#101 Strata Tips…

Body Corporate Tip #45: Body Corporate Managers – The tripod

As any engineer will tell you some of the most stable structures are based on triangles. In the case of a body corporate that means the body corporate manager, the committee and the resident manager. Whether its passing on corporate knowledge, balanced decision making or forward planning, if the three legs that make up the tripod are stable and working together, then the body corporate will be well supported.

Management Rights Tip #45: Buying – Find a hungry lender

Whether you go direct to a bank, or use a broker, each lender will have a different appetite for MLR lending at any given point in time. That is because the lender will be wanting to spread its risk across a number of different industry portfolios and geographical areas. Once you understand this the process of shopping around for the best deal becomes easier; instead of being offended by a tough credit policy, you will see it as what it is – a signal that the lender has lost its MLR appetite.

Property Development Tip #45: Development financing – The power of bigger deposits

Whether you go direct to a bank, or use a broker, each lender will have a different appetite for MLR lending at any given point in time. That is because the lender will be wanting to spread its risk across a number of different industry portfolios and geographical areas. Once you understand this the process of shopping around for the best deal becomes easier; instead of being offended by a tough credit policy, you will see it as what it is – a signal that the lender has lost its MLR appetite.