Hi all, I am trying to find the right SMSF loan provider for a friend. Fund info - Balance: $500,000 Annual Contributions: $2,000 (our main source of issue in obtaining finance), and limited ability to make any further contributions. Member Age: 50 Investment Property: Anywhere between $250k older unit and $450k newer standalone property. LVR: Open to suggestion to make a deal work. Although the fund actually has enough money to buy a property outright, the members would like to borrow through an LRBA if possible, to allow them to keep the residual balance invested, liquid and diversified. The lenders I’ve tried to speak with so far (I’m not a finance broker but work in a related field); - St George - Just generally were very hard to deal with. BDM didn’t seem knowledgeable and didn’t return calls. - Westpac - Said they would be happy to look at the deal, but only if all other banking came over to Westpac, e.g. personal Home Loans, Bank accounts etc. - AMP - I have heard that they are quite tough in their assessment of SMSF loans. If anyone has any experience or suggestions, that would be much appreciated. I appreciate there may be people commenting that if the members cannot contribute more to the fund, they shouldn’t be borrowing. The way I look at this is that, particularly at a lower purchase price and LVR, they will still have circa $250k cash and investments in their fund, which are liquid and will earn income to top up what I have calculated to be a relatively minor shortfall in cashflow, if any shortfall. I appreciate that banks shade the rental income for servicing, and increase the interest rates. So at this stage I’m beginng to think that either; a) SMSF lending really is much harder to be obtain these days, or b) it’s hard to find anyone (i.e. bank BDM / broker) who really understands the options here and can provide what I would have thought would be a reasonably easy solution (Given the fund could buy the property today with cash!). Thanks in advance!