Casey, Red Hill & Palmerston, ACT

Four (4) Residential Dwellings

The Loan is secured by first registered mortgage over four (4) residential properties located in Casey, Red Hill & Palmerston, ACT.

The Security Properties are in proximity to public transport, education services, parks and recreation and retail amenities.

The Borrower entity is a Special Purpose Vehicle (SPV). The Borrower Group has over 30 years' experience in residential and commercial property investment and development in the Canberra region.

The Borrower Group is well known to the Manager who has provided multiple loans to the group. All facilities have been conducted in a prompt and punctual manner

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 9.70% 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 and related corporate entities.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 8 months, subject to early or late repayment, from 20 March 2024 to 19 November 2024

Investment Details

• Target Return

  9.7% net

• Loan to Value Ratio

  65%

• Term

  6 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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