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Think Tank Commercial Lender for Australian Commercial Property Finance

Think Tank are a dynamic and innovative commercial lender specialising in the commercial property market.

Think Tank has specifically designed commercial loan products to:

• Meet specific gaps in the commercial lending market
• Simplify commercial lending products and processes
• Compete head-on with the domestic banks in their core commercial loan products although without the excessive fees and red tape
• Offer transparency and consistency to all aspects of commercial lending including pricing, product parameters, commercial lending guidelines, and commission payments to our business partners.

Think Tank History

Think Tank founders include Glenn Maynard, Per Amundsen and Jonathan Street. The founders finance and business backgrounds are varied including decades of expertise in residential and commercial lending, operations, strategy, risk management and, especially, sales & distribution.

The Think Tank Funding Model for Commercial Property Loans

Think Tank has applied the principles of securitisation, common in the residential finance industry, to commercial property lending. By utilising funds supplied by "warehouse" or “wholesale” funders including domestic and international banks and institutions, Think Tank has developed its own range of innovative products. Access to this large ‘pool’ of warehouse funds enables Think Tank to compete with major lending institutions on price. Think Tanks ability to think outside the square has enabled the company to innovate and offer greater flexibility than that offered by traditional funders and competitors.

• Mortgage securitisation program specialising in commercial property lending.
• Direct lender (not a broker or originator and do not ‘re-badge’ or ‘white label’ other commercial lenders’ products).
• Securitisation process is similar to residential although without Lender’s Mortgage Insurance on each transaction.
• Warehouse funding is provided by a partnership of Tier 1 domestic and international finance institutions. Think Tank also provides funds into the funding structure.
• The Trustee and Lender of Record is JP Morgan Australia. Think Tank is the credit underwriter.
• Loan servicing is performed under agreement by market leader Perpetual Corporate Trust.

Think Tank Partners in the Commercial Property Finance Market

Think Tank partners with a range of introducers, predominantly mortgage originators and finance brokers, specialising in commercial and/or residential lending.

Think Tank is committed to its partners and has established an Introducer Charter to articulate the strength and depth of its commitment.

Think Tank’s philosophy in respecting the Introducer as a critical part of the team, and the intent to service them to a high standard will, in turn, reward all Think Tank customers.

Think Tank Values

Unique and Innovative Commercial Lending Products
It is Think Tank’s intent to not only compete in the mainstream with Australia’s banks and finance institutions, but to continue to innovate and offer new commercial loan facilities to make commercial property purchases and refinancing more transparent and accessible to borrowers in general.

Fundamental to Think Tank’s philosophy is the desire to make commercial lending simple, both in terms of product and process. Think Tank have taken a lot of the bank jargon out of their loan process and have adopted more simplified residential loan methodologies and terminology wherever possible.

Commercial lending should be straight forward and easy to understand. This concept is foreign to many lenders where fees are justified by making commercial loans sound as complicated and hard to access as possible.

“Can do attitude” (absence of ‘Bank’ bureaucracy)
Think Tank will look at ways to do business not ways to avoid it!

Think Tank won’t be able to do every commercial loan, but are determined to be transparent and consistent. Think Tank understand that your time is valuable and ensure their process is clear.

Think Tank has a friendly approach with introducers and customers alike and you can be sure you won’t be on an automated phone system for hours on end.

Think Tank listen to partners and customers and strive for continuous improvement
Think Tank may not be perfect but who is? Think Tank are continually striving to perfect! Think Tank encourage all feedback – good and bad – and aim to continually improve the way things are done.

Fast
Once provided with all relevant documentation, Think Tank aims to provide indicative finance approval within 24 hours. If there is information missing, Think Tank will let you know!

By using title insurance, Think Tank can deliver settlements as fast as 10-14 days. Try getting your bank to do that!

Value
The way in which Think Tank raise and lend funds enables the company to model products very accurately. The pricing of Think Tank products is simple – the greater the risk – the greater the price. For example the Quick Doc Loan (where no financials are required) at say 75 percent of a property’s value will be more expensive than a commercial loan where full financials are supplied at 75 percent of a property’s value. It’s that simple.

Think Tank have a strong range of commercial loan products, at various prices, to meet your different needs. Think Tank will also be coming out with one or two new ones soon!

For more information about Think Tank commercial property finance contact a finance broker on 02 8002 4035 or email a finance broker for more information about commercial property finance with this email form.