Paynesville & Eagle Point, VIC

Vacant land within the Paynesville Growth Area Structure Plan (SP)

The Loan is secured by first registered mortgage over two (2) adjoining vacant land parcels extending to 51.79ha, located in Paynesville and Eagle Point, VIC, approximately 280km east of the Melbourne CBD within the Gippsland Lakes region.

The land is on the western boundary of the Paynesville township. It lies within the Paynesville Growth Area Structure Plan (SP), which has been adopted by Council and awaits formal incorporation into the Planning Scheme.

The Borrower Group has extensive expertise in land subdivision, having completed multiple large developments throughout Australia‘s eastern states.

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 50%.
• The Target Return is 8.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several personal and corporate guarantees and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 18 months, subject to early or late repayment, from 20 December 2024 to 19 June 2026.

Investment Details

• Target Return

  8.7% net

• Loan to Value Ratio

  50%

• Term

  18 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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.