Tarneit, VIC

'Urban Growth' Zoned Mixed Use Development Site

The Loan is secured by first registered mortgage over 5.511ha of englobo land zoned 'Urban Growth' in Tarneit, VIC, approximately 26km west of the Melbourne CBD.

The purpose of the Loan was to assist with the acquisition of the Security Property.

The property is within the approved Tarneit North Precinct Structure Plan (PSP) and is earmarked for residential subdivision. Based on the PSP and the Subdivision Concept Plan, the subject land will deliver 54 residential lots, one (1) super lot, a mixed-use precinct and an arterial road.  A Development Application has been lodged with Wyndham City Council to this effect.

The property is located near key amenities, including shopping, schools, the proposed Tarneit Major Town Centre and Tarneit Train Station.

The Borrower Group is an experienced property investor and developer who is well known to the Manager.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.85% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several personal and corporate guarantees and a General Security Agreement over the Borrower.
• Interest for the initial 12 months of the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 24 months, subject to early or late repayment, from 20 December 2024 to 19 December 2026.

Investment Details

• Target Return

  8.85% net

• Loan to Value Ratio

  65%

• Term

  24 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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