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LOANS
At The Better Broker we have extensive experience dealing with a wide range of clients with different professional backgrounds and levels of investments, from people buying their first property to those with existing complex portfolios. Complex home and residential investment loans are one of our specialties.
At The Better Broker we have extensive experience dealing with a wide range of clients with different professional backgrounds and levels of investments, from people buying their first property to those with existing complex portfolios. Complex home and residential investment loans are one of our specialties.
What is a complex loan?
A complex loan usually falls outside normal lending guidelines and/or requires exceptions from Lending Credit Managers to demonstrate repayment servicing and affordability. It includes income from companies, businesses, and trusts that are difficult to determine. There are also situations where it is difficult to quantify monthly expenditure due to employee allowances, unusual accommodations, offshore income and expenses, and business income and expenses versus personal expenses and commitments, especially in the cases of business owners.Our technical expertise
- Complex Home & Residential Investment Loans
- Construction & Renovation Loans
- Equity Release Loans
- Guarantor Loans
- Borrowing With a Trust
- Australian Expat Home Loans
- Non-Conforming Home Loans
- Low Doc Loans
- Waived LMI Loans
CASH FLOW
BASED LENDING
Using cash flow-based lending, businesses can borrow funds based on their past cash flow and their projected revenue. Since no collateral is required, these types of business loans make it easier for businesses to get financing much faster.
Using cash flow-based lending, businesses can borrow funds based on their past cash flow and their projected revenue. Since no collateral is required, these types of business loans make it easier for businesses to get financing much faster.
Our technical expertise:
- Working capital finance solutions
- Finance to establish a new practice (legal & accounting firms)
- Mergers & Acquisition finance solutions (legal & accounting firms).
With no security attached to the loan, the interest rates are usually higher for unsecured business loans. Therefore, cash flow loans are preferable to companies with high-profit margins with no assets to pledge as collateral.
There are several forms of cash flow lending, including term loans and lines of credit.
Term loans offer regular set payments over a predetermined period (term) of the loan, while lines of credit provide access to predetermined amounts of funds, where the business only pays interest on the amount withdrawn.
One of the most common financial metrics used by a lender when making a lending assessment decision is the company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation).
Where a percentage (i.e., 60% as an example) of the gross fee income or a multiple of the EBITDA (i.e., <3.5x as an example) is used to determine the maximum loan amount granted.
Cash flow-based lending primarily suits and supports a company’s working capital requirements and/or funding items of a capital expense nature (i.e., short-term payroll obligation). Most commonly it’s also a preferred finance solution for accounting and legal practices to purchase an existing practice or fulfil a merger and acquisition strategy or establish a new practice.
Another working capital solution that is commonly preferred is Invoice Finance (Asset-based lending) where the invoices are used as a form of collateral in the event of default. The lender provides finance based on a percentage of the value of the outstanding invoices. For example, some invoice finance lenders provide 80 per cent of the value of the outstanding invoices. The loan is repaid when the invoices are paid. In some cases, the lender will take over the collection of the outstanding invoices.
Whether your loan requirements are large, small, or complex, The Better Broker can help.
COMMERCIAL AND PROPERTY LOANS
We assist savvy property investors, builders and developers with accessing capital for multiple needs.
For property investors, you may be looking for a loan to start or expand an existing property portfolio including but not limited to the purchase of commercial property and/or the development of multiple dwellings.
We assist savvy property investors, builders and developers with accessing capital for multiple needs.
Our technical expertise
- Commercial Property Purchase
- Commercial Lease & Low Doc
- Commercial Specialised Securities
- Commercial & Residential Subdivision
- Land Bank
- Development Funding (with or without presales)
- Incomplete Construction (Single & Multiple Dwellings)
- Commercial Loan (Residual Holding Stock)
- Residential 2nd Mortgage
For property investors, you may be looking for a loan to start or expand an existing property portfolio including but not limited to the purchase of commercial property and/or the development of multiple dwellings.
For the savvier property investor, you may be looking for a loan to start and/or expand your interest in purpose-built properties, such as hotels, motels, petrol stations, childcare centres, caravan parks, retirement villages etc. which differ in nature and function from your standard residential and commercial property but offer unique opportunities.
And lastly, if you are a builder or developer starting at a development project including but not limited to land subdivisions, townhouse developments, apartment projects, multi-residential apartments, mixed-use retail, and commercial projects, as well as mixed-use developments. They are among the types of projects we can assist with securing funding.
Book a consultation today to discuss your property investment, development or building needs.
ASSET
FINANCE
From commercial equipment, and engineering equipment to excavators and more, The Better Broker can help business owners obtain the right Asset Finance to assist with the upfront or running purchases of the assets so that business owners can focus on starting or expanding their businesses.
From commercial equipment, and engineering equipment to excavators and more, The Better Broker can help business owners obtain the right Asset Finance to assist with the upfront or running purchases of the assets so that business owners can focus on starting or expanding their businesses.
To run their businesses efficiently, many business owners require specific assets and equipment; however, they may not have the funds to do so. It is at this point that Asset Finance can be very helpful for start-up businesses and established businesses to fulfil their growth plans and satisfy their demand for services.
Rather than paying the full cost of the asset upfront, the business secures a Chattel Mortgage loan to buy the necessary assets and/or equipment to operate its business activity and generate revenue while making periodic repayments. Once the contract is completed, the business is given a clear title of the asset.
Although sourcing competitive Asset Finance solutions can be time-consuming, it does not have to hinder your company's growth.
We at The Better Broker have strong active relationships with many lenders offering Asset & Equipment finance solutions for businesses in Melbourne, Sydney and beyond. From commercial equipment, and engineering equipment to excavators and more, simply contact us to discuss how we can assist your business to grow.
BUSINESS
LOANS
There are many Business Loan options, whether you’re looking for secured or non-secured, short- or long-term financing. Finding the right lender and loan can significantly impact your business’ success.
There are many Business Loan options, whether you're looking for secured or non-secured, short- or long-term financing. Finding the right lender and loan can significantly impact your business' success.
Our technical expertise
- Working Capital.
- Purchase of Business
Business Loans can ultimately be used for any purpose. For business owners, you may be looking for a loan to acquire or construct your office or factory, to access funds for working capital purposes to further grow your business or to upgrade vehicles and equipment.
Having worked with businesses all over Australia, we have the expertise to structure even the most challenging finance deals.
DEBT CONSOLIDATING AND RECYCLING STRATEGIES
Debt consolidating is a financial strategy that involves combining all your high-interest, unsecured loans into one lower-interest payment. To consolidate your debts, we can take out either a new loan to cover the debt that we need to pay off, or we can refinance your existing loans at a lower rate.
Debt recycling is a tax-efficient strategy that helps you pay off your non-deductible debt (e.g., the loan on your house) while also building wealth over time. This involves using tax-deductible investment debt to replace or ‘recycle’ your family home debt.
Debt consolidating is a financial strategy that involves combining all your high-interest, unsecured loans into one lower-interest payment. To consolidate your debts, we can take out either a new loan to cover the debt that we need to pay off, or we can refinance your existing loans at a lower rate.
Debt recycling is a tax-efficient strategy that helps you pay off your non-deductible debt (e.g., the loan on your house) while also building wealth over time. This involves using tax-deductible investment debt to replace or 'recycle' your family home debt.
How does the Debt Recycling strategy work?
When you invest the equity in your home in income-producing assets, the earnings from these assets may be paid towards your home loan, allowing it to be repaid faster.
Typically, the interest on investment loans is tax deductible. Therefore, you might be able to create a tax saving from this strategy, which could also be put toward your home loan. Additionally, if your investments increase in value, you will build your wealth.
The goal is to increase your investment loan at the end of the first year by the same amount you paid off your home loan and then reinvest that increased amount. It is the goal to repeat this process every year until your investment loan completely replaces your mortgage.
Contact The Better Broker to find out how we can assist you with debt consolidating or recycling requirements.