Fully Invested

Boronia, VIC

Residential property with future redevelopment potential

The Security Property comprises a residential property with future redevelopment potential in Boronia, VIC, approximately 28km east of the Melbourne CBD.

The Security Property has a land area of 998m2 and is currently improved with a 3 bedroom, 1 bathroom residential dwelling.

The purpose of the Loan was to assist with the acquisition of the Security Property.

The Borrower intends to lease the property in the short term and then obtain approvals for redevelopment of the property into a townhouse development.

The Borrower Group are experienced property developers and business owners who are well known to the Manager.

  • The Loan was advanced at a Loan to Value Ratio of 65%.
  • The Target Return is 8.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
  • Interest for the Term of the Loan has been lodged on deposit with the Manager.
  • The Loan Term is 18 months, subject to early or late repayment, from 3 March 2023 to 2 September 2024.

Investment Details

  • Target Return
    8.45% net
  • Loan to Value Ratio
    65%
  • Term
    2 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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