Truganina, VIC

20 double level townhouses, each providing 3 bedroom accommodation – Residual Stock Loan

The Loan is secured by first registered mortgage over 20 recently completed residential townhouses located in Truganina, VIC, approximately 22km west of the Melbourne CBD.

This Loan is a Residual Stock facility whereby it is intended that the Loan and LVR will reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds and these funds will be returned to Investors.

The purpose of the Loan was to assist with refinance of the existing construction facility following completion of the development. The development comprised 33 double level townhouses, of which 13 have been sold. The remaining 20 form the Security for this Loan.

Each of the townhouses provides 3 bedroom accommodation with garage, and an average internal living area of 135.5m².

The development is surrounded by single and double-storey residential dwellings and is conveniently close to local amenities, educational facilities, and public transport.

The Borrower Group is an experienced residential property development company based in Melbourne. The Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.

• The Loan Amount represents 65% of the valuation of the Security Property on a GST exclusive basis (65% LVR).
• The Target Return is 8.00% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by personal and corporate guarantees and a General Security Agreement over the Borrower.
• Interest for the initial 8 months of the Loan Term has been lodged on deposit with the Manager.
• 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 12 months, subject to early or late repayment, from 22 June 2026 to 21 June 2027.

Investment Details

• Target Return

  8% 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.

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