Glen Hare’s Post

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

  What a week this week! Able to achieve some good results for our clients.   1. Purchase of a new Owner Occupied, we were able to get our clients offer to the top with a 7 day finance clause. Macquarie Group came through with the goods within 2 days, involved a refinance of their current owner occupied which will be an investment, release the equity to then fund the new purchase, totalling $1,300,000   2. Pre Approval, similar to above needing an instant answer, Macquarie Group able to assist with their bonus policy boosting their borrowing power, unlocking the next purchase at around $1,900,000   3. Cash out for $250,000 for a new caravan, renovations and car, Macquarie Group again funds needed in a hurry   4. Pre approval with Westpac for a Lawyer, able to leverage the 90% no LMI policy, meaning her deposit on a $900,000 purchase is reduced by $90,000!   Add that with 6 new clients coming through! 5 offers being accepted for clients who have been looking for months it's been a busy week!   Need your portfolio reviewed? Not sure what you can or can't do?   Remember we’re a free service as brokers, and we have a buffet to choose from!   If you're lucky I might even shout you a coffee! #mortgagebroker #brokerwa #refinancing #offers

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?

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

We’re really excited to announce an exclusive investment opportunity for our latest development in Eastleigh, Hampshire… LINK IN BELOW FOR MORE DETAILS. Restoring a 1980s building that was once a Barclays bank, this project has incredible potential and we would love you to join us. OCTOBER 2024 is the deadline for this fantastic investment opportunity, so act fast if you want to find out more information ⚡️ Please click the link below for more details, or drop me a message. tinyurl.com/Barclays-House 🙌 #commercialtoresi #propertydevelopment #residentialconversion #commercialconversion #propertyinvestment #investment

Thank you to those in the network able to join our recent discussion with Howard Marks (Co-Chairman, Oaktree Capital Management, L.P.) and Stuart Haigh (Head of Investments, Spire Capital). The recent public market rally reminds investors of the risks of ‘goldilocks’ thinking. Inflation is yet to be fully tamed so attempting to time the Fed pivot is fraught with difficulty. Even with the expected easing cycle, we may see the Fed's medium term settings in the 3.00 to 3.50% range. This is meaningfully higher than the 0.25% back in 2020. This means a broad range of good companies with highly leveraged balance sheets, who arranged debt at these levels, will struggle to refinance. In between, the weight of additional interest costs on unhedged loans is seeing debt service coverage ratios on the decline. Companies are running out of cash. Spire Capital is pleased to be partnered with Oaktree to help Australian investors (Qualified Purchasers) capitalise on what Howard calls the ‘Sea Change’. Please email investorrelations@spirecapital.com.au to learn more or to receive a recording of our recent webinar with Howard. #privatecredit #distresseddebt #diversification #privatedebt #privatemarkets

🏦 Breaking News: Macquarie Bank Leads with Interest Rate Cuts! 🌟 This is great news for investors! Macquarie Bank, Australia's fifth-largest lender, has cut its variable home loan rates by up to 0.21%, with the lowest rate now at 6.15%. This move, targeting new customers with smaller deposits, sets Macquarie apart from its rivals and defies current market trends. Existing customers are encouraged to negotiate for similar reductions. Additionally, the bank has lowered its 3-year fixed rates to 5.99% for those with larger deposits. Amidst dropping inflation, now at 4.1%, expectations are high that the RBA will hold interest rates, signalling potential relief for borrowers in this dynamic market. 🌏💡🏠💸 #FinanceNews #CommercialSpaceFinder #SpaceFinder #InterestRates #MacquarieBank #AustralianEconomy #RBA #RateCut #RealEstateAustralia

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

𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐌𝐈𝐂𝐬? 𝐇𝐞𝐫𝐞 𝐀𝐫𝐞 𝟑 𝐊𝐞𝐲 𝐓𝐢𝐩𝐬:     1. Tenure and Track Record: Don't just skim the surface! Dive into the historical performance and track record of the fund manager. Remember, steady leadership can be a compass in uncertain times.     2. Historical Returns: Ever heard the saying, "History repeats itself"? While past performance isn't a crystal ball, it's a valuable glimpse into a company's journey.     3. Real Estate Security: Not all mortgages are created equal. Peek behind the curtain and understand the security backing the investment. Residential properties might just hold the key to stability and demand.    From returns to risk management, read our blog for more key areas to look for before investing:    https://lnkd.in/gmbNAGXZ      The redemption policy is subject to cash availability. For more information on Alta West Capital and its mortgage funds please refer to www.awcapital.ca or contact Investor Relations at investor.relations@awcapital.ca    Wendy McKenna Criselle Lim Gemma Darling     #AltaWestCapital #WeMakeItHappen #AlternativeInvestment #MICInvestmentTips #HistoricalPerformance #HistoricalReturns #RealEstateSecurity #RealAssets #UnlockingPossibilitiesTogether

As a seasoned fund manager at LBC Capital Income Fund, I often get asked this question: How is investing in trust deeds different from other investment opportunities? Allow me to shed some light on this topic. Firstly, let's clarify what trust deeds are. In essence, trust deeds represent real estate-backed loans, offering investors a unique avenue to participate in the real estate market without the burdens of property ownership. Now, onto the differences. Unlike traditional real estate investments that require hands-on management, investing in trust deeds through LBC Capital Income Fund offers a passive income stream. We handle all the heavy lifting, from loan origination to servicing, allowing investors to enjoy consistent returns without the stress. Moreover, trust deeds provide a level of security that many other investment opportunities lack. Backed by tangible assets—real estate properties—these investments offer a layer of protection against market volatility and economic downturns. Another key distinction is the level of predictability and stability inherent in trust deed investments. With fixed terms and predetermined interest rates, investors can forecast their returns with confidence, offering a level of stability that's hard to find elsewhere. In summary, investing in trust deeds with LBC Capital Income Fund offers a unique combination of passive income, security, and stability. It's a smart choice for investors looking to diversify their portfolios and achieve long-term financial goals. Are you an accredited real estate investor? Reach out to learn more about how LBC Capital can help you diversify and bring more stability to your portfolio. #RealEstateInvestment #WealthBuilding #SecureInvesting #PropertyIncome #InvestmentGrowth #FinancialFreedom #TrustDeedInvesting #PassiveIncome #LuxuryRealEstate #InvestorLife