Logan Village, QLD and Parramatta, Silverdale & Ultimo, NSW

Multiple Security Properties

The Loan is secured by first registered mortgage against a shopping centre located in Logan Village, QLD, a commercial building located in Parramatta, NSW, a rural property located in Silverdale, NSW, as well as two (2) penthouse apartments, three (3) retail units & three (3) car parks located in Ultimo, NSW.

The Logan Village property is a fully leased, enclosed, single level neighbourhood centre, anchored by a Woolworths, and includes three (3) specialty shops, one (1) freestanding tenancy, and one (1) ATM site. The centre also features a rooftop solar energy installation and at-grade parking for 213 vehicles.

The Parramatta property is a circa 1987 commercial building that has been refurbished to provide a good standard of office accommodation across four (4) levels, with upper and lower ground-level parking for 36 vehicles.

The Silverdale property is currently improved by a circa 1970's single storey residential dwelling, along with ancillary improvements including an inground pool, stable row, workshop shed, two (2) grain silos, and a deer handling yard.

The Ultimo residential and commercial units form part of a circa 2011 mixed-use building comprising 16 levels. The parent property includes retail suites, 149 residential apartments, and four (4) levels of basement car parking.

The Borrower is a SPV of a well established property development group. The Director has substantial experience in property investment and development, developing multiple properties across a range of sectors over the last 30 years.

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 64%.
• The Target Return is 8.60% 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 and related corporate entities.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 18 months, subject to early or late repayment, from 17 April 2025 to 16 October 2026.

Investment Details

• Target Return

  8.6% net

• Loan to Value Ratio

  64%

• 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.

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