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SMSF Loan – Off-the-plan security, insufficient serviceability within SMSF

Our client purchased an off-the-plan property located in Brisbane metro through SMSF. One year later when construction has completed, lending policies for SMSF have changed thus organizing finance through ordinary channels was not possible.
We facilitated the finance using a unique lending product that allows the loan to be viewed as an ordinary property loan, while establishing an agreement in the background to ensure compliance as a SMSF loan.

Such lending option is particularly helpful when property location is not acceptable to SMSF funders, or if loan capacity of your SMSF alone is insufficient.

Amount:              $388,000

LVR:                    80%

Interest rate:     4.79%

Lenders fee:       $8,410