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China, respectfully, you don't know what you don't know. If your providers (lawyer and accountant) were informed that your intent was for the SMSF to leverage and purchase this property the appropriate structures (and ownership documentation on the contract of sale) would be in place. If I...

China, looks like a big can of worms. In addition to Terry's leading questions, who is the owner of this property? Is it purely your SMSF? Or have you set up a custodian trust to hold the property title in it's mortgaged state? You need advice post haste. If your lawyer and accountant...

Just another angle........