
"Partnering with SFG is an important step for Bridgit because it expands our access to a strong and growing broker network across the country," said Stephen Doyle (pictured above left), chief commercial officer at Bridgit.
"We built Bridgit around what brokers need most: speed, flexibility and ease," he continued. "And we are always striving to create greater access and value for them. We’re excited to bring that value and innovation to SFG’s 1,200-plus members.”
Blake Buchanan, general manager at SFG, (pictured above right) added: “Bridging is and will continue to be a growing need for many of our broker clients. Our role as an aggregator is to equip brokers with the breadth of solutions they need to deliver great client outcomes. Bridgit enhances that capability by providing a flexible, non-traditional option that can solve real problems for clients who may not fit within standard lending parameters.”
"Bridging has evolved, especially over the last four years," Doyle told Australian Broker.
He added that: "There's a need for bridging finance. And there's definitely a gap in the market, [as] other lenders were pulling away. The reputation of bridging, previously, has always been that this is too stressful; it's too hard. It's too expensive. [But] when you actually come to the market and you dispel all those beliefs, you actually become a really attractive offering to the broker's end client.
"Bridging is enormously simple," Doyle continued. "It gives [the borrower] the option to buy a property and sell your property later. The last thing a real estate agent wants to hear [from a buyer] is, 'I love that property. I want to buy it. But I have to sell this property first.' If the buyer has a facility to be able to buy that property today, and then have a period of 12, 24 months to actually sell their existing property, why on earth wouldn't they use it?"
The deal comes amid a flurry of recent product upgrades from the lender, including lower fixed setup fees, an 85% loan-to-value ratio (LVR) offering, greater reliance on automated valuation models and desktop valuations for faster approvals, and extended loan terms of up to 24 months on loans of up to $10 million.
Last September, Bridgit secured a spot on Yellow Brick Road’s lender panel. Also in 2025, Bridgit partnered with Australia’s largest mortgage aggregator, LMG, to launch a co-branded bridging product called Bridgit by LMG.
In January, former Loan Market Chief Executive Officer David McQueen was hired as chief operating officer at Bridgit.
