Melbourne, VIC

A 2 bedroom residential apartment

The Security Property comprises a 2 bedroom residential apartment situated on the upper levels of a residential development, located north west of the Melbourne CBD, toward the fringe of Melbourne’s Legal Precinct.

The parent development was constructed in 1999 and comprises a total of 107 apartments and two (2) ground level retails units.

The subject apartment offers spacious internal accommodation, with a living area of 299m² and external areas totaling 107m², surpassing similar 2 bedroom dwellings in the locality.

Positioned on an elevated level within the development, it also boasts extensive city views and includes two (2) secure car spaces on the third level.

The Borrower has broad experience in investing across a diverse range of business and property projects.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.35% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a Director's guarantee.
• Interest for the initial 12 months of the Loan Term has been lodged on deposit with the Manager. 
• The Manager has assessed the financial position of the Borrower and Guarantor and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 24 months, subject to early or late repayment, from 30 October 2024 to 29 October 2026.

Investment Details

• Target Return

  8.35% net

• Loan to Value Ratio

  70%

• Term

  24 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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.