Lilydale, VIC

Permit Approved Residential Development Site

The Loan is secured by first registered mortgage over a 963m² permit approved residential development site located in Lilydale, VIC, approximately 37km east of the Melbourne CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Rouke Street Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner. 

A planning permit for eight (8) residential dwellings, comprising six (6) 3-level townhouses and two (2) 2-level townhouses was approved.

The subject site is well serviced by public transport, with local bus services operating within approximately 600m, and Lilydale Railway Station located around 750m to the east.

The Borrower Group has completed a number of successful townhouse development projects across Melbourne, owns a successful garment wholesaling business and holds significant net property assets.

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 8.20% 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. 
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature. 
• The Loan Term is 8 months, subject to early or late repayment, from 4 July 2025 to 3 March 2026.  

Investment Details

• Target Return

  8.2% net

• Loan to Value Ratio

  65%

• Term

  11 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.