Always thinking, ahead of the curve
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For Thinktank, staying ahead of the curve means a commitment to providing innovative, practical financial solutions
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AS AUSTRALIA'S financial landscape experiences ongoing rapid transformation, mortgage brokers are pivotal players in shaping the future of financial services. With an increasing number of Australians relying on brokers for comprehensive solutions, the demand for diversification of brokers’ service offerings has never been more critical. This shift isn’t just about staying competitive; it’s about capitalising on new opportunities, growing revenue streams and deepening client relationships through integrated financial solutions.
Many brokers have moved beyond traditional residential loans, incorporating commercial, SMSF and specialised lending into their activities and expanding portfolios. This trend is set to grow, especially as advancements in technology make it easier for brokers to expand their services seamlessly.
For Thinktank, staying ahead of this curve means a commitment to providing innovative, practical financial solutions. By listening closely to broker feedback and adapting swiftly to market changes, lenders can better meet the diverse needs of both brokers and their clients. In an ever-evolving economic environment, flexibility is key.
Thinktank was launched in 2006 by a group of highly experienced professionals with extensive backgrounds in property finance, business lending, consumer finance and third party distribution.
Established in response to the increasing demand for straightforward, set-and-forget commercial lending solutions, our product suite was extended to include SMSF lending in 2013 and residential loan options in 2018.
Today, Thinktank stands as one of Australia’s leading non-bank property lending specialists.
BELINDA WRIGHT, THINKTANK
While the market is becoming more complex, the underlying demand for simple and straightforward lending solutions remains constant. Brokers are actively seeking common-sense approaches that aren’t significantly dependent on credit-scoring systems or constrained by often arbitrary credit policies. This allows for a more holistic evaluation of borrowers and properly considering unique circumstances to not only deliver an approval but a strong financial solution that actually suits the circumstances at hand.
Ultimately, the future of financial services in Australia hinges on innovation, collaboration and flexibility. Lenders that are proactive in offering diverse, adaptable solutions will be well positioned to partner with and support brokers as they navigate a rapidly changing marketplace.
Belinda Wright, Thinktank
Commercial Max with a maximum loan amount of $8 million
Commercial Lease Doc allowing borrowers to provide an executed lease to evidence their capacity to service a commercial loan of up to $2 million with up to 70% LVR
Residential Easy Refinance with like-for-like and dollar-to-dollar refinance
GST Loan to finance GST on property purchases – it can be added to any commercial or SMSF loan
Increased residential and SMSF residential loan amounts to an impressive $5 million
Increased LVRs across residential and commercial offerings
SMSF Mid Doc providing the option for alternative income verification
Thinktank’s two new private lending products, the Private Loan and the Residual Stock Loan, are designed to provide brokers with the flexibility to support their clients’ varying business needs. Key features of the products include flexible terms from three months up to three years, a loan limit of $7 million and flexible servicing parameters, including no minimum interest coverage ratio (ICR) requirement, no lenders mortgage insurance (LMI) and no title insurance.
Unlike traditional private loans, Thinktank’s interest rates are very competitive and incorporate a trail commission for the introducing broker. Generally, the set-up cost to customers is significantly reduced, with longer loan terms available, supported by a policy of no early repayment fees or clawbacks.
The new products and policy enhancements reinforce Thinktank’s ongoing commitment to pushing boundaries that offer value to the third party channel.
“At Thinktank we work exclusively with mortgage brokers, so we’re committed to continuing to innovate with new products and offerings to help them deliver the best journey and outcomes for their clients,” says Belinda Wright, head of partnerships and distribution.
“Many brokers want to be able to offer a range of solutions to their clients, as this typically leads to stronger and deeper relationships, new advocates and extendable new revenue streams.”
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“We take pride in listening to broker feedback and providing straightforward solutions to the requests and suggestions we receive. This approach has driven numerous recent changes to our product offerings”
“At Thinktank we work exclusively with mortgage brokers, so we’re committed to continuing to innovate with new products and offerings to help them deliver the best journey and outcomes for their clients”
For Thinktank, staying ahead of the curve means a commitment to providing innovative, practical financial solutions
A year of product innovation for dynamic needs
Flexibility to support your clients’ varying needs
Published 11 Nov 2024
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Copyright © 2024 KM Business Information Australia Pty Ltd
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E-newsletter
Contact Us
Contact Us
Australian Broker Talk
Events
White papers
Webinar
Australian Broker Talk
Resources
TV
Sector Focus
Power Panel
Independent Feature
Executive Team Profile
Exclusive Leader Profile
Business Update
Business Focus
Big Deal
Premium Content
Technology
Reverse Mortgages
Investment Loans
Specialist Lending
SME
Commercial
Specialty
Best In Mortgage
News
News
Copyright © 2024 KM Business Information Australia Pty Ltd
RSS
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About us
Conditions of Use
Privacy policy
Terms & conditions
People
Firms
For Thinktank, staying ahead of the curve means a commitment to providing innovative, practical financial solutions
Advertising
Authors
E-newsletter
Contact Us
Contact Us
Australian Broker Talk
Events
White papers
Webinar
Australian Broker Talk
Resources
TV
Sector Focus
Power Panel
Independent Feature
Executive Team Profile
Exclusive Leader Profile
Business Update
Business Focus
Big Deal
Premium Content
Technology
Reverse Mortgages
Investment Loans
Specialist Lending
SME
Commercial
Specialty
Best In Mortgage
News
News
Copyright © 2024 KM Business Information Australia Pty Ltd
RSS
Sitemap
About us
Conditions of Use
Privacy policy
Terms & conditions
People
Firms
Private Loan
Commercial security property in Austral, NSW
$5,060,000
55% LVR / 3 years IO
“We take pride in listening to broker feedback and providing straightforward solutions to the requests and suggestions we receive. This approach has driven numerous recent changes to our product offerings, and we remain dedicated to adapting to the evolving market to meet the diverse needs of brokers and borrowers,” says Wright.
Often what brokers are looking for to help them achieve this is a true partnership – a collaboration with knowledgeable and highly experienced Relationship Managers who can help them evaluate the potential for success of any given lending scenario when needed and then convert it into a settlement with full upfront and trail commissions.
Thinktank’s team of dedicated commercial and residential Relationship Managers are available to support brokers and their clients at every step, from initial workshop through to settlement.
For further information on these new products or to discuss specific scenarios, please reach out to a member of the Thinktank team. They are ready to help brokers and their clients navigate and capitalise on these exciting new financial solutions.
IN Partnership with
Thinktank was launched in 2006 in response to the increasing demand for straightforward, set-and-forget commercial lending solutions. Its product suite was extended to include SMSF lending in 2013 and residential loan options in 2018 – and, continuing its tradition of innovation and diversification, Thinktank launched private lending products in 2024.
Over the past year, Thinktank has consistently listened to broker feedback to deliver a raft of product and policy enhancements, including:
Private Loan: Offers two servicing and income verification options; can be secured against residential, commercial or specialised properties. Suitable for business or property investment, business equipment purchase, working capital, line of credit, or refinance and debt consolidation
Residual Stock Loan: Also offers two servicing and income verification options tailored for property developers wishing to borrow against a recently completed development of five to 35 units with less than 50% retained by the developer
Business partners sought a short-term loan to assist with the purchase of 1.2 hectares of residential land in Australia
A DA had been granted for the house to be demolished and subdivided into 31 lots
In the next two years, the borrowers plan on taking out a construction loan to repay the existing Private Loan with no early repayment fees
$6,000,000
32% LVR / 5 years IO
20-year loan term
Greenacre,
NSW
Commercial investors from Sydney were seeking to refinance an existing director’s loan
The borrowers are both over 65 and self-employed; they required greater flexibility than the majors could provide
We were able to assist with a refinance and an equity release, enabling the borrowers to repay a director’s loan and free up funds for renovation purposes
Commercial Max – Mid Doc
Responding to feedback – a key part of the process
Find out more
“We take pride in listening to broker feedback and providing straightforward solutions to the requests and suggestions we receive. This approach has driven numerous recent changes to our product offerings”
BELINDA WRIGHT, THINKTANK
$5,060,000
55% LVR / 3 years IO
Commercial security property in Austral, NSW
Private Loan
Thinktank was launched in 2006 by a group of highly experienced professionals with extensive backgrounds in property finance, business lending, consumer finance and third party distribution.
Established in response to the increasing demand for straightforward, set-and-forget commercial lending solutions, our product suite was extended to include SMSF lending in 2013 and residential loan options in 2018.
Today, Thinktank stands as one of Australia’s leading non-bank property lending specialists.