Fully Invested

Werribee, VIC

Rural residential property with future development potential

The Loan is secured by a first registered mortgage over an 81.52ha rural residential property with future development potential in Werribee, VIC, approximately 40km south west of the Melbourne CBD.

The Security Property is located within the Urban Growth Boundary identified within the proposed Werribee Junction Precinct Structure Plan (PSP) area that is yet to commence planning.

The Security Property is situated on 81.52ha of Farming Zone (FZ) land. The property is currently improved with an older style weatherboard dwelling, ancillary shedding, a large machinery shed and modest equine facilities.

The purpose of the Loan was to release equity to assist in the purchase of another investment property. The Security Property was owned unencumbered prior to this advance.

The Borrower Group are experienced business owners and property investors who hold a significant property portfolio.

The Borrower Group intend to hold the Security Property until re-zoning is achieved.

  • The Loan was advanced at a Loan to Value Ratio of 56%.
  • The Target Return is 6.85% 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 Loan Term is 12 months, subject to early or late repayment, from 19 April 2021 to 18 April 2022.

Investment Details

  • Target Return
    6.85% net
  • Loan to Value Ratio
    56%
  • Term
    11 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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