Ben O’Keefe’s Post

Macquarie.. does it AGAIN. Lodged last night at 6:00pm, approved at 12:00pm today. Client had purchased at auction and were so happy to do so. Previous lender valued their home $120,000 less (you’d be surprised which lender if I told you), and the client starts panicking. Lodged their loan application with MACQ formally approved within 3 business hours. My key takeaways for this specific transaction: - When Macquarie tell your their SLA’s are 2 hours, they are 2 hours.. ✅ - When your BDM is on SONG, they’re on SONG! Jacki Leed is one of the best to do it. She’s straight to the point and does not fluff and she’s saved my A** a few times now ✅ - Essential employees income (like hospital employees nurses) are used at 100% given you have a 3 month YTD payslip. No previous year income statement or tax return required ✅ Here’s to more business with Macquarie Bank and working with Jacki Leed They are just fantastic and make your work look flawless. #Happyfriday

MACQUARIE CUTS RATES   5.79% p.a. for owner occupier P&I 2-year fixed term at ≤ 70% LVR 5.79% p.a. for owner occupier P&I 3-year fixed term at ≤ 70% LVR 5.99% p.a. for investor P&I 2-year fixed term at ≤ 70% LVR. This latest move from a major lender is a great step in understanding what lenders think the future holds. This comes shortly after NAB announced their fixed rates dropped below the 6.00% mark to 5.99%. What are your thoughts about the future of interest rates?

I was 23 years old and earning $150,000 at Macquarie Group when I bought my first (and only) investment property in Redfern, Sydney. It took me to 2.5 years to save the $80,000 deposit and 11 months to find the place. Full disclosure: I was fortunate enough to live at home while I saved and my amazing Mum contributed $20,000 for the deposit. The property has grown around 289% since 2010 - from $386,000 to $1,500,000 With $450,000 remaining on the mortgage (I've used some of the equity to further invest). But how does that compare to other investment options? If I'd put the deposit and ongoing monthly repayments into the stock market I'd be looking at an estimated $1,400,000 portfolio - with no debt remaining and no interest paid. That's big. And would I do it all the same if I woke up in 2010 tomorrow? Knowing what I know now, maybe not. Knowing what I knew then? 100%. --------------- Give me a follow for more money talk 💴 --------------- #bestadvice #gettingthingsdone #money #financialadvice

A tale of bank investors: NAB- blah, blah, nothing to see here, we're just an enormous building society growing our home loan book with minimal losses; my! aren't all these brokers we have spent 20 years nurturing a bit expensive? MQG- we built a great mortgage business to ride the recent housing finance boom; now as returns in that market slow and the world undertakes an existential transition to zero emissions we plan to ride that wave too. Stockmarket- yeah, nah While it is always worth keeping in mind Keynes' quote about markets staying irrational longer than you can stay liquid, I have over many years admired the willingness of Macquarie to enter, and exit, markets based on their deeply-studied outlook. I don't think Macquarie will walk away from this anytime soon. Not investment advice, of course - we all need to form our own views.

Macquarie Group and Aleisha Jones have done it again! Had a tricky one, some confusion around financials and set up but within 24 hours we got the deal sorted. - 1 year self employed with freshly lodged company returns - Purchase of investment in a trust with only one application being the director of the corporate trustee but the other a trust beneficiary - PAYG income for the trust beneficiary - Another asset (rental investment) with high yield under the trust used (no rental yield cap) There is a reason why Macquarie Group are killing it in the mortgage space! Very straight forward policies, credit assessors are on the ball and on the ground support cannot be faulted. #macquariegroup #macquariebank #broker #bdm #mortgagelending

Last week marked a historic milestone for Household Capital as we closed our first portfolio securitisation. This deal's innovative structure, likely a global first, has generated strong interest from international and domestic investors in this new Australian asset class. As a result, the initial deal size had to be increased from $249m to $263m to meet institutional investor demand. This transaction not only positions us for the next phase of growth but also reinforces our commitment to our core mission. By establishing a sustainable funding model, we are empowered to continue our work of assisting 60+ Australians to Live Well At HomeTM by improving retirement outcomes one person at a time. Our Chief Risk Officer, David Cash, and his team including Liam Murphy and Will Smith worked relentlessly to create the model and secure an asset rating from Moody's Ratings. Additionally, our CFO, Ian Parkes, worked tirelessly with our CEO, Josh Funder to engage with investors and funders to finalise the deal. 🎯 🚀 https://lnkd.in/gxDRAtjf #livewellathome  #HomeEquity  #RetirementFunding  #FinancialInnovation  #Investment  #RMBS  #AustraliaFinance #securitisation #securitization Citi IFM Investors Legal & General   #nonbanklender  #reversemortgage  #reversemortgages

Redstone (UniCredit ) sold its beneficial interest in its entire portfolio in 2017; their 2017 filings state they will hold legal title until either Goldman Sachs can take legal title or a lender of their choice. The fact they can choose the lender means they have a legal interest along with the beneficial interest, that means by the Land Registry’s lily-livered reply that interest is legally required to be registered meaning Goldman Sachs MUST be registered as proprietor before it can direct Redstone to transfer title to Topaz Finance Ltd (@computershare)without that the transfer to Topaz is INVALID if Redstone sold its beneficial interest in its entire portfolio in 2017 their 2017 filings state they will hold legal title until either goldman can take legal title or a lender of their choice,the fact they can choose the lender means they have a legal interest along with the beneficial interest, that means by the LR reply that interest is legally required to be registered meaning goldman must be registered as proprietor before it can direct Redstone to transfer title to Topaz without that the transfer to Topaz is invalid ILLEGAL. #mortgages #vultures #money #securitisation #debt #bigshort #longcon #granddeception #lawyerswhomlie #deceivingjudges #poorregulation Alan Girvan Maurice Andrews HM Treasury HM Courts & Tribunals Service (HMCTS) Ministry of Justice UK @HMRC

#MondayMorningMotivation All you need is a lease…😲 NAB & Westpac are helping personal investors enter the commercial property market via their ‘Lease Doc’ product 🙌 Key requirements: ✅30% deposit ✅Active commercial lease ✅Ensure the rent can service the repayments No need to account for income or liabilities. It’s simple, yet effective💡 Ynance #mortgagebroker #commercialproperty #finance  

Accessing the value in your property as cash out can be really simple. We have just helped a client access $300k from their home which they will use for future investment purposes. As the loan product is interest only the $300k “cash” will sit in the linked offset account so there are no loan repayments until the money is used. My favourites for this type of structure is Macquarie Group Commonwealth Bank Bankwest and NAB as they will let you borrow up to 80% of the value of the property. The choice in Bank is generally dictated by the valuation on the property rather than the interest rate 💡 #equity

CMBS is often a misunderstood asset class and, for the discriminating investor, offers pockets of opportunity even in today’s challenging commercial real estate marketplace. Portfolio Manager, @Robert Neighoff, recently spoke with @Bendicte Gravrand from @Opalesque to set the record straight on CMBS and why he believes the present moment is ideal for alternative investors to use CMBS to capture the hidden alpha opportunity.   You can read the interview here: https://lnkd.in/emKQ-YD3   #CMBS #CRE #alternativeinvesting #hedgefunds