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Property Source Finance

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All you financial needs, from one source!

Shop 5, 2nd Level, On the Mall, 160 Crown Street

Wollongong, NSW 2500

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Property Source Finance are a firm of finance brokers that specialises in arranging debt facilities for mums and dads, sophisticated borrowers, small to medium sized enterprises (SMEs) and corporations. Our primary focus is structuring, advising on and arranging loans for residential property, commercial property, property development and business, principally in the $0.5M to $50M range.

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    Property Source Finance

    Property Source Finance are a firm of finance brokers that specialises in arranging debt facilities for mums and dads, sophisticated borrowers, small to medium sized enterprises (SMEs) and corporations. Our primary focus is structuring, advising on and arranging loans for residential property, commercial property, property development and business, principally in the $0.5M to $50M range.

    At Property Source Finance we liaise with our clients to plan, analyse and develop the best loan structure, and to ensure their financing experience is stress-free and, more importantly, exceeds their expectations.

    Why use Property Source Finance? Our Differentiation

    Our points of differentiation are;

    We have a vast panel of approx 120 different lenders. You are dealing with experienced Finance Professionals You are dealing with experienced Finance Professionals We offer a number of different services to our clients And last but not least is that we pride ourselves on our relationships with our customers. We work for our Clients not the Lenders and always have your best interest at heart. Professional Offices with boardroom facilities. We are here “Long Term” As part of the ongoing relationship with our clients, Property Source Finance becomes more than just a brokerage firm. In fact, we become their financing experts from whom they seek guidance on an ongoing basis, and are considered as one of their professional providers alongside their solicitor, accountant and planner.

    Referral Partners Program

    We have a Referral Partners program. As opposed to other Finance/Mortgage Brokers who only reward their Real Estate, Solicitors, Accountants we reward all our clients and anyone in general that refer a client that we subsequently write business.

    To find out more of our program and how you can earn extra dollars please contact us on 02 4203 2100 or email john@propertysourcefinance.com.au

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    Warren Wade

    Warren has worked in the finance/Financial Services industry for approx 25 years. Warren is an expert in all resi, smaller commercial, reverse mortgages, Low-doc and non conforming markets. Warren can be contacted on 0242 032100 Mob 0400 755334 or warren@propertysourcefinance.com.au

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    Pamela Tarrant

    Pamela is Property Source Finance Business Manager. Pamela is the Loans Administration officer and Personal Loans Consultant. Prior to Property Source Finance Pamela worked in a major car yard in a finance/insurance role. Pamela can be contacted on 0242 032100 Mob 0400 755088 or pamela@propertysourcefinance.com.au

  • John_small

    John Carrasco

    John Carrasco is the principal of the firm John Carrasco Financial Services Pty Ltd T/as Property Source Finance. John started the firm in Dec 2006. Firm has grown quickly since this time. John has had a variety of senior lending roles with a number of major banks for the last 29 years. John is an expert in all forms of finance especially large scale property developments. John has astute negotiation and relationship skills and is a fully qualified Financial Planner. John holds qualifications is Accounting, Business, Management and Financial Planning. John can be contacted on 0242 032100 , Mobile 0448 755034 and/or john@propertysourcefinance.com.au

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    Standard Variable Rate Home Loan

    As the name implies, it is a product where the interest rate rises and falls in accordance with market rises and falls. Standard features of the product may include the following: a choice of loan terms up to a maximum of 30 years with a majority of lendersthe ability to make additional lump sum paymentsa redraw facilitya choice of repayment options100% offset facilityNumerous lenders to choose from Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Fixed Rate Home Loan

    A fixed rate home loan will remain the same in terms of interest rate during the life of the loan to provide protection against rate fluctuations. Fixed rate period varies between 1 to 10 years. Never before is fixed rate home loan so popular. Fixed rate home loan allows to you manage you financial more effectively. At the end of the fixed rate period, the loan is automatically revert to the standard variable rate but you can request to re-fix the loan again.

    Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Line of Credit

    Line of Credit is for you, who like to use your property as a security to enable you to access funds at any time just like using a credit card secured by your property. These loans are usually interest only loans and are sometimes called ever green, as they can be repaid and redrawn at any time.

  • Professional packages

    Normally these packages offer reduced interest rates and reduced or even waived fees to borrowers as an incentive from the lenders to attract customers. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Low-doc loans

    This type of products enable borrowers to obtain loans with only limited income verification. These products are developed recognising the plight of self employed applicants who are unable to provide documents regarding their incomes. By using low-doc loans, the borrowers are able to obtain loans by signing a declaration stating their sufficient capacity to make repayments. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Non-conforming loans

    This is the type of loans that are provided outside the normal lending policies of the lenders. Borrowers using this type of loans are typically people who may have credit impairments or do not meet conventional requirements. Non-conforming lenders usually charge a premium to subsidy the additional risk they undertake. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Debt Consolidation

    When you get into financial difficulty, just knowing where to go for help can be a problem in itself. At Property Source Finance, we have helped people with debt problems. And we never judge people by their circumstances. We still help you no matter how bad your situation is. Debt Consolidation is one of the most effective tools for planning your financial life ahead. You can lower your monthly payments and actually see your debts dissolving every month by consolidating your debts into one. Debt does not have to be a permanent part of your life. You should not have to worry about losing your house, your car, or your important personal belongings. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Reverse Mortgages

    Are you postponing an operation because you can’t afford private medical treatment?Is the government benefit not sufficient for your living?Do you want to modify your house to suite your needs in later age?Do you want to go on a world tour? If you answer yes to any of the above questions and you own your own house we can help you. Property Source Finance can help senior citizens with your needs no matter what your circumstances are. Reverse Mortgages help you to borrow against your property using equity in that property. There are no repayments required until your circumstances change, for example if you were to sell the property. The major benefit of a reverse mortgage is that you will not owe more than the value of the property. Who is eligible to borrow? People who are 60 years and over (age requirements vary from lender to lender);People who own thier home or are in the process of paying it off. Features and benefits: You can choose between a fix and variable loan rate;Fixed periods starts from 1,2,3,4,5 or 10 years;Minimum loan amount is $10,000.00;Portability is available;Upfront application fees may apply. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Construction Finance and Purchase & Construction finance

    Property Source Finance has a strong construction finance team behind, who are creative, knowledgeable, and efficient. We have good relationship with both bank and non-bank lenders. Where necessary our legal and finance advisors are able to construct the deals in a way that the applicants are able to borrow through a new legal or capital structure, which enables the fulfillment of funding requirements which would otherwise be unachievable. We have the capacity to arrange for: Construction financing together with land settlement secured by first and/or second mortgages;Pre-sales facility ( to help you achieve pre-sales targets as a value adding service);Short-term and long term mezzanine financing; DOCUMENTS REQUIRED INCLUDING: Property information Valuation Report provided by a Panel Valuer Certificate of Title for all security properties.Land Rates Notices for all security properties.Purchase Contract DA approval Construction Funding Building Permit.Building Contract.Building Costings & Specifications.Builder’s Practitioner’s Certificate.Working Plans & Head Work (if available).Pre-sale contracts if availableCV for builder.CV for developer.Local market/rental appraisal(if applicable)Survey Plan (if available) OUR FEES Mandate Fee The mandate fee is charged by Property Source Finance for the service rendered. It is usually a percentage of the loan amount. We quote differently depending on the volume of the work involved. We are flexible in payment terms. We are happy to work around your cash flow constraints and accept installments. Lender’s Fees 1. Valuation Fee Valuation is usually ordered from the lenders’ panel valuers and thus the fees vary. 2. Establishment Fee Establishment fee is usually charged by the lenders as either a fixed fee or a percentage of the loan amount and is usually payable upon signing the binding letter of offer. 3. Legal Fees Legal fees are payable by the borrower in most cases. An estimate of the fees will be given (where possible). In some cases, a small portion is payable upfront by the applicant and the rest can be taken out from the funds upon settlement. 4. Mortgage Insurance (where applicable) In some circumstances, the insurance is paid prior to settle while in others it is taken out from the loan proceeds upon settlement. 5. Mandate Fee The mandate fee is charged by Property Source Finance for the service rendered. It is usually a percentage of the loan amount. We quote differently depending on the volume of the work involved. We are flexible in payment terms. We are happy to work around your cash flow constraints and accept installments. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100..

  • Overdraft

    Come and go facility to assist with working capital for your business. There is a limit (Finance amount) that is approved. Generally secured by bricks and mortar and/or business assets for stronger applicants.
    Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Cashflow Finance

    Do you have a large debtor book? If yes, you are able to obtain working capital against it. Cash flow finance is a type of loan whereby a company raises funds against all or some of its outstanding invoices. The financier buys either all or some of the receivables and pays the business upfront at a discount. In most cases, the company can obtain 70-90% of the total amount of the invoices from the financier. The balance is paid to the business when the debts have been paid, minus a fee for the service. There are two types of cash flow finance: full-service (also known as factoring) and co-operation service (invoice discounting). In factoring, the credit management and collection service is done by the financier i.e. the sales ledger administration C including administration, confirmation, collection, regular reports, and monthly ageing reports C is completely outsourced. With invoice discounting, the credit management service is provided but the business still plays an active role in invoice collections. Most factoring firms also offer confidential services, meaning that the debtors of the business will never know that their outstanding transactions are being used by the business to obtain cash advances. Factoring is designed for companies who operate on a business-to-business (B2B) model. It is useful for companies with strong growth but limited funds and lending avenues, exporters looking to sell products on open account terms, and start-up businesses needing to pump cash back to build inventory, but have difficulty obtaining overdraft or working capital facilities due to a lack of trading history. Particular industries that usually benefit from factoring are service, manufacturing, and wholesale businesses. However, factoring is unsuitable for businesses that mainly sell on cash terms to the general public, businesses with complex products or terms of sale such as trial and return clauses, construction businesses where customers are invoiced in stages, any business with complex supplier/customer relationship, and businesses without a good handle on cash flow management and cost budgeting. The fees associated with factoring are: Funding cost = a discount fee, equivalent to interest. Calculated daily on the actual amount of funds drawn (similar to overdraft finance). Administration/management fee = calculated against the value of invoices submitted for funding. Usually in the range of 0.5-2.75%, depending on the size and type of transaction. To cover the costs of running debtor administration tasks. Advantages of factoring: Immediate cash flow (compared with waiting 60 days or more for the debtors to pay the invoices) C can use the constant flow of cash to capitalise on growth opportunities as they arise and therefore provides a smoother path for growth. No cash can kill the business quickly. Reduction in debt administration overheads. Increased sales. Supplier discounts / increased purchasing power. Increased profits. Bigger orders by offering affordable credit terms. Better meet seasonal peaks in turnover. Management can concentrate on growing the business. Level of cash automatically grows with the business’ invoice ledger. Business assets are used to fund the business’ growth, which releases assets such as the family home. Can be used to fund a management buy in/out, using sales to provide cash a useful for succession planning. No security required over personal assets. No need for a strong balance sheet or substantial net worth. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Inventory

    Do you have a large inventory sitting on your books? Are you looking for additional funding to grow your business so that you are able to take more orders and turn the inventory over more quickly? Do you want to reduce your cost of holding inventory? Using inventory finance you will be able to achieve all these.

    The process is easy and benefits are manifolds.

    * Borrow up to 90% of the value of your inventory based on supplier’s invoices * No real estate security required * evergreen line of credit facility * full repayment including any charges due is made at the end of your nominated term and repay when the inventory is sold

    Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Equipment & Leasing Finance

    Leasing is the most commonly used by small to medium sized businesses or self employed individuals. Assets that can be financed include motor cars, commercial vehicles, manufacturing equipment, office equipment, and other income producing plant and equipment. There are some limitations when the plant and equipment in question falls in the categories of specialized equipment, furniture, fixtures, and fittings, which need to be examined in more details. Who are eligible? Applicants can be individual, sole trader, partnership, or companies. Usually the lenders require the applicant to be in business for at least 1 or 2 years. The applicant or directors/guarantors in some cases should have tangible asset backing. If tangible asset backing is not available, a deposit and an equity portion will be required. Good credit history is a must. However, in some cases small paid defaults will be acceptable. Types of leasing Finance Lease The asset is owned by the lessor. The interest rate and rentals are fixed for the life of the contract. The client claims rental as tax deduction. A residual value must be set within ATO guidelines depending on the effective life of goods. The client must indemnify the lessor for the residual value amount.Commercial Hire Purchase The financier is the owner of the equipment while the applicant will be renting under the loan contract. Upon receipt of the final payment, the ownership of the equipment will be transferred to the applicant. The applicant can claim depreciation on the equipment and the interest paid as expense and therefore gets the benefit of tax deduction.Novated Lease Novated lease is arranged between the financier and an individual employee. The employer pays lease rentals out of pretax salary package on behalf of the employee. This reduces the employee’s cash salary. Consequently their income tax liability is reduced. One benefit of a novated lease is that they may find they end up with more after tax dollars after accounting for the vehicle expense. For the employer, it is not reflected on their balance sheet and it triggers no vehicle disposal issues if employee leaves.Chattel Mortgage It is very similar to Commercial Hire Purchase. The key differences exist in the legal ownership of the asset. Under Chattel mortgage, the applicant is the legal owner and the financier is simply taking a charge over the asset. This difference allows the taxpayers on the cash method to obtain a full input tax credit for any GST paid relating to the purchase of the assets. Customers should obtain independent taxation and accounting advice to make sure that they choose the right option to finance their equipment and to confirm that the stated benefits are available to them given their particular position in relation to accounting and taxation matters Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Franchise Finance

    The business of franchising has been revolutionizing retailing in Australia for many years. Franchising can provide people in the market to purchase a business, with an easier and more cost-effective way to enter a given industry. There are many benefits of purchasing a franchise and these include access to developed products and/or services, the provision of an established and proven business system, training and continual business support and advice and group/collective advertising methods C all of which will amount to a lower business ownership entry risk to the purchaser. Obtaining a franchise business can be a difficult process and the initial capital outlay required is often significant. A bank will usually allow you to borrow up to 50-70 of the purchase price of an existing franchise (with a track record), and up to 50% for a new franchise business. However, if you intend to purchase a franchise, but do not have the required funding, Property Source Finance can assist with tailoring a structure and solution for you. The benefits of franchise financing include: Loan assessments can be made more efficiently by valuing the past performance of a particular franchise system.The ability for a potential franchisee to borrow up to 70% of the purchase price.Less focus on the potential franchisee’s personal assets when obtaining finance. (However if residential or commercial security is available, the application will be stronger and the financing will have a greater chance of success).An ever-increasing amount of loan products are now available in the market that is specially tailored for the purchase of franchises. The documents that are generally required to facilitate a franchise loan include: A business planCash flow projectionsFinancials ( normally for two years)Tax returnsApplication forms Franchised businesses have unique requirements. We are focused on providing individually tailored financial solutions to help you manage your business more effectively. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Commercial Property

    Finance for commercial property is available for both owner-occupied and investment purposes. Property Source Finance brings value to high net worth individuals, SMEs or companies looking for finance. Our combination of experience and expertise enables our clients’ loan facilities to be correctly structured according to income, valuation, third party leases, directors’ net assets and type of property. We have experience with financing: Commercial offices; Factories and industrial buildings; Retail shops and shopping centres; Warehouses; Residential and industrial property developments; Hotels/Motels and Strata units Our experience in the property finance market, and knowledge of lenders’ terms and conditions, means we can provide our clients with an early indication of their capacity to purchase a property, or refinance an existing loan. By contacting our office early in the process, we can offer an indicative recommendation on the viability of any potential transaction. If appropriate, we will then prepare and submit a loan tender proposal for consideration by those lenders that have expressed an interest in the transaction. This practice ensures our clients obtain the most competitive pricing from the market, and an overall commercial structure that will present the best outcome. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Property Development

    Property Source Finance is respected in the facilitation of property development and construction projects.

    Structuring development and construction finance is a complex task and any successful outcome is reliant on many aspects of a project, including its size, location, construction costs, available equity, acceptable levels of pre-sales and project management experience.

    Property Source Finance maintains a strong network of property developers, builders, senior lenders, mezzanine lenders and private investors. Using our knowledge and this network, we are able to generate a detailed project analysis based on the information provided by our clients. This project feasibility takes into account all the variables and allows for variations in construction costs, interest rates, GRVs and contingencies. Importantly, the project feasibility also evaluates financial outcomes including developers’ returns, IRR, and project returns.

    Our expertise, independence and collective experience ensures our developer clients achieve greater cost benefits and profits.
    Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Corporate Finance

    Property Source Finance works with medium to large SMEs and ‘small cap’ companies in the formation, structuring and implementation of financing strategies.

    When dealing with non-property related transactions, Property Source Finance arranges a wide range of corporate funding needs, particularly in more innovative and complex transactions, such as non-recourse finance and off balance sheet funding techniques.

    Property Source Finance has a holistic approach to corporate financing. We assess proposals where loans are dependent on the dynamics of the industry, the company and the veracity of the cash flow.

    We can assist companies with various types of requirements including:

    * project finance; * capital raising; * acquisition finance; * leverage buy-outs; * management buy-outs; * cash-flow forecasting; * financial modeling.

    Our primary focus is on arranging debt, both senior and mezzanine, to sound businesses that have track records of strong cash flows, comparatively low market and business risks, and experienced, committed management. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Capital raising

    Property Source Finance has a great deal of experience in undertaking capital raising projects. We understand that capital is the critical life blood of a business. Smart capital sourcing and management methods can attribute to smooth traveling of your business through its life cycle. Life Cycle of a business All businesses have a ‘life cycle’ that involves many stages of growth and development. Venture capitalists define and refer to these stages when making investment decisions.  We will let you know your borrowing power and the type of loans that best suit your particular circumstance. Please refer to our LENDING section for further details. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • General Insurance

    Property Source Finance can assist with all forms of General Insurance through our alliance with Austbrokers. For further details please click on to www.austbrokers.com.au Austbroker members provide a full range of General Insurance, Life Insurance and Investment Products for the Corporate sector, Retail, Industrial, Commercial and Domestic markets Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

  • Life Insurance

    Property Source Finance can ensure that repayments of your loan continue in case of a major personal illness, disability and/or death occurring thus ensuring that your assets and family are covered. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100

  • Direct Property Australia Wide

    Property Source Finance through an alliance with Property Source NSW can offer properties to purchase Australia Wide at market value with at times discounts. Property Source NSW believe in creating wealth through property this is why we are always on the lookout for great investments with infrastructure, outstanding design, high deprecations great capital growth, Property Source NSW source for only the best Australia has to offer in doing so we have clients coming back year after year with confidence not only in our research but in the Australian market. Please click on the Property Tab for a full list of projects/units and home and land packages for sale or go to www.propertysourcensw.com.au for further details. Property Source Finance consultants are available at any time for a consultation, so please feel free to call us on 0242 032100.

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