Private Lending – Competitive Advantage
Private lending is a rapidly evolving space, and brokers who embrace it will gain a significant competitive advantage. Thinktank is dedicated to supporting brokers in a variety of ways to help them navigate this sector with confidence. Whether it’s understanding borrower profiles, structuring deals, or leveraging our expert team for guidance, brokers can count on us to provide the tools and insights they need to succeed.
Why brokers need to know about these products
With an increasing number of Australian mortgage borrowers relying on brokers for comprehensive solutions, the demand for diversification in brokers’ service offerings has never been more critical.
Going forward, it will be hugely valuable for brokers to gain confidence in private lending and understand the specific requirements and profiles of borrowers in this segment. Thinktank’s style of private lending often appeals to developers, property investors, and high net worth clients who prioritise speed, simplicity and execution as well as certainty.
Brokers expanding their offering into the private lending space isn’t just about staying competitive; it’s about capitalising on new opportunities, growing revenue streams, and deepening client relationships through the delivery of integrated financial options and solutions.
Who these products will appeal to
Private Loan is designed for business owners, property investors, and commercial borrowers needing short term capital for investment, refinancing, or business expansion. Security may take the form of residential, commercial, specialised properties or vacant land.
Residual Stock Loan is tailored specifically for developers looking to unlock equity in newly completed projects, particularly in high demand metropolitan and growth areas. By providing funding for properties in both metro and regional locations, Thinktank is ensuring that brokers can support clients with diverse investment strategies.
Key features of the products
Thinktank’s interest rates are very competitive and include flexibility for the introducing broker to earn up to 2.0% upfront and a 0.25% trail commission. Generally, the setup cost to customers is significantly reduced with longer loan terms available supported by a policy of no early repayment fees or claw backs.
Thinktank’s Private Loan and Residual Stock Loan are designed to provide brokers with the flexibility to support their clients’ varying business needs. Key features of the products include flexible terms from 3 months to 3 years, a loan limit of $7.5M and flexible servicing parameters including ICR’s from 0.50x – 1.25x, no LMI, and no title insurance.
