SMSF

A loan to an SMSF via a limited recourse borrowing arrangement (LRBA) for the purchase of residential or commercial property.

KEY FEATURES

Acceptable Borrower SMSF (Trustee Company)
Loan Purpose Purchase of residential or commercial propert
Eligible Property Security Residential Security / Commercial Security
Assetline Interest Registered Registered 1st Mortgage
Loan Amount $500,000 - $5,000,000
Loan Term 3 Months - 36 Months
Interest Payments Paid monthly in advance or prepaid (partially or fully)
TIER 1 TIER 2 TIER 3

Eligible Postcodes

Metro Plus Metro Plus, Category 1, Category 2 All Postcodes Considered

Credit

Clean Credit Borrower Defaults Considered Borrower Defaults Considered

Maximum LVR - Residential

55% 65% 70%

Maximum LVR - Commercial

45% 55% 65%

Prime Rate (Residential)

7.45% 8.45% 8.95%

Prime Rate (Commercial)

8.20% 9.20% 9.70%

Establishment Fee

1.65% 1.85% 2.00%

RISK-BASED LOADING GUIDELINES

Loans $500,000 - $1,000,000

0.25% 0.25% 0.25%

Loans >$3,000,000

1.00% 1.00% 1.00%

Mimimum Term 3 Months - 6 Months (Estab. Fee)

0.25% 0.25% 0.25%

Mimimum Term 7 Months - 11 Months (Estab. Fee)

0.15% 0.15% 0.15%

KEY CRITERIA

Surplus Liquidity 20% of Property Security to be held in cash or liquid assets
SMSF Financials Last 12 months required
SMSF Tax Returns Last 2 years required
Rental Income Evidence of projected rental income required
Personal Guarantee Required

Download your Product Guide here

Assetline provides funding for high quality property-backed transactions that sit outside mainstream bank policy.

We lend to all major metro centres nationwide, offering finance to NSW, VIC, QLD, SA, WA, TAS and ACT. Because we are lenders, not brokers, you deal directly with the team who makes the lending decisions.