Task 2b Prepare complex broking options You are required to prepare a full report for Bill and John by outlining the process and the risks (potential and real) of which Bill and John should be aware. In a suitable format, outline to the directors the options available to them and the process that will need to take place for them to complete the new property purchase and establish the loan. In developing your report you should cover the following: 1. the parties to the loan 2. what is the best loan structure for this transaction provide Bill and John with options to use their own residential properties as cross security or use a cash contribution and use the property to be purchased as the security 3. your recommendation of the best option, including amount, security/collateral, term, repayments and potential interest rate 4. name three (3) lenders that would consider and potentially approve this transaction, and advise the client of the product type, loan term, interest rate, ongoing fees, balloon payment (if applicable) and monthly repayment they offer 5. the procedure to commence the loan, including documentation Bill and John need to provide 6. the client responsibilities, so Bill and John fully understand the facility being proposed 7. outline the risks (potential and real) of which Bill and John should be made aware 8. the name in which the client will sign the contract to purchase and, given Trust involvement, in what name will it be registered (this varies state to state so please advise which state you are from) 9. a summary of fees and charges including those for setup and those of the lender 10. a request for client to inform you of any questions about the transaction and/or provide an instruction for you to proceed 11. advise which relevant disclosures need to be made (800 words) Notes: Any assumptions you make should be listed, and not be in conict with the case study information already provided. You are to write a report to clients demonstrating your professional writing skill, not simply commenting on each of the points detailed above. The use of tables in the report, to set out some of the numeric information, may be of benet