Parwan, VIC

Employment Precinct Structure Plan land currently zoned rural. Part of the broader Bacchus Marsh Urban Growth Framework

The Loan is secured by first registered mortgage over Employment Precinct Structure Plan land that is currently zoned rural. Part of the broader Bacchus Marsh Urban Growth Framework, the Security Property is located in Parwan, VIC, approximately 55km west of the Melbourne CBD and is part of Melbourne’s western growth corridor.

The property benefits from proximity to surrounding amenities and services with educational facilities, Bacchus Marsh Railway Station and Bacchus Marsh shopping centre all within a 10km radius.

The property is included within the Parwan Employment Precinct Structure Plan (PSP) which forms part of the broader Bacchus Marsh Urban Growth Framework. The PSP is currently under preparation with background studies being prepared.

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

The Borrower is a Property development and investment business based in Melbourne that specialises in development management and have a particular interest in the western growth corridors of Victoria.

The Manager is advised that the directors have substantial experience in commercial property investment and development and a substantial net asset position.

The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process and is satisfied that they are collectively financially capable of supporting a loan of this nature.

• The Loan was advanced at a Loan to Value Ratio of 60%.
• The Target Return is 9.40% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is secured by first registered mortgage, multiple joint and several personal and corporate guarantees and a General Security Agreement over the Borrower.  
• Interest is to be paid by the Borrower monthly in advance.
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 18 months, subject to early or late repayment, from 19 June 2023 to 18 December 2024.

Investment Details

• Target Return

  9.4% net

• Loan to Value Ratio

  60%

• Term

  7 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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