Types of Loans & Products Available
***INNOVATIVE & EXCITING NEW PRODUCTS***
SELF MANAGED SUPERANNUATION FUND LOANS ( SMSF )
An opportunity to diversify investments within your own SMSF
- Approved under Superannuation Industry Supervision Act
- Non-recourse loans – beneficial property owner is the SMSF
- Commercial/Residential property purchases to 60% to 80%of valuation/up to $2 million (higher limits on request)
- Positive or neutral gearing of the loan without relying on the super fund
- Members of the super company can act as trustee
- Lenders terms and conditions apply
How does it work?
Your Self Managed Super Fund (SMSF) wants to buy a residential property but cannot fund the full purchase price. It does, however, have enough funds for a percentage of the purchase price.
The SMSF can purchase the property under an installment arrangement, subject to certain criteria. The SMSF provides the funds for a partial payment of the property, pays all relevant fees and borrows the remaining funds to pay the balance.
The property is owned by a separate Security Trust with your SMSF having a beneficial entitlement to it. The Security Trust may then lessee the residential property to tenants on commercial terms.
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The Security Trusts receives lease payments from the lessee and additional instalments from your SMSF. These are used to pay expenses and loan repayments relating to the premises.
A mortgage over the property will be the security for the loan under a limited recourse loan. In the event of default, the lender only has recourse to the property, and any security provided by a guarantor, and cannot claim on any other assets within the SMSF.
After the loan is repaid, the SMSF then has the right, but not the obligation, to acquire legal ownership of the residential/comercial property.
- For more information on Self Managed Superannuation Fund Loans 1800 667 707
ACCEPTABLE REAL ESTATE SECURITY TYPES
- Owner occupied residential properties
- Investment residential properties
- Town Houses
- Units - Apartments
- Land
- Commercial property - owner occupied and/or investment
- Office
- Retail
- Vacant land - including broad acres for sub-division
- Rural properties
The suitability of the above securities varies between some funders and there are differing Loan to Valuation ratios.
Post Codes and size may exclude some borrowers.
Funders terms and conditions apply.
NO-DOC FEATURES & BENEFITS
- NO requirement to produce financials
- NO background checks
- Flexible repayment options
- Capitalisation of interest
- Interest only
- Principle & Interest
- Competitive interest rates
- Terms from 1 to 5 years (Longer terms on request)
- Loan to valuation ratio's up to 66% of a licensed real estate valuation
- Ability to roll over with minimal costs
- Ability to convert to a Low and/or Full doc loan with minimal costs
[subject to lenders qualification criteria being met]
Please download our PDF No-Doc advert
Loans are available no matter what age, employment history or credit history of the applicants.
All loans have funders terms and conditions that will need to be met.
To ensure the protection of the funder and the borrower alike, the documentation is always sent to the borrowers solicitor for witnessing and explanation.
In some cases, the funders will also request that the borrowers seek independent Financial Planning advise.
In all cases, PFG Mortgage Managers recommends that borrowers take their own independent advise prior to entering into any loan transaction.
LOANS
- Residential secured loans
- Vacant land loans
- Commercial loans
- Owner Occupied loans
- Investment loans [ all types ]
- Debt consolidation loans
- Property purchase loans
- Refinance loans
- Construction loans
- Divorce settlement loans
- Reverse Mortgage loans
PRODUCTS ON OFFER
- Credit Lines [ several loan splits are available ]
- Fixed Interest rates
- Fixed Loan Terms
- Variable Interest rates
- Interest Only
- Principal & Interest
Contact us for further details.