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How to Structure SMSF for specific lenders
How to Structure SMSF for specific lenders

Lenders: 360 MMS, AAA Financial Corporation, Axis Lending, Granite HL, Infinity Group Finance, Mortgage Mart, WLTH

Liz avatar
Written by Liz
Updated over 3 years ago

I hope this helps, an SMSF app will typically have the following structure for applications submitted to the following lenders:

  • 360 MMS

  • AAA Financial Corporation

  • Axis Lending

  • Granite HL

  • Infinity Group Finance

  • Mortgage Mart

  • WLTH

Application Structure at a Glance

An SMSF application submitted to these lenders requires:

  1. 2x Trust Applicants

    1. An SMSF Trust; and

    2. A Bare/Security Trust

  2. 2x Company Entities

    1. A company for the Trustee of the SMSF; and

    2. A company for the Bare/Security Trust

  3. Person Guarantor/s

Application Structure in Detail

You will need to add the following to the application. While entering the data, use the red bells and validation messages as a guide.

1. SMSF Trust

  • Can only be a guarantor

  • Can only have 1 Trustee

  • The Trustee must be the company borrower - a Pty Ltd company (non trading) that is an ATO Regulated Self Managed Super Fund.

This entity may have more assets outside of property (eg shares etc)

2. Security (Bare) Trust

  • Can only be a guarantor

  • Can only have 1 Trustee

  • The Trustee must be the company guarantor - a company (non trading) that is a Pty Ltd. This is a company that will only have property as assets (it is there only to be the vehicle the property is held in)

3. A 'Pty Ltd' Company that is a ATO Regulated Self Managed Super Fund

  • Can only be a borrower

  • The directors must be all the members of the Super Fund

Note that when you search for this entity in ABN lookup, the entity type will be ATO Regulated Self Managed Super Fund for example

4. A 'Pty Ltd' Company that holds the property

This is often called <Property Address> Pty Ltd.

  • Can only be a guarantor

  • The directors must be all the members of the super fund (eg Mr and Mrs)

5. Person Applicants

  • Must be guarantors

6. The Security Property

  • Can only be investment

  • Will be owned 100% by the company registered as the security company (eg 1 Smith St Pty Ltd)

7. The Assets & Liabilities

  • The broker should only add in the assets and liabilities that are part of the super fund (dont worry about those belonging to the person applicants)

  • Any existing Liabilities need to be owned by the Super P/L


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