#property loan Australia
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auspakhomeloan · 2 months ago
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Are you ready to start working in order to create generational wealth? And one of the best things about it is that property investment is one of the smartest options that you can take! Just think about having properties that increase in value and can give you periodic rental income for many years. For both the beginner and experienced investor, the potential for success in this situation lies in getting the right property investment loan. When you have the perfect financing arranged, you can sit and watch your equity build while earning income from it that can support your financial lifestyle.
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voxfin · 2 months ago
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tkfinancegroup · 2 months ago
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What Does a Mortgage Professional Do?
A mortgage professional is a licensed financial professional who gathers borrowers' financial documentation, compares rates and connects them with lenders. They can help with both residential and commercial mortgages.
Lenders typically require a debt-to-income ratio of 43% or less. However, professionspecific mortgage lenders understand that doctors in residency and attorneys early in their careers may have higher DTIs.
Qualifications
A mortgage professional assists clients with one of the most important investments in their lives. They have a wide range of responsibilities, including preparing loan documents and communicating with lenders, closing agents and real estate professionals. They also help clients choose the right type of loan and negotiate rates. They must be knowledgeable about the mortgage market and have excellent math skills.
Many mortgage brokers have a college degree or a high school diploma, which helps them understand complex data and deal with challenges. In addition, they should have strong reading comprehension and mathematical reasoning skills. The mortgage industry is constantly changing, so it is important to keep up with new regulations and trends. Mortgage professionals should also pursue mentorship opportunities and attend networking events to improve their knowledge of the industry. They should also obtain a license from the National Mortgage Licensing System and Registry (NMLS). This allows them to work in any state and helps ensure compliance with federal laws.
Fees
Mortgage professionals often develop relationships with lenders and have access to different loan programs that are not available to the general public. This means that they are able to help you find the right type of mortgage for your situation. They will also explain the various fees associated with mortgage lending and help you fill out paperwork. They will also communicate with the lender company, closing agent and real estate agent to make sure that all the details are taken care of.
Mortgage fees vary between lenders and brokers, and some are negotiable. Watch out for fees that are redundancies or excessive, and be aware of the ways in which a broker can be compensated for their services. For instance, some lenders may add mortgage broker fees into the loan origination fee. This can be misleading for borrowers. Also, be careful to look at the complete list of mortgage fees on the Loan Estimate and Closing Disclosure.
Loan types
The mortgage loan industry offers a variety of loans to suit different types of homebuyers. These include Conventional Mortgage Loans, FHA-Insured Loans, home loans and Government-Guaranteed Loans.
A professional can help borrowers determine which loan programs will work best for them. These professionals understand mortgage laws and lender guidelines, so they can save borrowers time and money by helping them choose the right loan program for their unique circumstances.
Besides conventional mortgages, there are also loan programs geared towards specific professions. For example, mortgage lenders offer mortgages for doctors, attorneys and other high-income professionals. These mortgages often have a lower down payment and do not require PMI payments.
Before choosing a mortgage broker, be sure to research the various options available. Look for reviews, social media pages and Better Business Bureau profiles. Also, ask for recommendations from friends and family. It is essential to find a broker who can get you the specific loan type you need.
Closing
You wouldn’t make a major financial investment without consulting with a stockbroker, so why would you shop for a home loan without talking to a mortgage professional? They are your resource for answering questions, structuring a financing solution that works best for your goals and closing on time.
During the closing process (also known as consummation), you and your mortgage professional will sign several documents related to the purchase of your home. These documents confirm your agreement to pay a specific sum of money and the terms of your mortgage. You may provide funds in the form of certified checks or wire transfers to fund your mortgage loan, and a closing agent will ensure that these funds are properly disbursed.
Mortgage professionals also prepare and review your Closing Disclosure, ensuring that all necessary fees are included in the final amount you sign for. They are also present during your final walkthrough to address any last-minute concerns you might have about the property.
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triplemfinance · 2 months ago
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Navigating Investment Property Loans in Australia with Triple M Finance
Investing in property is a powerful way to build wealth, and securing the right financing is a critical component of your investment strategy. If you're considering diving into the world of property investment, understanding how to leverage investment property loans Australia effectively can make a significant difference. At Triple M Finance, located in Round Corner, NSW 2158, we specialize in helping investors like you secure the best loan solutions tailored to your needs. Here’s how we can assist you in making the most of your property investment journey.
Why Investment Property Loans Matter
Investment property loans are designed specifically for the purpose of purchasing properties with the aim of generating rental income or capital growth. Here’s why getting the right loan is crucial:
1. Unlocking Investment Opportunities
A well-structured investment property loan allows you to leverage your existing assets to acquire new properties. This can expand your portfolio and increase your potential for returns without requiring a substantial upfront capital investment.
2. Optimizing Cash Flow
Investment loans come with various options for repayment structures, interest rates, and terms. Choosing the right loan can help you manage your cash flow more effectively, ensuring that your investment is financially viable.
3. Tax Benefits
Interest on investment property loans is often tax-deductible. By understanding and utilizing the tax benefits associated with these loans, you can improve the overall profitability of your investment.
How Triple M Finance Can Assist You
As one of the leading investment property companies in Australia, Triple M Finance offers a range of services to help you secure the best investment property loans:
1. Personalized Loan Strategies
We understand that every investor’s situation is unique. Our team works with you to develop a tailored loan strategy that aligns with your investment goals, risk tolerance, and financial situation. Whether you’re buying your first investment property or expanding your portfolio, we provide solutions that fit your needs.
2. Comprehensive Loan Analysis
Navigating the variety of loan products available can be overwhelming. Triple M Finance performs a thorough analysis of different loan options, including interest rates, loan terms, and repayment structures. We help you select the loan that offers the best terms and aligns with your investment strategy.
3. Expert Financial Guidance
Securing an investment property loan involves more than just choosing the right product. Our financial experts provide comprehensive guidance on budgeting, loan structuring, and managing repayments to ensure your investment remains profitable and sustainable.
4. Streamlined Application Process
Applying for an investment property loan can be complex and time-consuming. Triple M Finance simplifies the process, handling the paperwork and liaising with lenders on your behalf to ensure a smooth and efficient application process.
The Round Corner Advantage
Based in Round Corner, NSW 2158, Triple M Finance is well-positioned to offer expert advice on both local and national property markets. Our deep understanding of regional property dynamics allows us to provide tailored loan solutions that reflect the unique opportunities and challenges of the Australian real estate market.
Why Choose Triple M Finance?
Selecting the right investment property company is essential for navigating the complexities of property financing. Here’s why Triple M Finance stands out:
Expertise and Experience: Our team has extensive experience in property investment and finance, providing you with insights and solutions based on real-world knowledge.
Customized Service: We take the time to understand your specific needs and financial situation, offering personalized advice and loan solutions.
End-to-End Support: From loan application to approval and management, we offer comprehensive support throughout the entire process, ensuring a seamless experience.
Get Started with Your Investment Property Loan
Ready to explore your financing options and make your property investment goals a reality? Triple M Finance is here to help you every step of the way.
Contact us at 0422 331 130 to schedule a consultation and discover how we can assist you in securing the ideal investment property loan. Our team is committed to providing exceptional service and ensuring your investment journey is both profitable and successful.
Conclusion
Investment property loans are a crucial tool for building a successful property investment portfolio. With the expertise and support of Triple M Finance, you can navigate the loan process with confidence and secure financing that aligns with your investment objectives.
Take the first step toward achieving your property investment goals—reach out to us today and let us help you unlock the potential of your investments.
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tenth-sentence · 3 months ago
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Broadcom had brought bad news to the bank at one of the worst times in its history, when an uncomfortably high level of loans had turned sour and when it faced property problems around Australia and was suffering from an unusual degree of internal disharmony.
"Westpac: The Bank That Broke the Bank" - Edna Carew
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foxhomeloans · 4 months ago
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Commercial Property Loans - Benefits of Pre-Approval https://www.foxhomeloans.com.au/
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realloans · 4 months ago
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The Realloans' Commercial Property Loans, is the perfect solution for Australian businesses looking to acquire or develop commercial real estate. Our expert team offers competitive rates, flexible repayment options, and customized support to meet your specific needs. Whether you're expanding your current operations, investing in new property, or refinancing, Realloans ensures a smooth and successful financing experience. Trust Realloans to help you secure the commercial space your business needs to thrive. Get started with Realloans' Commercial Property Loans today!
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raiti-finance · 1 year ago
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Unlock Your Dream Home with Raiti Finance: Premier Mortgage Broker in Sydney!
Navigating the Sydney property market? Raiti Finance is your go-to Mortgage Broker in Sydney, offering tailored home loan solutions to suit your individual needs. With a wealth of knowledge in the Sydney market, we strive to simplify the mortgage process, ensuring you secure the best loan with utmost convenience. Whether you're buying your first home or investing, rely on Raiti Finance to pave the way to your property aspirations in the vibrant hub of Sydney!
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C&C 50 Vids, Replay Series August 2023 In this video we expand on the Feasibility issues and talk about the Loan Application. if you don't qualify to borrow enough money, you may need to reconsider your options. The loan application can be a lengthy process depending on who your lender may be.    • A4 C&C Step 2  The Loan Application a...   Please contact us direct at [email protected] or 0418417788
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thinkmortgage33 · 2 years ago
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If you are looking for the best online home loans in Australia, then Think Mortgage is the right destination for you. You can zero in on us. as we make home loans easy. We make your life easier by consolidating your debt. We promise to fulfill your dream under all circumstances. Visit Now: https://thinkmortgage.com.au/
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ndispropertyaustralia · 2 years ago
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yorkfinanceloan · 2 years ago
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Trade Finance Australia | Invoice Finance & Supply Chain Finance
Trade finance Australia - Our range of Invoice Finance & Supply Chain Finance loans will provide an immediate increase to your businesses cash flow. Domestic & International Invoices.
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Trade finance refers to financial instruments that facilitate Domestic and International trade. It is a method of financing that provides support to exporters and importers involved in international trade. In Australia, trade finance has played a vital role in the country's trade sector, which accounts for a significant portion of the country's GDP. In this guide, we will explore the different types of trade finance available in Australia, their benefits, and how they can help businesses involved in international trade.
What is Trade Finance in Australia? In this section, we will explore the concept of trade finance and how it works in Australia. We will also discuss the importance of trade finance in Australia's economy and the benefits it provides to businesses involved in international trade.
Types of Trade Finance in Australia This section will discuss the different types of trade finance available in Australia. This will include letters of credit, trade credit insurance, factoring, and supply chain finance. We will explore each of these in detail, discussing how they work and their benefits.
How to Apply for Trade Finance in Australia In this section, we will discuss the application process for trade finance in Australia. We will also explore the eligibility requirements, the documents required, and the fees associated with trade finance.
Benefits of Trade Finance in Australia In this section, we will explore the benefits of trade finance for businesses involved in international trade. This will include reducing risks, providing liquidity, improving cash flow, and expanding business opportunities.
Challenges of Trade Finance in Australia In this section, we will discuss the challenges associated with trade finance in Australia. This will include the regulatory environment, the documentation requirements, and the complexity of the process.
How Trade Finance Can Benefit Your Import-Export Business in Australia Trade finance is an essential tool for businesses involved in Domestic and International trade. It provides a range of benefits for import-export businesses operating in Australia, allowing them to manage risks, improve cash flow, and access finance quickly and efficiently. By using trade finance instruments such as letters of credit, guarantees, and finance facilities, businesses can reduce the risks associated with international trade transactions, such as non-
Trade finance refers to financial instruments that facilitate Domestic and International trade. It is a method of financing that provides support to exporters and importers involved in international trade. In Australia, trade finance has played a vital role in the country's trade sector, which accounts for a significant portion of the country's GDP. In this guide, we will explore the different types of trade finance available in Australia, their benefits, and how they can help businesses involved in international trade.
What is Trade Finance in Australia? In this section, we will explore the concept of trade finance and how it works in Australia. We will also discuss the importance of trade finance in Australia's economy and the benefits it provides to businesses involved in international trade.
Types of Trade Finance in Australia This section will discuss the different types of trade finance available in Australia. This will include letters of credit, trade credit insurance, factoring, and supply chain finance. We will explore each of these in detail, discussing how they work and their benefits.
How to Apply for Trade Finance in Australia In this section, we will discuss the application process for trade finance in Australia. We will also explore the eligibility requirements, the documents required, and the fees associated with trade finance.
Benefits of Trade Finance in Australia In this section, we will explore the benefits of trade finance for businesses involved in international trade. This will include reducing risks, providing liquidity, improving cash flow, and expanding business opportunities.
Challenges of Trade Finance in Australia In this section, we will discuss the challenges associated with trade finance in Australia. This will include the regulatory environment, the documentation requirements, and the complexity of the process.
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How Trade Finance Can Benefit Your Import-Export Business in Australia
Trade finance is an essential tool for businesses involved in Domestic and International trade. It provides a range of benefits for import-export businesses operating in Australia, allowing them to manage risks, improve cash flow, and access finance quickly and efficiently. By using trade finance instruments such as letters of credit, guarantees, and finance facilities, businesses can reduce the risks associated with international trade transactions, such as non payment or late delivery of goods. Trade finance can also provide businesses with access to working capital, allowing them to pay suppliers and meet other expenses while waiting for payment from customers. Overall, trade finance is a crucial tool for any import-export business looking to succeed in the competitive Australian market.
The Difference Between Traditional Financing and Trade Finance in Australia
Traditional financing and trade finance are two different ways of funding businesses. Traditional financing involves borrowing money from a bank or lender to finance a business's operations. Trade finance, on the other hand, is specifically designed to help businesses that are involved in importing and exporting goods. The purpose of trade finance is to help manage the risk associated with the trade process, from the time the goods are shipped to the time they are received by the buyer. In traditional financing, the business's creditworthiness is assessed based on the company's financial statements, credit history, and other factors. However, in trade finance, the focus is on the specific transaction and the underlying goods being traded. Trade finance can be an attractive option for businesses that need short-term funding to cover the costs of importing or exporting goods, as well as for businesses that have a high volume of international trade.
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What to Look for When Choosing a Trade Finance Provider in Australia
When choosing a trade finance provider in Australia, it's important to consider their experience and reputation in the industry. Look for providers that have a proven track record of successfully facilitating international trade transactions, and that have strong relationships with banks and other financial institutions in both Australia and abroad. It's also important to consider the provider's fees and charges, and to ensure that they are transparent and reasonable. Additionally, consider the level of customer support that the provider offers, as you may need assistance with various aspects of the trade finance process along the way. Ultimately, by selecting a reputable and reliable trade finance provider, you can help to ensure that your import-export business is able to operate smoothly and profitably, with the support of a trusted financial partner.
In summary, Trade finance is an essential aspect of international trade in Australia. It provides businesses with the necessary support to ensure that their transactions are completed successfully. By understanding the different types of trade finance available in Australia, businesses can make informed decisions about which financing method is best suited to their needs. At York Finance, we provide our clients with expert advice on all aspects of trade finance, ensuring that they have the support they need to succeed in the international marketplace. Additional Informtion>>
Contact us :-
Call : 1300 931 892
Add : Suite 7/43-45 Burns Bay Rd, Lane Cove NSW 2066, Australia
Mortgage broker near me, Trade finance Australia, Property development loans
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maximumwobblerbanditdonut · 9 months ago
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Gin made with botanicals from the Palace of Holyroodhouse launched
The Royal Collection Trust has launched a dry gin using botanicals from the gardens of the Palace of Holyroodhouse 🏴󠁧󠁢󠁳󠁣󠁴󠁿
By Lauren Gilmour
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A dry gin infused with botanicals grown in the gardens at the Palace of Holyroodhouse in Edinburgh has become the latest spirit to be launched by the Royal Collection Trust (Royal Collection Trust/His Majesty King Charles I|| 2024)
A dry gin infused with botanicals grown in the gardens at the Palace of Holyroodhouse in Edinburgh has become the latest spirit to be launched by the Royal Collection Trust.
Each gin is flavoured with ingredients sourced from the grounds of the Official Royal Residences.
The Palace of Holyroodhouse Dry Gin is infused with mint and lemon thyme hand-picked from the palace’s Physic Garden.
Inspired by the garden’s history of cultivating medicinal and culinary herbs, the botanicals – which are steeped for 24 hours before the distilling process begins – combine with juniper to create a delicately fragrant gin with a complex citrus top note.
The Physic Garden was opened adjacent to the palace in 2020 to recreate the earliest known gardens on the site.
It can be freely enjoyed year round by the people of Edinburgh and visitors to the Palace.
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The Physic Garden on the grounds of the Palace of Holyroodhouse opened in 2020 (Royal Collection Trust/His Majesty King Charles 111 2024)
Originally founded in the grounds of the palace in 1670 by two Scottish physicians, Sir Robert Sibbald and Sir Andrew Balfour, it provided fresh ingredients for pharmacists and allowed students to learn the medicinal properties of plants.
It was the first garden of its kind in Scotland and was the forerunner of the Royal Botanic Garden Edinburgh.
Today, visitors to the Physic Garden will see plants such as fennel, lavender, and lemon balm growing as well as a meadow of wildflowers with healing properties.
The floral bottle design of the gin is inspired by the 17th century Scottish textiles seen on the bed in Mary, Queen of Scots’ bedchamber inside the palace.
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The bottle design is inspired by the 17th-century Scottish textiles seen on the bed in Mary, Queen of Scots Bedchamber inside the Palace (Royal Collection Trust/His Majesty King Charles III 2024)
All profits from sales of the gin go towards the care of, and access to, the Royal Collection through the public opening of the Royal Residences, exhibitions, loans, and educational programmes managed by Royal Collection Trust, a registered charity.
@independent
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PALACE OF HOLYROODHOUSE DRY GIN
New
£40.00
PALACE OF HOLYROODHOUSE DRY GIN is Cheaper than SH’s Sassenach Wild Scottish Gin and is crafted in the heart of Edinburgh 🏴󠁧󠁢󠁳󠁣󠁴󠁿
*Due to international shipping restrictions, this item is only available for delivery to addresses in the United Kingdom, Germany, New Zealand and Australia.
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tkfinancegroup · 4 months ago
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Why You Should Talk to a Mortgage Professional
When purchasing a home, you will need to obtain a mortgage loan. Mortgage professionals are licensed specialists who can help you select a mortgage program with terms that fit your financial situation.
Unlike a loan officer who works for a lender, a mortgage professional operates independently. They can help you navigate the mortgage process by assessing your financial documentation and finding the best loan options.
Personalized Advice
Purchasing a home is a huge investment property and requires financing. Licensed mortgage professionals help buyers assess their financial situations and determine their mortgage needs, finding the best loan program for their goals. They also guide clients through the mortgage process, ensuring all required documentation is submitted accurately and on time.
A good mortgage professional is invaluable in the home buying process, helping buyers avoid costly mistakes. For example, first time buyers may be tempted to purchase a home that’s beyond their budget. A mortgage professional can help them find a more affordable option and make the process smoother.
Borrowers should work with a mortgage professional to navigate the complex mortgage industry and ensure they’re getting the most competitive rates. Unlike loan officers who work for financial institutions, brokers are independent and can provide borrowers with more options that suit their unique requirements. They’re knowledgeable about the different types of mortgages and can explain the advantages and disadvantages of each.
Saves You Time
Mortgage brokers have a vast understanding of investment property loan programs and lenders’ requirements, helping you navigate these factors to find a financing solution that works with your budget and financial goals. They also help avoid costly mistakes and pitfalls that may be difficult to understand without extensive experience in the home financing industry.
Mortgage professionals will work with you throughout the mortgage process, assisting you in filling out paperwork, gathering necessary documentation and communicating with lenders on your behalf. This helps streamline the mortgage process, saving you time and reducing the risk of missed deadlines and miscommunication that can result in delays or costly errors.
A mortgage professional can often save you money by finding a lender that offers lower fees or waives them altogether. For example, some profession-specific lenders offer mortgages for early career physicians and other high-earning occupations that allow them to borrow up to 95% of their purchase price and waive PMI payments because they know these young professionals will have higher incomes within a few years.
Saves You Money
You wouldn’t invest in large sums of money without talking to a stockbroker, and you shouldn’t apply for a mortgage without talking to a mortgage professional. They know how mortgages work, and they can match you up with the right loan program to save you money both now and in the long run.
Mortgage professionals also help borrowers compare loans from different lenders to find the best offer for their situation. This can save them a lot of money in the long run. They can also help borrowers avoid fees by finding a lender that waives or reduces them, such as application or origination fees.
A mortgage professional can also connect borrowers with special home loan programs, such as a professional mortgage. This type of loan allows borrowers in certain occupations to overcome strict income and debt requirements by factoring in their future earning potential. This can help borrowers get into a home sooner and save them thousands of dollars in the long run.
Saves You Stress
You wouldn’t buy a new home without talking to a real estate agent, so why would you apply for a mortgage loan without talking to a mortgage professional? Mortgage professionals research and compare loan programs, gather all the necessary documentation, communicate with lenders and other parties on behalf of clients, and offer advice throughout the mortgage process.
Unlike loan officers who work for banks or lending institutions, mortgage brokers have the freedom to search for and connect you with lenders that best meet your needs. They can also help you find profession-specific mortgages that can help you overcome typical income and debt requirements with lower pay early in your career.
As the saying goes, it takes a village to purchase a home. Your mortgage professional is one of the most important members of your team alongside your realtor, title company and real estate lawyer. They will save you time, money and stress by guiding you through the mortgage process.
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triplemfinance · 3 months ago
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Unlock Your Investment Potential with an Investment Property Calculator Australia
If you’re considering investing in residential property, having the right tools at your disposal is crucial. An investment property calculator tailored to the Australian market can be incredibly beneficial for making informed financial decisions. At Triple M Finance, located in Round Corner, NSW 2158, we’re here to guide you through the investment process with expert advice and the latest tools. In this blog post, we’ll explore how an investment property calculator can help you and why partnering with us can enhance your investment journey.
What is an Investment Property Calculator Australia?
An investment property calculator Australia is a specialized tool designed to help investors estimate the financial aspects of purchasing and managing a property. By inputting various data points, such as the property purchase price, loan amount, interest rate, and rental income, the calculator provides a comprehensive overview of your investment's financial viability. This tool is tailored to the specifics of the Australian property market, making it particularly relevant for local investors.
Key Features of an Investment Property Calculator
Estimate Monthly Repayments: Calculate your expected monthly mortgage repayments based on your loan amount, interest rate, and loan term. This feature helps you understand how much you’ll need to budget for loan servicing.
Determine Cash Flow: Assess the potential cash flow of your investment property by factoring in rental income and ongoing expenses. This helps you gauge whether the property will generate positive or negative cash flow.
Calculate Total Interest Costs: View the total interest you’ll pay over the life of the loan. This insight is crucial for understanding the long-term cost of borrowing and planning your investment strategy.
Compare Loan Scenarios: Experiment with different loan amounts, interest rates, and repayment terms to find the most advantageous loan structure for your investment goals.
Estimate Property Expenses: Some calculators include features to estimate additional property-related expenses, such as maintenance, property management fees, and insurance, giving you a complete picture of your investment costs.
Why Use an Investment Property Calculator?
Informed Decision-Making: An investment property calculator provides you with detailed financial projections, allowing you to make well-informed decisions about your property investment.
Budget Planning: By understanding your estimated loan repayments and cash flow, you can effectively budget for your investment and ensure that it aligns with your financial capacity.
Risk Management: The calculator helps you assess the financial risks associated with the investment by providing a clear picture of potential returns and expenses.
Time Efficiency: Quickly analyze different scenarios and financial outcomes without the need for complex manual calculations. This efficiency allows you to focus on other aspects of your investment strategy.
How Triple M Finance Can Enhance Your Investment Experience
While an investment property calculator is a valuable tool, working with experts from Triple M Finance can further optimize your investment approach. Here’s how we can assist you:
Expert Guidance: Our team provides personalized advice based on your financial situation and investment goals. We can help you interpret the results from the calculator and offer guidance on the best loan products and strategies.
Tailored Financing Solutions: We understand that every investor’s needs are unique. Our specialists will work with you to find a mortgage product that suits your specific requirements and investment strategy.
Local Market Knowledge: Based in Round Corner, NSW 2158, we have a deep understanding of the local property market. Our local expertise ensures that our advice is relevant and tailored to your investment area.
Streamlined Loan Process: We handle the complexities of securing a home loan, simplifying the process so you can focus on finding and managing your investment property.
Comprehensive Support: From initial calculations to finalizing your loan, we provide comprehensive support throughout your investment journey, ensuring a smooth and successful experience.
Ready to Optimize Your Investment Strategy?
Utilize our investment property calculator Australia to get a detailed overview of your potential investment, and then contact Triple M Finance at 0422 331 130 for expert advice and personalized support. Our team in Round Corner, NSW 2158, is here to help you navigate the investment process and achieve your financial goals.
Don’t let uncertainty hold you back from making the most of your investment opportunities. With the right tools and expert guidance, you can confidently pursue your property investment ambitions and secure a prosperous future.
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tenth-sentence · 4 months ago
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AGC had early warnings of the problems that could emerge from lending related to major property construction: for example, in 1984 its merchant bank subsidiary, Bill Acceptance Corporation, had become entangled in loans guaranteed by shares in Sydney's Regent Hotel.
"Westpac: The Bank That Broke the Bank" - Edna Carew
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