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SMSF loans

SMSF property lending, done correctly.

SMSF lending is a specialist niche. Limited recourse borrowing, bare trust structures, liquidity rules, and a shrinking lender panel mean the broker's job is as much about knowing the rules as finding a rate.

LRBA, bare trusts, and the rules that don't bend.

An SMSF loan is structured as a Limited Recourse Borrowing Arrangement (LRBA). The SMSF doesn't hold the property directly during the loan term — a separate bare trust (sometimes called a custodian trust or holding trust) holds legal title, and the SMSF holds the beneficial interest. If the loan defaults, the lender's recourse is limited to the specific asset inside the bare trust, not the rest of the SMSF's assets. That's the 'limited recourse' in LRBA.

Beyond that, the single acquirable asset rule, the in-specie contribution limits, related party transaction restrictions, and liquidity tests all apply. Lenders will test whether the SMSF has enough liquidity to service the loan under stress, often requiring 10% of the loan balance held in cash or liquid assets. Get any of this wrong and the ATO has real teeth.

Two paths.

SMSF lending FAQs

Why is the SMSF lender panel so small?
A handful of years ago most majors withdrew from SMSF lending. Today the active SMSF lender panel is mostly second-tier banks, credit unions, and non-bank specialists. This is where broker panel depth matters.
What LVR can the SMSF borrow to?
Typically 70-80% on residential SMSF loans, 65-70% on commercial. The lower LVR is partly lender caution, partly the SMSF's own liquidity requirement.
Can the SMSF borrow to buy a property I already own?
No, if it's residential. Yes, if it's commercial and the property is Business Real Property (the premises from which a business is wholly or partly operated). This exception is one of the strongest reasons to look at SMSF commercial lending.
Important: SMSF lending decisions involve superannuation, tax, and legal considerations that sit outside the scope of mortgage broking. Nothing on this page is financial product advice. Always coordinate with your financial adviser, accountant, and SMSF specialist before acting on any SMSF lending information.

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