Fully Invested

Marysville, VIC

141ha Rural Lifestyle Property

The Loan is secured by a first registered mortgage over a rural property located 4km north of the Marysville centre in the regional district of Marysville, VIC, approximately 101km north east of the Melbourne CBD.

The Security Property has a land area of 141ha and is improved with an 1880's weatherboard cottage featuring three (3) bedrooms, a large machinery shed, and a hay shed.

The purpose of the Loan was to release capital against the Security Property to assist with a residential subdivision project also in Marysville VIC. The Borrower has engaged a professional and experienced Project Manager to deliver the project. The Security Property was unencumbered at the time of making the Loan.

The Guarantors are successful entrepreneurs who have had various business interests from accounting firm to hotels and serviced apartments to cattle breeding. They also hold substantial net assets.

  • The Loan was advanced at a Loan to Value Ratio of 47%.
  • The Target Return is 6.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by Directors’ Guarantees and a General Security Agreement over the Borrower.
  • Interest for the Term of the Loan has been lodged on deposit with the Manager.
  • The Loan Term is 12 months, subject to early or late repayment, from 29 July 2022 to 28 July 2023.

Investment Details

  • Target Return
    6.45% net
  • Loan to Value Ratio
  • 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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