Reservoir, VIC

Townhouse development site with Permit pending

The Loan is secured by first registered mortgage over a 688m² vacant site with a pending permit application for a townhouse development in Reservoir, VIC, approximately 13km north of the Melbourne CBD.

The purpose of the Loan was to assist with the acquisition of the Security Property.

The Borrower has submitted a planning application to the local council for the construction of four (4) dwellings on the Security Property.

The Loan is expected to be refinanced into a construction facility on expiry of the Loan Term once the planning permit has been achieved.

The Borrower is well known to the Manager and has successfully completed numerous small to medium-density townhouse developments in Melbourne.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.10% 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 Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 26 March 2026 to 25 March 2027.

Investment Details

• Target Return

  8.1% net

• Loan to Value Ratio

  70%

• 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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