Beaconsfield, VIC

10 titled vacant residential land lots - Residual Stock Loan

The Loan is secured by first registered mortgage over 10 titled vacant residential land lots located in Beaconsfield, VIC, approximately 46km south east of the Melbourne CBD.

This Loan is a Residual Stock facility whereby it is intended that the Loan and LVR will reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds and these funds will be returned to Investors.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Rix Road No. 7 Sub-Trust.

The Security Property comprises 10 allotments ranging in size from 366m² to 1,001m², and forms part of the Borrower’s master-planned estate, a staged residential subdivision of 70 lots in total.

The Borrower Group is an experienced residential property development company based in Melbourne.

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 70%.
• 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 individual and corporate guarantees and a General Security Agreement over the Borrower.
• The Borrower is to make monthly interest payments in advance. The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 31 March 2026 to 30 March 2027.

Investment Details

• Target Return

  7.9% net

• Loan to Value Ratio

  67%

• Term

  12 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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