With all the recent headlines on SMSF-LRBA’s you could easily think this area of lending has been effectively closed off for new business. Not so.
If you are seeking to for a loan in the name of a SMSF keep in mind the following:
– SMSF’s can purchase Commercial or Residential property;
– Commercial property can be pure investment with 3rd party tenants or related corporate entities (owner occupied);
– You can refinance existing Commercial or Residential LRBAs with the ability to extend loan terms up to 30 years and significantly reduce monthly loan repayments;
– Refinance of Related Party Loans is still possible, provided these loans were originally documented as an LRBA; In-specie (Business Real Property) transactions are still available;
– GST funding is an option for Commercial SMSF purchases taking the initial LVR as high as 85% pending receipt of the BAS refund; and
Purchase of property under a tenants-in-common structure is also very much still available.
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