Heidelberg West, VIC

General Residential 1 Zone - Future Redevelopment Site

The Loan is secured by first registered mortgage over a 600m² residential property for future redevelopment located in Heidelberg West, VIC, approximately 14km north east of Melbourne’s CBD. 
 
The purpose of the Loan was to assist with the acquisition of the Security Property. 
 
The property is currently improved by a single level 2 bedroom brick dwelling. 
 
The Borrower has submitted a planning application for the construction of five (5) units. 
 
The Borrower Group are experienced property developers who are well known to the Manager. 

• The Loan was advanced at a Loan to Value Ratio of 70%. 
• The Target Return is 8.05% 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. 
• 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 9 months, subject to early or late repayment, from 26 June 2026 to 25 March 2027. 

Investment Details

• Target Return

  8.05% net

• Loan to Value Ratio

  70%

• Term

  9 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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