Fully Invested

Wantirna, VIC

Residential Townhouses – Residual Stock Loan

The Loan is secured by first registered mortgage over nine (9) townhouses in a recently completed estate located in Wantirna, VIC. The property is approximately 24km east of the Melbourne CBD. 

This facility is a Residual Stock Loan whereby it is anticipated that the Loan amount will be reduced from sale of the Security Properties and net sale proceeds from these properties will be returned to Investors. 

The Security Properties comprise of nine (9) triple storey townhouses, providing 2 bedroom accommodation ranging in size from 84-86m2

The property is conveniently situated in close proximity to numerous public and private educational institutions, health services, and public transportation options, including a bus service that operates along the subject street. Additionally, Heathmont and Heatherdale railway stations are located nearby. 

The Borrower Group is an experienced developer, having previously completed multiple other projects within the Melbourne metropolitan area spanning 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 63%.
  • 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 initial 3 months of the Loan Term has been lodged on deposit with the Manager.        
  • The Loan Term is 9 months, subject to early or late repayment, from 19 March 2024 to 18 December 2024.

Investment Details

  • Target Return
    9.2% net
  • Loan to Value Ratio
  • Term
    5 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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