The post Short term business loan for long term success appeared first on Oak Laurel.

A short term business loan can you with long term sucess

Get a short term business loan for long term success.

Business can be a dynamic environment. Sometime you can’t plan for all of the threats or opportunities that can arise. When one comes and it requires access to capital quickly a short term business loan may be a solution. Banks and other non-bank lenders can be slow to act, and often they have rigid requirements that prevent good business deals being financed.

If you need flexibility and a faster response than you can get from a bank, maybe we can help you!

ACCESSIBLE: No onerous process and complex criteria.

FLEXIBLE: We can help you borrow against the widest variety of property and other assets.

QUICK: We can help you get a loan offer and settle within 48 hours.

Generally interest rates start at 1% per calendar month but can be more expensive depending on the lender.

The maximum loan size is dependent on the value of your security.

Different lenders will take different types of security over the property including:

• 1st mortgage
• 2nd Mortgage
• registered caveat

Contact Oak Laurel to find out more!

Contact us:

+614 30129662

Oak Laurel – loans made easy!

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The post Property Development Private Equity Funding appeared first on Oak Laurel.

Private Equity Funding For Property Development

Oak Laurel can assist you to obtain private equity funding for property development.

We can assist you with private equity of up to $10 million per project to quality property development projects.

Profit split with private equity investors / partners

The equity is raised through private investors under an Australian Financial Services Licence. The project profits will be split with the private investors at 50% of the profit. Capital raising fees apply, but can also be funded.

Do you and your development project qualify for private equity funding?

Qualifying developers

To qualify for the private equity funds you will need to be an experienced developer with at least 10 years of experience, and have developed at least $50 Million in projects.

Qualifying development projects

For your project to qualify, it needs to have:

• a minimum project return of 20% profit; and
• maximum of 60% Loan to Value Ratio.

Other criteria apply. Contact us to see if you and your project qualify.

Contact Oak Laurel to arrange private equity funding for your next property development project.

Oak Laurel – development funding made easy!

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The post Mortgage broker jobs Brisbane QLD appeared first on Oak Laurel.

Mortgage broker positions available in Brisbane QLD

Mortgage broker jobs Brisbane QLD

Mortgage broker positions are now available in Brisbane QLD. Oak Laurel is recruiting mortgage and finance brokers in Brisbane. If you are a qualified mortgage broker we want to hear from you!

Experience as a mortgage broker is an advantage but a Certificate IV (or diploma) in mortgage broking (qualification) is essential!

What we provide our mortgage brokers

We provide:

• A competitive uncapped commission structure. There is no limit to the amount that you can earn only your motivation to succeed.
• Marketing, including clients looking for assistance with their home loan, investment loan or other type of finance.
• Mortgage broking mentorship for new mortgage brokers with less than two years experience (a requirement of the mortgage broker industry).
• Flexible work environment. Set your own hours and schedule.
• Flexible work location.
• Supportive work environment.

 Why become a mortgage broker?

There has never been a better time to become a mortgage broker. Every year more and more borrowers are using mortgage brokers to assist them with their home loan or investment property loan. With the complexity in the loan market increasing and some much difference in cost and eligibility criteria between lenders there is no wonder borrowers are using mortgage brokers to help them through the maze. You too can reap the benefits of providing a highly valuable service to borrowers.

Join the team at Oak Laurel mortgage brokers in Brisbane.

Find out more about our mortgage broker jobs

Oak Laurel – loans made easy!

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The post Mortgage broker job Drummoyne NSW appeared first on Oak Laurel.

Oak Laurel Mortgage and Finance Brokers are recruiting Drummoyne NSW

Mortgage broker job Drummoyne NSW

If you are an experienced mortgage broker or even a newly qualified mortgage broker we want you!

Joint the team at Oak Laurel! We have a lot to offer you. We can provide competitive un-capped commission structure; access to a wide range of lenders and loans; marketing and a stream of clients inquiring about mortgages and finance ready for you to assist them; mortgage broker mentoring if you are a qualified mortgage broker with less than two years experience (a mandatory requirement in the mortgage broker industry) and much, much more!

There has never been a better time to be a mortgage and finance broker. Every year more and more borrowers are using mortgage brokers. More that 50% of home loan are now obtained through a mortgage broker. Compared to home loans, relatively few commercial loans are obtained through a mortgage and finance broker but this is likely to be a growth area in the future.

Borrowers can get massive value from using a mortgage broker as they can save thousands on their home loan, investment property loan or other loan. You can benefit from our uncapped commission structure for providing massive savings to your clients!

If you are a self motivated problem solver then you may just be what we are looking for!

Oak Laurel – loans made easy!

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The post Residential land prices increasing in Melbourne appeared first on Oak Laurel.

Residential land prices increasing in Melbourne as developers compete for limited stock

Residential land prices in Melbourne are approaching their previous peak levels as the pipeline land available for development begins to dwindle.

The National Land Survey Program (NLSP) March quarter survey, figures shows that the median block of residential land price in Melbourne increased 2.8% over the March quarter to $218,000.

Over the 12 months to March 2016 residential load lot prices in Melbourne increased 3.8%. Lot prices are just $2,000 below the previous price peak in September 2011 of $220,000.

Melbourne’s median residential land lot price is currently lower than Sydney’s by $245,000. However, because the developable land releases but it is believed that the level of affordability in Melbourne is unlikely to continue.

The demand for developable land in Melbourne continues to remain strong and stock level on the market remain low this will continue to drive up prices as competition from buyers increases. It is also likely to dive up property prices as lower levels of new housing stock comes on the market.

The National Land Survey Program data shows Melbourne has averaged 5,500 lot releases for each of the past three quarters and does not appear to be increasing.

National Land Survey Program data shows that the March quarter saw an average of 1,850 lots sold per month, the second highest quarterly sale rate since the National Land Survey Program began in 2005.

The Melbourne residential land market has posted four consecutive quarters of record or almost record sales volume, making 21,000 residential land lot sales for the year.

State government levies and taxes are also inflating land prices. Lack of Government land releases is also likely to have a price inflation impact on the Melbourne property market more generally.

Oak Laurel Mortgage Brokers – Loans made easy!

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The post Changes to non resident lending in Australia appeared first on Oak Laurel.

Changes to non resident lending in Australia May 2016

There has recently been some change in non-resident lending in Australia. Many lender that have previously been major players in the non-resident home loan market have pulled out completely from lending to Australian non-residents.

It is believed that these lenders are pulling out of home loans for non-residents in Australia because there have been a number of incidents where fraudulent applications have occurred, primarily around false income declarations of borrowers on loans for investment properties being purchased in Australia.

Some lenders are have also announced that these changes are supporting Australians to get into the property market. However, typically foreign non-residents are purchasing a different type of property than Australians, such as new high density inner city apartments in Melbourne Central Business District (CBD) or other major Australian city CBDs.

Non-resident home loans Australia

Are non-resident home loans in Australia still available? Yes, home loans for non-residents to buy property in Australia are still available from some lenders. Some lenders are now still lending to non-residents but at lower loan to value ratios (proportion of the property’s value being borrowed). Whilst other options are at slightly higher interest rates and fees.

Self employed non-resident home loans and salary based non resident home loan applications are still accepted.

Many of these changes also impact temporary residents in Australia looking to get a home loan.

Australian expat home loans

Are Australian expat home loans impacted? No, there are still many options for Australian expatriate home loan borrowers in the Australian mortgage market. Australian expats with foreign incomes and who are living overseas still have many options. If you are an Australian expat contact Oak Laurel to find a home loan that meets your needs.

Contact Oak Laurel Mortgage brokers about an Australian expat home loan.

Oak Laurel Mortgage Brokers – Loans made easy!

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The post RBA cash rate update May 2016 appeared first on Oak Laurel.

RBA cash rate update May 2016

RBA cash rate update May 2016. The Reserve Bank of Australia cut the cash rate by 0.25% to 1.75% today the 3 May 2016. The cut comes after the cash rate being stable at 2% since May 2015.

In the Statement by the Governor of the Reserve Bank of Australia, Glenn Stevens, on the Interest Rate Decision, he sites low levels of inflation as the the primary reasons for the cash rate cut.

Other reasons that the board had reportedly considered include:

• Slower growth in the Chinese economy
• Indications are that growth is continuing in 2016, though probably at a more moderate pace.
• Labour market indicators have been more mixed of late.
• Stabilisation of the housing market
• Prudent lending standards.

Though further reasons were considered they appear to be rather benign and appear not to be real drivers of the decision cut rates.

class="x-blockquote" >In reaching today’s decision, the Board took careful note of developments in the housing market, where indications are that the effects of supervisory measures are strengthening lending standards and that price pressures have tended to abate. At present, the potential risks of lower interest rates in this area are less than they were a year ago. Taking all these considerations into account, the Board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting. Glenn Stevens, Governor of the Reserve Bank of Australia

Which banks have passed on the interest rate cut?

The National Australia Bank, Westpac, Commonwealth Bank and Bank of Queensland have announced that they would pass on the full interest rate cut to their home loan customers. However, ANZ has announced that it would only cut its home loan rate by 0.19%. Other banks and lenders are yet to make any announcement on if they will pass on the cut and by how much.

Commentary

Curious timing for rate cut given that the decision was made on the same day that Federal budget is due to be handed down and just before an election is due to be announced. The Research Bank of Australia board could have taken a wait-and-see approach with inflation and economic factors as they have done for the past year but decided to cut the cash rate anyway. Not that I am opposed to the cut but perhaps it could have been made earlier.

The Australian dollar tumbled by about 1% after the announcement, probably one of the RBA’s intended impacts of the cut.

By Dr Nigel Abery (Ph.D.)

Oak Laurel Finance Brokers – Finance made easy!

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The post Why Your Development Finance Was Rejected appeared first on Oak Laurel.

I regularly get contacted by desperate developers wanting to fund their project, frantic because they have committed their time, funds and or equity into a project only to find out that getting the funding is not easy.

Some of these developers are new to industry and it is rather expected that they may have trouble or perhaps have not yet learned the right way to approach funding a project. However, some are experienced developers that have been caught in the changing funding environment.

Below are some of the reasons why they run into trouble:

Bank appetite for funding developments has reduced

Banks have traditionally been the major source of property development funding. However, the appetite of the major banks is waning. Banks are tightening their lending criteria and requiring higher amounts of equity (lower loan to value ratios), profit margin and a larger amount of pre-sales, up to 100 per cent of debt cover, especially for inexperienced and new to bank developers. Some areas are now effectively off limits for bank development finance due to concerns of oversupply.

Furthermore, the major banks may impose further conditions/restrictions on developers above and beyond their stated criteria in order to further mitigate their risk. This can mean extra time is taken whilst the bank assesses and re-assesses the risk or all of the different aspects and this can cause delays for the developer who just want to get on with their developments and making money.

The tightening of bank requirements is pushing more developers who are sick of trying to jump through a seemingly never ending series of hoops from the banks to non-bank or ‘private lenders.’ These lenders have a more flexible approach to funding developments and allow developers to have much lower equity contribution (and higher loan to value ratios), many do not require pre-sales and are generally much faster than the banks at approving and releasing funds.

On the flip side, when you are using a non-bank or private lender, you can expect a higher cost to go with the greater flexibility and risk to them. For many developers, the extra cost of using a private lenders is not significant compared to their profit margin and when their equity is freed up…

Continue reading this article where it was first published on Sourceable.net

by Nigel Abery, Director of Oak Laurel.

Oak Laurel Finance Brokers – Development finance made easy!

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