Esho Capital, a specialist in investment property financing, is expanding its focus toward investors and high-earning professionals, including doctors and lawyers, to help them navigate Australia’s challenging property market.
Led by Peter Esho (pictured above), an economist with more than 20 years of experience in real estate and investment markets, the company aims to meet the specific needs of sophisticated borrowers.
“Sophisticated investors require special needs and comprehensive service and solutions. Our team is well-placed to service this market segment,” Esho said.
Esho Capital offers a loan mortgage insurance (LMI) waiver, designed for professionals with stable jobs and strong incomes. The product helps borrowers avoid high LMI costs, typically required for buyers with smaller deposits.
Esho highlighted how the rising Sydney median house price of $1.6 million creates challenges for buyers, who need approximately $400,000 for a deposit and stamp duty. Without such savings, borrowers could incur LMI costs of $30,000 to $40,000 or more.
“We believe there is a better way,” Esho said. “LMI is not a necessity for many professionals who have the ability to access our LMI waiver lending providers.”
Esho Capital also focuses on loans for brand-new properties, addressing a critical financing gap that leaves many buyers unable to take advantage of this investment segment.
According to Esho, Australia builds around 10,000 new properties monthly, but buyers often struggle with loan approvals.
“Banks tend to approve loans up to 90 days, while off-the-plan properties can take one to three years to complete,” he said, explaining the challenges.
Esho noted that many buyers face difficulties during settlement, often finding that the property valuation comes in lower than the contract price, leading to stress and disappointment.
“Many other mortgage brokers and finance companies shy away from brand-new properties because of the complexity and long-term nature of the construction process,” he said. “Not us. We lean in with our expertise and knowledge.”
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