Toorak, VIC

A 3 bedroom residential dwelling

The Loan is secured by first registered mortgage over a 3 bedroom single level residence located in Toorak, VIC, approximately 6km south east of the Melbourne CBD.

The purpose of the Loan was to provide equity release to assist with development of another commercial property owned by the Sponsors.

Toorak is an established and highly regarded inner eastern suburb of Melbourne. Toorak is characterised by large prestige homes of a high standard, with strong underlying demand.

The subject is improved by a circa 1970’s, Tuscan style, 3 bedroom, 2 bathroom brick residence that provides two (2) car spaces and a pool. The interiors were refurbished with high quality finishes in 2018.

The Sponsors are self-employed professionals established for over 40 years. They are also experienced property investors and developers.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 7.45% 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 23 February 2024 to 22 August 2025.

Investment Details

• Target Return

  7.45% net

• Loan to Value Ratio

  65%

• Term

  15 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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