Surfers Paradise, QLD

42 x near-complete residential apartments - Residual Stock Loan

The Loan is secured by first registered mortgage over a near-complete development of 42 apartments located in Surfers Paradise, QLD, approximately 6km south of the Southport CBD and 1.3km from Surfers Paradise Beach.

The purpose of the Loan was to assist with the completion and sell-down of the Security property.

The site is zoned ‘High Density Residential’ under the Gold Coast City Plan. The surrounding environment comprises mostly of other high density residential towers.

Completion of construction of the Security Property is imminent with only finishing works remaining. The Borrower’s strategy is to settle on pre-sold apartments to reduce debt to a serviceable level and retain the rest of the apartments for rent.

The Loan is anticipated to be repaid from a refinance to a bank or similar long term lender.

The Sponsors have substantial experience in residential property development, developing several apartment towers in Sydney and on the Gold Coast since 2007.

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 66%.
• The Target Return is 8.50% 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 6 months, subject to early or late repayment, from 4 February 2026 to 3 August 2026.

Investment Details

• Target Return

  8.5% net

• Loan to Value Ratio

  66%

• Term

  6 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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