Open for Investment

JUST ADDED

Epping, VIC

Newly Completed Retail Property

The Loan is secured by a first registered mortgage over a recently completed retail complex comprising fourteen (14) strata title retail shops in Epping, VIC, approximately 26kms north of Melbourne’s CBD.

The purpose of the loan was to refinance a Balmain funded construction loan used to complete the Security Property. Construction has now achieved Occupancy Permit. 13 of the 14 units have been leased representing an 87% occupancy. All leases have an initial term of between 5 to 10 years which provides for a Weighted Average Lease Expiry (WALE) of 7.74 years.

The Borrower Group is an experienced property investor and developer in South-Eastern Australia. The Group mainly focuses on construction of retail and commercial developments.

Investment Details

  • Target Return (net)
    7.3%
  • Loan to Value Ratio
    67%
  • Term to Run (Mths)
    12 Mths
  • Minimum Investment
    $10,000

All Current Investments.

All loans are credit approved before being offered to investors. All target returns are net of fees.

Register for Updates

Don't miss out.

Register to receive regular updates from Balmain Private.

We won't fill your inbox and you can unsubscribe any time.