SMSF Commercial Loan
Ray owned a long-standing consultancy firm in Brisbane’s inner suburbs. His business was expanding rapidly and he wanted to purchase his own business premises to move to a larger office and avoid ongoing rental expenses.
He made an offer to purchase a large commercial property. He had assumed that he’d be able to take out a commercial loan using his family home as security, however, after being turned away by two lenders he realised that there wasn’t enough equity in his home for the purchase. He did, however, have a sizable amount of equity in his superannuation fund.