Adelaide, SA

CBD high-rise mixed-use development site

The Loan is secured by first registered mortgage over a 1,700m² CBD mixed-use, high rise development site located in Adelaide, SA and approximately 600m west of the Adelaide GPO.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Franklin Street No. 2 Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner and in accordance with loan documentation.

The Security Property  is zoned ‘Capital City’ within the City of Adelaide and is surrounded by a mix of low-level commercial / retail buildings and residential developments.

The property is within close proximity to the popular Central Market precinct which provides an array of amenities and services with a strong focus on food, retail and restaurants, further enhanced by the Chinatown and Gouger Street restaurant precincts. It is also close to tertiary institutions including University of South Australia to the north and TAFE SA to the northeast.

The subject property forms part of the ‘Balfours' site, which is a significant Adelaide CBD redevelopment site. The Borrower Group has already successfully completed 252 apartments on the 'Balfours' site.

The Borrower is a SPV formed to acquire the Security Property. The director and shareholders have substantial experience in property development and investment, having developed multiple properties across Australia in the last 20 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 65%.
• The Target Return is 8.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by an unlimited personal guarantee and a General Security Agreement over the Borrower.
• Interest for the initial 6 months of the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 13 February 2026 to 12 February 2027.

Investment Details

• Target Return

  8.45% net

• Loan to Value Ratio

  65%

• 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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