New Product Launch – Aged Care Loan
Origination News - Monthly news for Loan Brokers 18 April 2016

As the ageing population rapidly grows in Australia, approximately $3 billion per annum is required to fund individuals that will need to move into aged care facilities. Individuals will have to pay a Refundable Accommodation Deposit (RAD). Such deposits commonly exceed $500,000. How to fund this payment is a complex problem for many families.

Reflecting our heritage La Trobe Financial has identified this as an area where customers are under-served and is taking a lead to address this problem by providing a specialist solution to help our ageing senior population. A product that specifically funds the payment of the RAD and also helps reduce the emotional stress for families when moving a loved one to an aged care facility.

Martin Lynch is the Head of Aged Care Products at La Trobe Financial. Martin has been involved in the Aged Care and Reverse Mortgage industry for over 10 years. To learn how this Aged Care Loan product can be a solution for your customers, click on the video link below.

Best regards,

Cory Bannister
Vice President,
Chief Lending Officer

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La Trobe Financial is one of Australia's leading independent credit specialist Fund Managers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Credit Funds under AFSL 222213. It employs over 150 staff and has managed over AUD$10 Billion covering over 100,000 investment grade assets since inception in 1952.

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