Connective Home Loans has announced the launch of CHL Resolve, its own dedicated commercial property finance suite funded by commercial property lender Thinktank.
Aimed at business owners, investors, and SMSF borrowers, CHL Resolve has no annual reviews, ongoing fees, or regular property re-evaluations and offers funding of up to $3 million, 75% LVR, and 30-year loan terms.
“The commercial property sector is particularly buoyant at present and this is creating opportunities for brokers to extend their offering beyond residential mortgages,” said Michael Goerner, head of Connective Home Loans.
“CHL Resolve comprises a suite of simple, straightforward commercial property finance solutions. We are essentially taking a residential approach to commercial property lending and this makes for an easy transition for any broker seeking to tap into this sector and extend their income streams.”
“Thinktank has a long history of delivering excellence in service, innovation and market-leading products. The value of this partnership in delivering CHL Resolve comes to the fore in an environment where the major banks are continually assessing risk and shifting exposure back onto the customer.”
Peter Vala, general manager of partnerships and distribution at Thinktank, added, “Thinktank’s deep industry experience has been singularly directed from the outset to working with brokers to deliver quality financial solutions to their clients while also helping to sustainably expand and diversify their businesses at the same time.”
“We are delighted to be part of the launch of CHL Resolve and greatly look forward to extending our full support to Connective’s nation-wide team and broker network.”