We are thrilled to announce that we now have a great commercial product available for your SMSF clients. The True Blue SMSF Commercial Product is suitable for your clients who meet the following criteria;
Max loan amount $1.25M
Purchase or refinance of Commercial properties.
Interest Only available for 10 YEARS (5+5) with a max LVR 70% (P&I 80%)
LVR Requirements
Standard Commercial;
Industrial, Retail, Residential with up to 3 dwellings on 1 Title and even Medical or Dental Suites
80% LVR in Metro and Larger Regional Centres
70% LVR in Inner City locations
60% LVR in Regional locations
Specialised properties:
Maximum LVR of 70% for Serviced apartments and Display homes. The properties must be in Metro or Larger Regional Centres.
Maximum LVR of 60% for Childcare Centres, Boarding Houses, Retirement Units and Student Accommodation. Properties must be in Metro or Larger Reginal Centres.
Unacceptable Commercial securities are those that are consider specialised or have a very limited market.
Serviceability is assessed on the proposed Rental income & Mandatory Superannuation Contributions. We must allow for all ongoing expenses associated with running the SMSF as an expense.
Running costs associated with the SMSF include; Accountants, Auditing, Government and Insurances.
We will use the higher of the actual costs for established funds, or a minimum of $3k.
For a newly established SMSF we require an Accountants advice providing an estimate of the running costs.
For all inquiries about our Commercial SMSF including rates and fees, please contact me to discuss further or email scenarios@australianfinacial.com.