Margate, QLD

DA Approved Residential/Retail development site

The Loan is secured by first registered mortgage over three (3) contiguous lots forming a 2,430m² vacant development site with Development Application (DA) approval located in the bayside suburb of Margate, approximately 37km north east of the Brisbane CBD.

The site is zoned ‘Centre (District Centre)' under the Moreton Bay Regional Council Planning Scheme, which permits retail uses like department stores and supermarkets and medium density and multi-storey residential uses.

A DA was approved in April 2024 for a 9 storey mixed-use project containing 67 dwellings (12 x 2 bedroom, 41 x 3 bedroom, 13 x 3 bedroom + MRP) over three (3) ground level retail shops and 165 car parks at the ground level/basement car parking.

The Borrower is a Joint Venture. The Sponsors previously owned and operated a successful debt collection business which was sold in early 2025.

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 8.30% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several personal and corporate guarantees and a General Security Agreement over the Borrower and related corporate entities.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• 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 12 months, subject to early or late repayment, from 22 December 2025 to 21 December 2026.

Investment Details

• Target Return

  8.3% 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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