Private Banking
Increase managed portfolio
HNW retiree · large SMSF portfolio
Increase managed portfolio
Long term client, HNW retiree, large SMSF investment portfolio.
$8.2MRefinance + equity release
- Referrer
Private Wealth manager.
- Deal size
- $6.2m refinance + $2m equity release for further investment.
- Residential Loan via Private Bank
- Challenge
- Asset rich, cashflow insufficient to cover debt repayments.
- Longer term of loan and client over 70.
- Strategy
- Servicing based on proposed increased SMSF drawings in line with an amortisation schedule.
- Notional yield applied on liquid assets to improve income position.
- Exit strategy aligns with asset portfolio to provide longer loan term.
- 10 years interest only term to match strategy.
How it came together
Our relationship with key decision makers within the Private Bank allowed us to workshop directly with credit and secure a “soft” approval before formalising the application.
We provided a curated lending proposal in line with the advisor’s strategy and worked as a deal team.
Client details are withheld by agreement. Figures are from the engagement.
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