Think Tank

Think Tank – a dynamic and innovative 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 products although without the excessive fees and red tape
• Offer transparency and consistency to all aspects of commercial lending including pricing, product parameters, lending guidelines, and commission payments to business partners.

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

The Funding Model

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. The Think Tank ability to think outside the square has enabled Think Tank 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 companies 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 by Perpetual Corporate Trust.

Think Tank Partners

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 our intent to service them to a high standard will, in turn, reward all Think Tank customers.

Think Tank Values

Unique and Innovative 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. We have taken a lot of the bank jargon out of our 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 loan but they aim to be transparent and consistent. Think Tank understand that your time is valuable and want to 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

Fast

Once Think Tank have all relevant documentation Think Tank aims to provide indicative finance approval within 48 hours. If there is information missing they will let us 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 them to model products very accurately. The pricing of 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% of a property’s value will be more expensive than a loan where full financials are supplied at 75% of a property’s value. It’s that simple.

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