Labrador, QLD

Seven (7) Residential Dwellings – Residual Stock Loan

The Loan is secured by first registered mortgage over seven (7) recently completed freestanding strata titled dwellings located in Labrador, QLD approximately 5km north of the Southport CBD.

This Loan is a Residual Stock facility whereby 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.

Each completed dwelling has a four (4) bedroom, two (2) bathroom layout with indoor and outdoor living areas as well as a double garage or double car port. Ancillary improvements include concrete driveways, boundary fences and in-ground pools.

The Security Properties are located approximately 200m south of an access point to the Gold Coast Highway and 500m west of the Gold Coast Broadwater. Adjacent to the properties is a public parkland with a children’s play area and tennis court.

The Borrower Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner. The Director has over 20 years’ experience in residential property investment and development.

• The Loan was advanced at a Loan to Value Ratio of 61%.
• The Target Return is 7.20% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by joint and several personal guarantees and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 6 months, subject to early or late repayment, from 4 June 2024 to 3 December 2024

Investment Details

• Target Return

  7.2% net

• Loan to Value Ratio

  61%

• Term

  2 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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