Coolangatta, QLD

Luxury two-level 5 bedroom penthouse unit

The Loan is secured by first registered mortgage over a two-level, 5 bedroom penthouse unit located in Coolangatta, QLD, approximately 32km south of the Gold Coast CBD.

The Security Property fronts Rainbow Bay, on the border of QLD and NSW, a prime ocean front destination.

The surrounding environment comprises predominantly older unit complexes, with redevelopment becoming increasingly common.

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

The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are collectively financially capable to service a loan of this nature.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.20% 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 Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 24 April 2026 to 23 April 2027.

Investment Details

• Target Return

  8.2% net

• Loan to Value Ratio

  65%

• Term

  12 Months

• Minimum Initial Investment

  $10,000

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.