Jesmond & Wagga Wagga, NSW

Two (2) DA approved residential development sites

The Loan is secured by first registered mortgage over two (2) adjacent individually titled residential dwellings with DA approval for a 53 unit co-living development located in Jesmond, NSW, approximately 13km north west of the Newcastle CBD, and two (2) adjacent individually titled residential dwellings with DA approval for a 50 unit co-living development located in Wagga Wagga, NSW, approximately 200km west of the Canberra CBD & 380km south west of the Sydney CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Edward Street Sub-Trust.

The Borrower is a SPV created for the purchase and development of Security Property. The Borrower is an experienced commercial property investor and developer, with over 20 years of experience in corporate property development specialising in acquisitions.

• The Loan was advanced at a Loan to Value Ratio of 55%.
• The Target Return is 8.05% 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.
• Interest for the full Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 3 November 2025 to 2 November 2026.

Investment Details

• Target Return

  8.05% net

• Loan to Value Ratio

  55%

• 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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