Fully Invested

Moogerah, QLD

1,977ha quality cattle grazing rural land holding in the Scenic Rim Region.

The subject property comprises a 1,977ha landholding located in Moogerah, QLD, approximately 110km south west of the Brisbane CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Grading Road Sub-Trust, and to provide additional funds to the Borrower for improvements to their existing commercial property investment portfolio. The Borrower conducted the previous sub-trust in a punctual manner in accordance with loan documentation.

The Manager has undertaken a new credit underwrite and advanced a new Loan that is now the Grading Road No. 2 Sub-Trust. Investors in the Grading Road Sub-Trust have been fully repaid.

The Borrower Group are experienced property investors, managers and developers based in Brisbane. The Borrower Group generates substantial income through its real estate holdings as well as holding substantial net assets.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group over the past 10 years. All facilities have been conducted in a prompt and punctual manner.

  • The Loan was advanced at a Loan to Value Ratio of 48%.
  • 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 Term of the Loan has been lodged on deposit with the Manager.
  • The Loan Term is 12 months, subject to early or late repayment, from 15 January 2024 to 14 January 2025.

Investment Details

  • Target Return
    9.2% net
  • Loan to Value Ratio
    48%
  • Term
    8 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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