Brighton, VIC

Double storey contemporary residential property

The Loan is secured by a first registered mortgage over a double storey contemporary residential property located in Brighton, VIC, approximately 12km south east of the Melbourne CBD.  

The purpose of the Loan was to provide a working capital release to the Borrower. 

The Security Property occupies a total site area of 1,884m² and is improved with a 596m² double storey dwelling, offering five (5) bedrooms plus study, four (4) bathrooms and a generous balance of living amenity. Further improvements include a 3 car garage, alfresco area, inground swimming pool and landscaped/walled gardens. 

The property is currently leased out on a 2 year fixed term, expiring September 2025. 

The Director has over 20 years’ experience in property development and real estate management and holds a substantial net asset position, built form active development and investment in the Melbourne metropolitan property market over the last 10 years.

• The Loan was advanced at a Loan to Value Ratio of 70%. 
• The Target Return is 8.20% p.a., net of fees and expenses, and is paid to Investors monthly in arrears. 
• The Loan is supported by an unlimited Director's guarantee and a General Security Agreement over the Borrower. 
• Interest for the initial 12 months of the Loan Term has been lodged on deposit with the Manager. 
• The Loan Term is 18 months, subject to early or late repayment, from 1 March 2024 to 31 August 2025.

Investment Details

• Target Return

  8.2% net

• Loan to Value Ratio

  70%

• Term

  16 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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