Werribee, VIC

Six (6) newly completed, individually titled townhouses

The Loan is secured by first registered mortgage over six (6) separately titled, newly completed, double storey attached townhouses, each providing 3 bedroom accommodation, located in Werribee, VIC 30km south west of Melbourne CBD.

Each dwelling features modern architecture, open plan living and dining kitchen area, complemented with a courtyard, landscaping and single garage (with the exception of one (1) property, which has a double garage).

The Security Properties were unencumbered at the time of making the Loan.

The site is well located near educational institutions, health services and retail with Werribee Central located a short distance to the north east providing for immediate retail and shopping amenity.

The Sponsors are an experienced and proven property developer, and business owners who have developed significant small residential and commercial developments spanning the last 8 years.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner

• The Loan was advanced at a Loan to Value Ratio of 65%.
• 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 unlimited joint and several guarantees and indemnities 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 6 months, subject to early or late repayment, from 31 October 2023 to 30 April 2024.

Investment Details

• Target Return

  9.2% net

• Loan to Value Ratio

  65%

• Term

  0 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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