Albury, NSW

A development site comprising two (2) detached dwellings and an adjoining vacant allotment

The Loan is secured by first registered mortgage over three (3) adjoining lots located in the regional city of Albury, NSW, approximately 550km south west of Sydney and 325km north east of Melbourne.

The site currently benefits from Development Application (DA) approval for an 8-level apartment complex comprising 27 apartments. The Borrower intends to lodge an amended Development Application to increase lot yield to 33 apartments across eight (8) levels, with Council approval anticipated by December 2026.

The purpose of the Loan was to assist with the refinance of the Security Properties and provide working capital to advance the proposed redevelopment of the site, including obtaining amended development approval.

The property is well located within walking distance of the Albury CBD. Surrounding amenity includes the retail and commercial services of the CBD, with efficient connectivity to the Hume Highway (M31) and broader regional road network.

The director is an experienced property investor and growing developer based in Albury, NSW.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.90% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a personal guarantee 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 15 May 2026 to 14 May 2027.

Investment Details

• Target Return

  8.9% net

• Loan to Value Ratio

  65%

• 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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