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Thinktank Announces Launch of Commercial SMSF-LRBA Loan Product
The Thinktank SMSF Commercial Loan is available across all standard property types including retail, industrial, office and professional suites located in major urban areas around Australia. With a maximum loan size of $3 million and interest only period option of up to five years, this new offering from Thinktank allows ultimate flexibility for the trustees of Self Managed Superannuation Funds to select a loan structure that ideally conforms to their individual property finance and retirement planning needs.
Thinktank CEO, Jonathan Street, commented “We have invested a great deal of time over the last two years in thoroughly analysing the various commercial SMSF loan offerings of the major banks as well as others in the market. We are confident we have engineered the sort of loan flexibility that will fully cater to the wide variety of circumstances and needs of SME operators looking to take advantage of the significant benefits of owning commercial property via a self managed super fund.”
Whether for the purchase of a new property or re-finance of an existing facility, Thinktank’s new commercial loan product is available to established and new SMSF’s and will take into account historical SMSF income, member contributions and rent received from the secured property in the assessment of loan serviceability. SMSF trustees will be able to borrow up to 75% of the value of the property with principal and interest payments while interest only periods of up to five years are possible at LVR’s of 70% and below. Personal guarantees of members are not required where the LVR is 50% or less.
Thinktank has been soft trialling their new SMSF loan over the past four months with a small number of established business referrers and has been over-whelmed by the positive nature of responses on both the features of the product and transactional management.
Think Tank Group Pty Ltd is a specialist commercial property lender. Our focus is on servicing the broker channel in financing Australian owner-occupiers and investors. We actively seek to promote and support the businesses of our partners by offering a wide range of lending options, increased income opportunities and a lower cost of doing business.”
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Thinktank is Australia’s leading specialist commercial property lender up to $5 million. A privately owned and independent business, Thinktank’s senior executives possess more than 20 years individual experience in commercial property and SME lending. The company has developed a unique cross section of loan products enabling borrowers to purchase, refinance or release equity from properties. This spans office, retail and industrial premises around Australia either for investment purposes or direct business use by the owner.
For all media enquiries: Phoebe Jamieson at TANK on 0451 971 979 or email@example.com