 |
|
|
|
|
|
 |
|
 |
|
|
|
|
|
|
|
 |
|
||
|
|
|
|
|
Welcome to the first edition of Complexity — Teamwork’s brand-new e-newsletter that’s designed to illustrate exactly how the choice of loan, its structure, and even the lender that it was placed with, can have a dramatic effect on the success of any business or personal investment strategy. It can be the difference between securing finance and being rejected. It can be the difference between having to offer a house as security and obtaining a loan without it. And it can be the difference in paying the absolute minimum back to the bank and being slugged thousands of dollars a year in unnecessary fees and interest payments. Over coming issues, we’ll present a number of case studies of real clients. We’ll reveal to you the problems they had in obtaining finance at a realistic price, and how a deep understanding the nuances of bank policy — and the many hundreds of loan products on the market — can dramatically smooth the path to getting a loan. If you have an interesting story to share, or a particular tricky finance problem you’d like us to solve, we’d love to hear from you. Respond to this email or drop us a line on 07 5532 1066. Until next time … good reading! Kind regards P.S. We have sent you this newsletter because you have employed our services in the past, met with one of our team, or referred clients to us. If you would like to unsubscribe to Complexity simply click on the unsubscribe link below.
When Gavin and Helen Hansen, decided to expand their motor sport custom fabrication business, they needed to buy a block of commercially zoned land. But they also wanted to build a new residence on it so they could be close to their new factory. They tracked down the perfect setup at Ipswich — en-route to the Willowbank raceway, where Gavin not only raced, but also was involved as Chief Steward with ANDRA, the Australian National Drag Racing Association. They were unsure if their current bank would be able to assist them with a commercial-style loan, so they decided to discuss their options with their accountant.
What they discovered was that they did not have very much time to organise their finance and meet the terms of their contract. The accountant suggested the pair contact Teamwork to help them develop a strategy that would allow them to purchase the commercial property and finance their plans for the business. Teamwork restructured their existing home loan, increasing it so they had the funds to purchase the new property. Using this finance Gavin and Helen were able to purchase the new property outright, leaving them with an unencumbered commercial property and an extra $50,000 to commence plans and construction of the new house and factory.
Teamwork are currently working with Gavin, Helen and their accountant to establish a cashflow forecast, based on the more efficient and profitable business. These projections will support an application to a commercial lender to fund the construction of the factory and residence. Gavin and Helen’s current home will then be turned into an investment rental property — providing a further source of income. As a result of this restructuring, Gavin and Helen will have a more productive and profitable business, own a residential property and a commercial asset — both growing in value for the future.
|
