Fully Invested

Ormeau, QLD

Residential Development Site with DA pending

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Eggersdorf Road No. 4 Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner and in accordance with loan documentation.

The Security Property is well located in Ormeau, 5 minutes' drive from the Ormeau Town Centre which is anchored by Woolworths. 

A Development Application approval for a residential subdivision is expected by mid 2024.

The sole director of the Borrower is an experienced property professional with over 20+ years’ experience.

  • The Loan was advanced at a Loan to Value Ratio of 55%. 
  • The Target Return is 9.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears. 
  • The Loan is secured by first registered mortgage, unlimited personal guarantee 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 6 months from 28 March 2024 to 27 September 2024 (subject to early or late repayment).  

Investment Details

  • Target Return
    9.45% net
  • Loan to Value Ratio
    55%
  • Term
    3 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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