Forums / Getting Technical / Finance / 85% LVR SMSF

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  • Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Thought I would introduce all PI members to an Australian first in the SMSF property loan space.

    In conjunction with our legal advisers & Superannuation Lawyers Cooper Grace Ward we are now able to offer SMSF’s an opportunity to purchase residential property in QLD, NSW, ACT & WA property to a lvr of 85% without having to go thru the expense of setting up a Bare Trust or incurring LMI.

    All property locations are considered and there is no minimum SMSF Balance or high servicing hurdles.

    We have approved a number of applications this week alone from SMSF’s that have been told from other lenders that they don’t have a sufficient Fund balance (Usually 200-250K) or they need a percentage cash surplus post settlement.

    If you are looking to purchase a property inside your SMSF and want an alternative finance options or have an actual SMSF scenario feel free to drop me an email and we can send you some details.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of BuyersAgentBuyersAgent
    Participant
    @knightm
    Join Date: 2005
    Post Count: 317

    Thought I would introduce all PI members to an Australian first in the SMSF property loan space.

    In conjunction with our legal advisers & Superannuation Lawyers Cooper Grace Ward we are now able to offer SMSF’s an opportunity to purchase residential property in QLD, NSW, ACT & WA property to a lvr of 85% without having to go thru the expense of setting up a Bare Trust or incurring LMI.

    All property locations are considered and there is no minimum SMSF Balance or high servicing hurdles.

    We have approved a number of applications this week alone from SMSF’s that have been told from other lenders that they don’t have a sufficient Fund balance (Usually 200-250K) or they need a percentage cash surplus post settlement.

    If you are looking to purchase a property inside your SMSF and want an alternative finance options or have an actual SMSF scenario feel free to drop me an email and we can send you some details.

    Cheers

    Yours in Finance

    Hi Richard,

    Can I ask how you offer loans for SMSF property without the bare trust? If you have private finance I can understand a higher LVR but I thought the bare trust was a legislated requirement because of the LBRA rules? Is that also sidestepped by private finance? If you prefer to respond via private message I understand as I am curious but perhaps you have some commercial in confidence or intellectual property you don’t want to share in public.

    Thanks
    Matt

    BuyersAgent | Precium
    http://www.precium.com.au
    Email Me | Phone Me

    South Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Hi Matt

    The facility is not an SMSF loan and therefore does not fall under the LBRA rules.

    It is done by way of a direct lease agreement with the SMSF and therefore has greater flexibility as well as considerable Tax advantages for the SMSF in the long term.

    We have spent a considerable amount of money with Cooper Grace Ward ensuring the product is both ATO & SISA compliant and the launch has been overwhelming. To date, we have settled around 22 applications with another dozen or so in the pipeline.

    Recently changes in VIC legislation concerning such arrangements have temporarily restricted Victoria but NSW, QLD, ACT & WA we are assessing deals daily.

    Hope this helps.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of IanIan
    Participant
    @kellian
    Join Date: 2018
    Post Count: 0

    Keen to have a closer look at your product.
    Can you explain more here on the forum?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Ian, happy to email you the product specs if you want to PM your address.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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