Macquarie and Citi Provide $1.7 Billion Funding Boost to Fintech Bridgit
Macquarie Bank has expanded its credit facility for Australian bridging finance lender Bridgit, elevating the fintech's total debt funding past $1.7 billion alongside Citi. This substantial capital injection enables the platform to support a growing number of homeowners purchasing their next properties before selling their current ones, signaling strong institutional confidence in alternative property lending markets.
Source: Mortgage Professional America