Funding Solutions & Scenarios

We find Lending Solutions For All Types of Client Scenarios

Below is a real-life scenario showing how we were able to help this borrower with a bridging loan. Could this be a similar situation your clients find themselves in?

Client Scenario

This client needed an urgent bridging loan for just 2 months. They had offered $50k below the asking price on a property but with the condition that they could settle within 7 days. They had already sold their property but this didn't settle for another 2 months so needed to bridge the gap.

Client Solution

Funding was able to take both properties as security, get a 69% LVR and settle in 4 days. The clients have now settled on a property and moved into their new forever home.

Scenario Overview

  • Borrowing Amount - $1.9M
  • Borrowing Entity - Joint Owners
  • Location - Lagoon Pocket QLD 4570
  • Security - First Mortgage
  • Loan Term - 2 Months
  • Exit Strategy - Sale of Property
  • Approval Time - 1 Hour

Banjo: Rolling success with working Capital express

Working Capital Express helped this business roll out their operation plans and continue 'Striking' big within the Lawn Bowls manufacturing industry.

  • Industry: Manufacturing
  • Loan Amount: $250k
  • Time in Business: 100+ years
  • Structure: Company
  • Annual Turnover: $7M
  • Total Deal Time: 24 Hours

A bit of Background

  • In 2018 this Lawn Bowls manufacturing business celebrated its 100th year as an Australian business. Innovators of the plastic Lawn Bowl, this business continues to be a leader within the industry.
  • The business has an annual turnover of $7M.
  • The client sought funds to purchase additional stock to assist with business operations.

How did we help this business move forward?

  • Banjo reviewed and approved the application in 24 hours.
  • Banjo's Working Capital Express loan of $250K supported the client's business operations as they were able to purchase additional stock to increase their inventory and continue moving business forward.

Got a similar deal on your desk?
Call +61 0409433910 or 1300 22 65 65

Assetline Capital

When a developer was seeking construction funding to build 14 townhouses in Albion, Victoria, he reached out to Assetline Capital. He owned the site unencumbered, having purchased it pre-Covid, but did not want to pre-sell any of the stock as he believed he would get a better price by selling on completion.

Assetline Capital provided a cash out of 55% against the land value and funding for the project with 65% LVR (based on gross realisation, net of GST). The project was completed in 15 months after which the borrower refinanced the construction loan into a residual stock loan with Assetline.

Key deal terms:

  • Term: 18 months
  • Loan Amount: $6.33 million
  • Product Solution: Construction
  • LVR: 65%
  • Location: Albion VIC

Important changes to ANZ's commercial lending policies

CHANGES TO ANZS COMMERCIAL LENDING RETAIL POLICY THRESHOLD

We are pleased to announce important changes to ANZ's Commercial lending retail policy threshold.

Under regulatory reforms, the Australian Prudential Reporting Agency (APRA) allowed Australian Deposit Institutions to increase their Commercial lending retail policy threshold from the current limit of less than $1 million, to a limit of less than $1.5 million.

ANZ will implement this change from 1 August 2023.

What is changing?

The changes mean that Small Business Banking policies will apply to customers with total business lending (TBL) of less than $1.5 million except for Agribusiness, Pharmacy or Childcare customers where the current threshold of less than $1 million will continue to apply.

Benefits to you and your clients

Benefits to your clients include access to ANZ streamlined lending solutions and a simpler risk appetite.

Business Banking policies will still apply to customers with TBL of $1.5 million or more.

COMMERCIAL PROPERTY INVESTMENT POLICY UPDATES

Effective from 1 August 2023, the Commercial Property Investment Policy will be updated to offer your clients greater flexibility when seeking commercial property investment funding.


What is changing?

  • Maximum loan term of 5 years with interest only repayments for the full term of the loan. The interest only period is not to exceed the lesser of the lease term (exclusive of options) or 5 years.

  • Security must be standard commercial property, with strip retail or CBD centre retail restricted to a 55% LVR and all other standard commercial assets at a 65% LVR.

  • Serviceability will be completed via the interest cover ratio (ICR) which must be greater than or equal to 1.5x and is based on the actual rates offered to the customer. There is no longer a requirement to fully amortize the loan over the lifespan of the loan.

Who is eligable?

  • For TBL of up to $1.5 million on ANZ Business Loans.

  • Commercial property investors looking to purchase a commercial property to lease to a third-party. Not suitable for owner-occupied.

  • All applications are subject to eligibility criteria and credit approval.

Where to get more information

Contact your ANZ Commercial BDM or Banker for further information about these changes.

Register for an upcoming 'ANZ Small Business Banking Update webinar' - invitations will be emailed over the coming weeks.

Help your buyers secure their home loan over the weekend | Deposit Assure

With a lack of stock around the country, Deposit Assure's FLEXI deposit bond is their number 1 scenario right now.

Your prospective homebuyers can get a pre-approved FLEXI Deposit Bond, ready to secure their new home at auction.

Once they are successful, they can now activate the deposit bond for vendor acceptance immediately after the auction over the weekend!

Click here for more information.