Preston, VIC

Residential Development Site – Permit approval pending

The Loan is secured by first registered mortgage over a future townhouse development site located in Preston, VIC, approximately 9km north east of the Melbourne CBD.

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

The surrounding environment comprises a mix of multi-unit townhouse developments and single dwellings on similar sized lots.

A Planning Permit application was lodged with council in 2025 for the development of six (6) double-storey townhouses and is still under consideration by the Local Planning Authority.

The Borrower Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 7.85% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by several guarantees and a General Security Agreement over the Borrower.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 23 September 2025 to 22 September 2026.

Investment Details

• Target Return

  7.85% net

• Loan to Value Ratio

  70%

• Term

  12 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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