Loan Purpose |
Purchase commercial property with SMSF; Refinance of an existing commercial SMSF loan |
|---|---|
Suitable Borrowers: |
Corporate Trustees or Individual Trustee (minimum 2 members for Individual Trusts) |
Min Loan Amount |
$50,000 |
Max Loan Amount |
$3,000,000 |
Max LVR |
Up to 80% |
Acceptable Securities |
Category 1 and Category 2 Postcodes |
Max SMSF Members |
Up to 6 members |
Repayment Options |
Principal and Interest | Interest only up to 5 years followed by Principal and Interest |
Max Loan Term |
30 years |
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Commercial SMSF Documents Checklist
Brighten Super Star®
Commercial SMSFExisting Contribution PAYG and Self-employed
Confirmation of 2 year contribution via:
- Most recent 2 year SMSF Financials; OR
- Most recent 2 year Retail/Industry Fund Super Statement (if new SMSF)
PAYG: most recent 2 payslips
Self-employed: None
Additional Contribution – PAYG
Most recent 2 payslips, where contributions above the mandatory amount are needed for servicing (and historically contributions are not evident/sufficient)
Additional Contribution – Self-employed
Where contributions above the mandatory amount are needed for servicing (and historically contributions are not evident/sufficient) the following will be required:
Full Doc: 2 years financials (i.e. Statement of Financial Position / Performance), tax returns and ATO notice of assessment.
Alt Doc: One of the following:
- Accountant’s letter
- Most recent 6-month BAS
- Most recent 3-month business account statement
Credit History
Default paid up to $500 may be considered
FAQs
Can my SMSF purchase a property that my business operates from?
Yes, as long as the property is owned by the SMSF and leased to your business under a commercial, arm’s-length lease that meets ATO requirements.
What types of commercial properties can an SMSF buy?
SMSFs can generally invest in standard commercial assets such as offices, warehouses, or retail spaces, provided they comply with the fund’s investment strategy.
How is rental income treated within the SMSF?
Rental income received by the SMSF is treated as fund income and can be used to meet loan repayments, expenses, and future investments.
Who is a Commercial Alt Doc SMSF Loan designed for?
Suited to self-employed borrowers, who can demonstrate their SMSF’s ability to service a loan through alternative documentation, such as business activity or rental income, instead of full financials.
Are there limits on borrowing through my SMSF?
Yes. The loan amount and structure must align with your fund’s investment strategy and borrowing rules under a Limited Recourse Borrowing Arrangement (LRBA).
Are there restrictions on who the tenant can be?
Yes. The tenant must pay a market-rate rent, and all lease terms must be at arm’s length, even if the tenant is your own business.
What happens to the property when the loan is paid off?
Once repaid, the SMSF continues to hold the property as an investment asset. Income from rent or future sales remains within the fund and is taxed at concessional super rates.
Why Choose Brighten?
Superior Product Offering
Comprehensive and competitive Full Doc, Alt Doc, Construction, Bridging loans, available to Prime, Near Prime, Expat, Non-Resident and SMSF borrowers.
Fast turnaround times
Fast SLA supported by our experienced team and a proprietary cloud-based loan origination platform.
Diverse and Resilient Funding
Well-established warehouse-funding arrangements with multiple Top Tier Banks, three public RMBS programmes and multiple wholesale credit funds to provide further funding diversification.
Better Service Proposition
Our experienced team are available when you need them to help you navigate your home loan journey.
Trusted Partner
Award-winning non-bank lender with an extensive broker and aggregator network across Australia.
Environmental, Social, and Governance
Good governance, social responsibility and sustainability are key pillars of our culture.
*Interest rate may vary. The actual Interest rate will depend on our assessment criteria and your actual LVR.