Time Home Loans changes hands
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The brokerage has been acquired by broker and Cliff & Moss founder Johnathon Reeves, as it ramps up to expand into commercial and business finance.
Brisbane-based brokerage Time Home Loans (Time) has welcomed a new owner after its founder and director, Ruan Burger, sold the company to Cliff & Moss owner and broker Johnathon Reeves.
The sum of the acquisition for the company – whose loan book sat at just over $1 billion as at the end of January 2021 – has not been disclosed.
Mr Burger, who set up the company in 2013 and built it into one of Australia’s leading brokerages (ranking 21st in The Adviser’s Top 25 Brokerages ranking 2021), told The Adviser that he made the decision to sell the company in order to spend more time with his family.