17 May 2013
Words Tim Admin

Specialist Management Rights Focus

Specialist financial expertise, both at the initial purchase finance stage and during the on-going operation of your business, is critical to the accommodation management sector. National Australia Bank has allocated dedicated resources to the management rights industry.NAB demonstrated its confidence in the industry by specifically allocating $250 million to lend across Queensland for the purchase of management rights during 2007.“NAB is a pioneer in the management letting rights industry, and we assessed 2007 as being another strong year for asset growth and financial opportunity in this business,” said Julian Pearce, NAB’s General Manager for Business and Premium Banking in Queensland.“As well as ascertaining that your financial institution can provide the appropriate finance, we believe it is also important to ensure your financier can provide you with good old-fashioned customer service and assistance.“Many financial institutions offer management letting rights packages, but the relationship should extend past the initial purchase finance,” Mr Pearce said. “An important feature often overlooked by purchasers is to assess whether the bank can offer the level of service appropriate to what may be the most significant financial investment they will ever make.“With access to 22 letting rights specialists across Queensland, NAB clients can be confident the service, advice and support will make a bigger contribution to their business success than the initial loan.“With each of our managers having direct support, prompt service can be assured.”Mr Pearce said the most valuable tool at a borrower’s disposal can be a personal business banker. “It is valuable to have access to a professional who knows your history and who is available to speak with you about your business and personal needs when it suits you,” he said.“Equally important, NAB has wealth management specialists who can assist, on the sale of your management rights business, with the investment of your hard-earned returns.“Part of our relationship approach is to ensure we support clients to achieve their goals for wealth creation when they decide to move out of the industry.”About NAB Business and Private BankingThe National Australia Bank employs over 5,650 business banking specialists and 450 financial planners and specialists at over 158 business banking centres Australia wide. It is one of the market leaders in providing business banking services to Australian business. For further information visit http://www.national.com./Business_Solutions