Macquarie margin lends for property
Macquarie Bank has continued its roll-out of tax-effective products in time for June 30, with a margin loan into property being the latest.
Macquarie Property has constructed a menu of direct property funds and property securities funds, to which investors can leverage 60 per cent of their exposure through a loan from Macquarie Margin Lending.
Demand from advisers and their clients for more accessible, non-residential property investments was the instigator for the product, to be known as Macquarie Property Access, according to head of property investment banking, Rob Morton.
Macquarie will loan up to 60 per cent of an investment, subject to a minimum loan of $50,000 and a 2.1 per cent loan establishment fee.
Morton said the loan interest would generally be tax deductible, and there would be no margin calls.
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