Launch Finance has access to a lender that has a specialist real estate and strata relationship division. This allows them to focus on a portfolio of real estate and strata management clients only, looking after all your business (and personal) needs.
As industry specialists, they not only understand the challenges that you face on a day to day basis but can also work with you to boost your productivity and profitability.
Real estate and strata solutions:
Rent roll/strata roll funding
- Purpose: Business purchase, refinance existing debts, working capital, buying out shareholders/ business premises etc
- LVR: 60% against rent roll value
- Term: 10 years
- Repayment structure: Principal & Interest/ Interest Only
- Interest rates: From 4.75% pa
- Security: GSA over operating business along with director guarantees
- Our benchmarks:
- Number of properties under management: > 200
- Interest coverage: 2.50x
- Gearing (total business liabilities / total business assets) < 70%
- (Net advertising, salaries and rent) / Net revenue < 55%
- Net profit margin > 17.5%
- Receivables and payables cash flow solutions
Working closely with a transactional banking specialist, we can create efficiencies in your business with our highly competitive & tailored transactional banking solution, saving you both time and money.
- Receivables: Payway (simple secure internet-based solution)
- Help you better manage your cash flows by fast tracking your rental collections
- Reconcile payments directly into your property management software system
- As combination of payment modules can be selected to suit business needs
- Receive payments via BPAY/ credit card online, phone, virtual terminal, batch payments/ recurring payments/ Australia post through tenant cards
- Payway Match: Good BPAY alternative (same reconciliation capability, 1/5th cost)
- Tenants pay via “Pay Anyone” payment into a unique online BSB & A/c instead of CRN: You know exactly know who’s paid you
- Greatly assists with reducing banking fees & charges
- Payables: Bulk BPAY and EFT solutions for paying creditors, payroll and utilities
- Implementation specialists who work like transition managers
- Training and post implementation support provided
If you are looking to refinance your existing business debts or simply wish to review your current portfolio, speak to your broker today.