TMM - News

CFML secures $100 million funding line from Westpac

Monday 20th of January 2020

Under the deal, Westpac will provide substantial firepower to the non-bank, which is ramping up mortgage lending activity across New Zealand. The funding line will provide $100 million.

CFML is targeting borrowers turned away by the major banks as traditional lenders maintain tight credit conditions.

Until now, CFML has operated with using wholesale and retail investors, and the...

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