Falls Creek, VIC

Alpine Residential Apartment

The Loan is secured by first registered mortgage over a leasehold apartment within the alpine resort of Falls Creek, VIC, approximately 385km north east of Melbourne, in the Victorian Alps of the Great Dividing Range.

The purpose of the Loan was to provide an equity release against the Security Property.

The apartment provides 4 bedroom, 4 bathroom accommodation across two (2) levels.

The Security Property occupies a well-regarded position within the Falls Creek resort and has elevated views of the valley and mountain ranges.

The Security Property is held by the Borrower by way of leasehold interest expiring in October 2059.

• The Loan was advanced at a Loan to Value Ratio of 60%.
• The Target Return is 7.80% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a director's 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 24 months, subject to early or late repayment, from 23 May 2025 to 22 May 2027.

Investment Details

• Target Return

  7.8% net

• Loan to Value Ratio

  60%

• 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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