Cairns Finance - Specialists In Lending

Your Full Credit Licence loan broker

With access to over 250 lenders, Cairns Finance will find you the right product

Purchasing property in a Self-Managed Superannuation Fund (SMSF) Loans

You can buy a commercial property for your business, passive investment or residential investment

SMSF finance facilities, some of the basics:

SMSF loans are funds which are loaned to a self-managed super fund in order to assist with the acquisition of eligible income-producing real estate
The funds borrowed are applied to the purchase of an asset
This asset is held in trust and the self-managed super fund acquires a beneﬁcial interest in the asset
The SMSF has the right to acquire legal ownership by finalising payment
SMSF loans are ‘Limited Recourse’, which means the lender is not able to access any further assets held by the SMSF other than the property held as security. This means that even in the event of a default, the rights of the lender against the SMSF are limited to the security property, ensuring the safety of the SMSF’s portfolio across other investments. The financier though may require personal guarantees from members of the fund

If you would like to know more about the benefits of using a Self Managed Superannuation Fund (SMSF) give Scott and the team at Cairns Finance a call today. We have worked on many SMSF products for clients over the years and can offer expert advice in this regard.

Some of the restrictions to SMSF finance packages to be aware of:

No finance is available for the construction, refurbishment, repair or improvement of the property
Member/s of the SMSF cannot reside in the residential property but can purchase a residential property that they intend to move into after retirement, subject to it being transferred out of the Self-Managed Super Fund, buying a commercial property for use by your own business though is fine
No redraw on the loan is available
All property purchases must be on a ‘stand-alone’ basis, buying two adjoining properties is fine abut they will be individually the subject of their own separate legal structure
An existing asset can be refinanced providing it meets the requirements of the SIS Act
No leveraging of existing property is allowed however you can borrow to repay existing SMSF loans plus costs
It is particularly important that you are well versed of the ‘rules of the game’ when it comes to buying a property in your SMSF, so we encourage you to seek assistance from accountants, lawyers and financial planners that are experienced in this complex area of finance

We look forward to working with you

Industry affiliations that solidify our knowledge to better serve our clients

Also check out our YouTube channel for vlog posts on different finance subjects

As a member of Business Network International Australia, Cairns Finance has a strong referral network of proven professionals that its clients may access.

We are also members of the Mortgage and Finance Association of Australia who are the peak association for the mortgage and finance broking industry.

Resources to help you get informed about the lending industry

If you have any questions or need further information just give us a call

First Home Buyers Playbook

General Application

Home Buyers Essential Guide

Privacy Consent

Property Investment Essential Guide

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SMSF

SMSF loans are funds which are loaned to a self-managed super fund in order to assist with the acquisition of eligible income-producing real estate. The funds borrowed are applied to the purchase of an asset. This asset is held in trust and the self-managed super fund acquires a beneﬁcial interest in the asset.

Learn more