Armadale, VIC
Mixed-use development site with a retail warehouse, office building, dwelling and hardstand
The Loan is secured by first registered mortgage over a 1,585m2 mixed use development site located in Armadale, VIC, approximately 6.5km south east of the Melbourne CBD.
The Security Property is held across four (4) individual titles with two (2) street frontages. It comprises an irregular shaped parcel improved with a dated retail/warehouse building, a 3 level office building and a dated residential dwelling, with concrete and gravel hardstand.
The Borrower has applied for a mixed-use planning permit, to include a supermarket operator anchoring the ground floor and seven (7) levels of residential apartments above.
The Sponsors are self-employed professionals, with businesses established for over 40 years. They are also experienced property investors and developers, having acquired properties and enhanced their value through small-scale redevelopment.
- The Loan was advanced at a Loan to Value Ratio of 63%.
- The Target Return is 7.90% 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 12 months of the Loan Term has been lodged on deposit with the Manager.
- The Loan Term is 24 months, subject to early or late repayment, from 22 August 2025 to 21 August 2027.
Investment Details
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Target Return
7.9% net -
Loan to Value Ratio
63% -
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.
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