Prepare complex broking options and Implement complex loan structures

Task 2 — Prepare complex broking options

You are required to prepare a full report for Bill and John by outlining the application process and the risks (potential and real) of which they should be aware. This must be presented in a suitable format that would be sent to the client.

You will be required to outline to the directors the product options available to them and the process that will need to take place for them to complete the new property purchase and establish the loan.

In preparation of researching the product options, you will need to understand the client’s situation and what funds will be available between the purchase and the sale settlement as outlined in the case study.

The two (2) product options for the property purchase are as follows:

Option 1: A bridging loan with a term loan following bridging period (post sale settlement)

Option 2: A variable rate term loan (to effect the purchase in 90 days time).

In developing your report, you should cover the following:

1. Who are the parties to the loan, given the Trust involvement

2. Provide Bill and John with two (2) complex loan product options

– Option 1: Bridging loan with a term loan to follow the bridging period

– Option 2: Variable rate term loan.

3. What are your recommendations of the best loan structure option, including:

• the loan amount

• security/collateral including personal and company guarantees

• the loan term

• an explanation as to why the other option is not as suitable for the clients (include pros and cons and differences in fees and interest etc.)

4. Name three (3) lenders that offer the recommended product option required to facilitate this transaction. Advise the client of the product type, loan term, interest rate, ongoing fees and monthly repayment for each of the lenders.

5. What is the procedure to implement the loan, including the documentation Bill and John are required to provide and the security they need to provide?

6. Outline the risks of which Bill and John should be made aware. Information should cover risks associated with the selected loan products and required security, including guarantees and forms of security required in addition to property.

7. Provide the name of the borrower that will be on the loan contract. Also, what name will go on the Certificate of Title (given the Trust involvement) when it is registered with the Land Titles Office? (This varies from state to state so please advise which state you are from – refer to the Toolbox for assistance to conduct your research.)

8. Prepare a full funding description including a summary of fees and charges for the purchase of the property and also the setup costs (e.g. solicitors fees) and the lender’s fees and charges. If there is a shortfall of funds, how will this shortfall be covered?

9. The clients enquired about claiming back the GST that is included in the purchase price after settlement. In accordance with your qualification as a mortgage broker, what do you advise the clients to do regarding this question?

10. You request that the client informs you of any questions about the transaction and/or provide instructions for you to proceed.

11. Advise which relevant disclosures need to be made to the client regarding the broker remuneration.

(800 words)

Notes: Any assumptions you make should be listed, and not be in conflict with the case study information already provided.

You are to write a report to clients demonstrating your professional writing skills, not simply commenting on each of the points detailed above.

The use of tables in the report to set out some of the numeric information may be of benefit.

Task 3 — Implement complex loan structures

Bill and John have accepted your recommendations and have given you authority to proceed with their application.

As part of implementing their loan application you are required to prepare a formal written loan submission to the lender for pre-approval.

Note: Lenders have different templates, therefore, credit policies and submission requirements will vary from lender to lender.

Your loan submission must include:

• details of borrower, guarantors and their contact details

• what the business does, borrowers’ backgrounds including directors’ management ability

• an overview of the proposal — what the finance is for, the proposed structure and loan recommended, including:

– product type

– deposit amount (if required)

– loan amount

– term

– interest rate

– loan repayments.

• a funds-to-complete table, including statutory costs and any relevant fees

• debt service cover ratio (DSCR) calculations using information provided in the topic notes and the case study

• full details of the security being offered

• any proposed conditions relating to the loan (e.g. proof of sale of existing premises)

• the relevant risks. Include industry, business, transactional, economic and personal and how they can be mitigated

• any other information that is relevant to assist the lender provide an approval

• a list of the documents that you would attach in your written submission

• your comments and recommendations.

(800 words)

Notes: Any assumptions you make should be noted, and should not be in conflict with the case study information already provided.

You are to write a formal submission to the lender, or complete a word document template and copy and paste into the student response box.

Student response to Task 3

Answer here Credit memorandum

Borrower details Name: True Blue Investment Pty ltd ACN/ABN: 576 576 570 Directors: Name/address Bill Smith- 26 Nowry Road, Newtown- 2134 John Jones- 14 Mary Street, Bankstown- 2158 Shareholders: Name/address/percentage of shareholding Bill Smith- 26 Nowry Road, Newtown-2134(33 units) John Jones- 14 Mary Street, Bankstown-2158(33 units) Amanda Williams- 55 Main Road, Blacktown-2148(33 units)
Principal place of business 100 Smith Street, Newtown 2134
Postcode 2134 Phone number 97411236 Fax number:
Years of operation 3 years Industry (if applicable)
Nature of business activities Real estate



Trust Full Name of Trust Smith Jones Williams Unit Trust Type of Trustee Company Y / N Individual Y / N Name of Trustee True Blue Investments Pty Ltd Year established 1/1/2018 Type of Trust Property Trust Account Beneficiaries


Background Bill Smith and John Jones running the True Blue real estate business for last years but they have been in this field for approximately last 12 years. This field focuses on residential sales and leasing. Bill and John’s experience and business began with massive amount of the knowledge in the area and expanding client base and thus has lead to their substantial growth for True Blue Real Estate

Purpose/loan details/funding table/pricing Provide a funds-to-complete table, including statutory costs and any relevant fees Purpose- to expand the business Loan Details- Purchase price $950000+ $95000GST-95000-$235000+$5000=$720000 Funding Table- $95000+$235000


Security details/Exit strategy The property which they are buying become itself a security Best exit strategy is to sale the property at any time, do the repayment of balance loan amount

Conditions precedent (If no conditions precedent note with N/A) N/A

Business/Industry/Transaction Risk New competition in the market arise anytime Changing technology Supplier can pull off the agreement anytime

Attachments to accompany submission Company financial documents Details of directors and shareholders Detail of bank accounts Solicitor detail New trust details

Supporting information & Recommendation Name: ABC G Organisation: XYZ Pty Ltd Date: 22/12/2021

Order Now
No Fields Found.
Universal Assignment (May 25, 2024) Prepare complex broking options and Implement complex loan structures. Retrieved from https://universalassignment.com/prepare-complex-broking-options-and-implement-complex-loan-structures/.
"Prepare complex broking options and Implement complex loan structures." Universal Assignment - May 25, 2024, https://universalassignment.com/prepare-complex-broking-options-and-implement-complex-loan-structures/
Universal Assignment June 17, 2022 Prepare complex broking options and Implement complex loan structures., viewed May 25, 2024,<https://universalassignment.com/prepare-complex-broking-options-and-implement-complex-loan-structures/>
Universal Assignment - Prepare complex broking options and Implement complex loan structures. [Internet]. [Accessed May 25, 2024]. Available from: https://universalassignment.com/prepare-complex-broking-options-and-implement-complex-loan-structures/
"Prepare complex broking options and Implement complex loan structures." Universal Assignment - Accessed May 25, 2024. https://universalassignment.com/prepare-complex-broking-options-and-implement-complex-loan-structures/
"Prepare complex broking options and Implement complex loan structures." Universal Assignment [Online]. Available: https://universalassignment.com/prepare-complex-broking-options-and-implement-complex-loan-structures/. [Accessed: May 25, 2024]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Categories

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to info@universalassignment.com . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

EDM9780M CEEL Summative Assignment 2023-2024

Below you will find instructions on completing each of the four parts of your final summative assignment. Part 1 – Personal/professional area of interest in education (1000 – 1,500 words max) For this part of the assignment, you will need to: How to complete this part (Part 1): 1. Choose

Read More »

AT1 PREPARATION REFLECTION TEMPLATE

Weighting: 5 marks (10%) of the assignment. COMPLETE & SUBMIT INDIVIDUALLY. This is the second of THREE documents required for submission for the assignment. Complete the following, describing and reflecting upon your involvement with the preparation for the Group Presentation, including your interaction with other members of your team in

Read More »

SUMMATIVE ASSIGNMENT – Mathematics for Science

IMPORTANT INFORMATION 1 Electric power is widely used in industrial, commercial and consumer applications. The latter include laboratory equipment for example water baths, spectrophotometers, and chromatographs. If you have 17.3 kA and 5.5 MV, what is the power? Give the appropriate unit.                                                                                                               (3 marks) 2 Oil immersion objective lenses

Read More »

Assignment CW 2. Foundations of Biology

The instructions in RED are the ones which are mark-bearing and need to be answered as part of the assignment. The instructions in BLACK tell you how to carry out the simulation Diffusion simulation: Results table Use Excel to calculate the mean and standard deviation. The functions are AVERGAGE and

Read More »

MA Education Dissertation Proposal

Student Name Click here to enter text. Student ID                       Proposed title of research project Click here to enter text.       State the background references on which your research is based (ideally 4 or 5) Click here to

Read More »

Assignment: Implement five dangerous software errors

Due: Monday, 6 May 2024, 3:00 PM The requirements for assessment 1: Too many developers are prioritising functionality and performance over security. Either that, or they just don’t come from a security background, so they don’t have security in mind when they are developing the application, therefore leaving the business

Read More »

LNDN08003 DATA ANALYTICS FINAL PROJECT

Business School                                                                 London campus Session 2023-24                                                                   Trimester 2 Module Code: LNDN08003 DATA ANALYTICS FINAL PROJECT Due Date: 12th APRIL 2024 Answer ALL questions. LNDN08003–Data Analytics Group Empirical Research Project Question 2-The project (2500 maximum word limit) The datasets for this assignment should be downloaded from the World Development Indicators (WDI)

Read More »

Imagine you are an IT professional and your manager asked you to give a presentation about various financial tools used to help with decisions for investing in IT and/or security

Part 1, scenario: Imagine you are an IT professional and your manager asked you to give a presentation about various financial tools used to help with decisions for investing in IT and/or security. The presentation will be given to entry-level IT and security employees to understand financial investing. To simulate

Read More »

DX5600 Digital Artefact and Research Report

COLLEGE OF ENGINEERING, DESIGN AND PHYSICAL SCIENCES BRUNEL DESIGN SCHOOL DIGITAL MEDIA MSC DIGITAL DESIGN AND BRANDING MSC DIGITAL DESIGN (3D ANIMTION) MSC DIGITAL DESIGN (MOTION GRAPHICS) MSC DIGITAL DESIGN (IMMERSIVE MIXED REALITY) DIGITAL ARTEFACT AND RESEARCH REPORT                                                                 Module Code: DX5600 Module Title: MSc Dissertation Module Leader: XXXXXXXXXXXXXXXXX Assessment Title:

Read More »

Bsc Public Health and Health Promotion (Top up) LSC LONDON

Health and Work Assignment Brief.                 Assessment brief: A case study of 4,000 words (weighted at 100%) Students will present a series of complementary pieces of written work that:   a) analyse the key workplace issues; b) evaluate current or proposed strategies for managing them from a public health/health promotion perspective

Read More »

6HW109 Environmental Management and Sustainable Health

ASSESSMENT BRIEF MODULE CODE: 6HW109 MODULE TITLE: Environmental Management and Sustainable Health MODULE LEADER: XXXXXXXXX ACADEMIC YEAR: 2022-23 1        Demonstrate a critical awareness of the concept of Environmental Management linked to Health 2        Critically analyse climate change and health public policies. 3        Demonstrate a critical awareness of the concept of

Read More »

PROFESSIONAL SECURE NETWORKS COCS71196

PROFESSIONAL SECURE NETWORKS– Case Study Assessment Information Module Title: PROFESSIONAL SECURE NETWORKS   Module Code: COCS71196 Submission Deadline: 10th May 2024 by 3:30pm Instructions to candidates This assignment is one of two parts of the formal assessment for COCS71196 and is therefore compulsory. The assignment is weighted at 50% of

Read More »

CYBERCRIME FORENSIC ANALYSIS – COCS71193

CYBERCRIME FORENSIC ANALYSIS – COCS71193 Assignment Specification Weighted at 100% of the module mark. Learning Outcomes being assessed by this portfolio. Submission Deadline: Monday 6th May 2024, 1600Hrs. Requirements & Marking Scheme General Guidelines: This is an individual assessment comprised of four parts and is weighted at 100% of the

Read More »

Social Media Campaigns (SMC) Spring 2024 – Winter 2024

Unit: Dynamic Websites Assignment title: Social Media Campaigns (SMC) Spring 2024 – Winter 2024 Students must not use templates that they have not designed or created in this module assessment. This includes website building applications, free HTML5 website templates, or any software that is available to them to help with

Read More »

ABCJ3103 NEWS WRITING AND REPORTING Assignment

ASSIGNMENT/ TUGASAN _________________________________________________________________________ ABCJ3103 NEWS WRITING AND REPORTING PENULISAN DAN PELAPORAN BERITA JANUARY 2024 SEMESTER SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam bahasa Melayu atau bahasa Inggeris. Jumlah patah perkataan: 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam PELBAGAIfail. Tugasan ini dihantar secara ONLINE. Tarikh

Read More »

ABCM2103 INFORMATION TECHNOLOGY, MEDIA AND SOCIETY Assignment

ASSIGNMENT/ TUGASAN _________________________________________________________________________ ABCM2103 INFORMATION TECHNOLOGY, MEDIA AND SOCIETY TEKNOLOGI MAKLUMAT, MEDIA DAN MASYARAKAT JANUARY 2021 SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam Bahasa Melayu atau Bahasa Inggeris. Jumlah patah perkataan : 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam SATU fail. Tugasan ini dihantar

Read More »

ABCR3203 COMMUNICATION LAW Assignment

ASSIGNMENT/ TUGASAN _________________________________________________________________________ ABCR3203 COMMUNICATION LAW UNDANG-UNDANG KOMUNIKASI JANUARY 2024 SEMESTER SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam Bahasa Melayu atau Bahasa Inggeris. Jumlah patah perkataan : 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam SATU fail. Tugasan ini dihantar secara ONLINE. Tarikh penghantaran        :

Read More »

ORGANISATIONAL STRATEGY PLANNING AND MANAGEMENT ASSIGNMENT

POSTGRADUATE DIPLOMA IN BUSINESS MANAGEMENT ORGANISATIONAL STRATEGY PLANNING AND MANAGEMENT ASSIGNMENT NOTE: At postgraduate level, you are expected to substantiate your answers with evidence from independent research. INTRODUCTION TO THE ASSIGNMENT • This assignment consists of FOUR compulsory questions. Please answer all of them. • When you answer, preferably use

Read More »

Solution: Scenario 1, Mirror therapy in patients post stroke

Title: Scenario 1, Mirror therapy in patients post stroke Part 1 : Summary Ramachandran and colleagues developed mirror therapy to treat amputees’ agony from phantom limbs. Patients were able to feel their amputated limb without experiencing any pain by presenting them a mirror image of their healthy arm. Since then,

Read More »

Solution: Exploring the Dominance of Silence

Slide 1: Title – Exploring the Dominance of Silence The title, “Exploring the Dominance of Silence,” sets the stage for a deep dive into the portrayal of silence in Philip K. Dick’s “Do Androids Dream of Electric Sheep?” Our presentation will dissect the literary techniques used by the author to

Read More »

Solution: Assessment: Critical Reflection S2 2023

The policies that hampered the cultural survival of Indigenous groups have a major effect on their health (Coffin, 2007). Cultural isolation can cause an identity crisis and a sense of loss, which can exacerbate mental health problems. Indigenous people have greater rates of chronic illness and impairment due to historical

Read More »

Solution: The Market – Product and Competition Analysis

Section 1: The Market – Product and Competition Analysis Industry and Competition Analysis: The baking mix market is very competitive, but My Better Batch is entering it anyhow. The prepackaged baking mixes sold in this market allow busy people to have bakery-quality products on the table quickly without sacrificing quality

Read More »

Solution: PDCA model for Riot

Student Name: Student ID: University Name: Date: Learning Outcome 1: Engage actively in recognizing a new product/service for Riot and detect the vital tasks required for its effective growth. In this comprehensive learning outcome, Riot’s progress towards innovation superiority is characterized by a deliberate scheme that draws on components from

Read More »

Solution: EDEN 100 – ASSIGNMENT 1

Part 1: Reflections on the Register Variables Use the questions in Column 1 and analyse the sample oral interactions provided under the assessment tile. The transcript for Viv’s conversation is provided on pages 4-5. Probe Questions  Link to readings and theory Interaction 1 Interaction 2 PART 1 – ANALYSING THE

Read More »

Can't Find Your Assignment?

Open chat
1
Free Assistance
Universal Assignment
Hello 👋
How can we help you?