Bonshaw, VIC

Residential subdivision site

The Loan is secured by first registered mortgage over a 1.296ha residential subdivision development site located in Bonshaw, VIC, approximately 8km south west of central Ballarat and 123km west of Melbourne CBD.

The Security Property is included within an 'Urban Growth' zone within the approved Ballarat West Precinct Structure Plan (PSP).

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

A planning permit application has been submitted, which incorporates the Security Property and four (4) adjoining properties, for the construction of a multi-stage residential subdivision comprising 217 residential lots and two (2) super lots.

The Borrower is a Special Purpose Vehicle (SPV) created specifically to hold the Security Property and carry out the proposed development. The primary Sponsor is an experienced property investor and developer who has completed multiply residential subdivision in Victoria. 

• The Loan was advanced at a Loan to Value Ratio of 55%.
• The Target Return is 9.20% 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 Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 15 months, subject to early or late repayment, from 22 September 2023 to 21 December 2024.

Investment Details

• Target Return

  9.2% net

• Loan to Value Ratio

  55%

• 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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