Tullamarine, VIC
313m² vacant residential land
The Loan is secured by first registered mortgage over a 313m² vacant residential site located in Tullamarine, VIC, approximately 20km north west of the Melbourne CBD.
The purpose of the Loan was to assist with the acquisition of the Security Property.
The Borrower intends to redevelop the site into a single level dwelling for Specialist Disability Accommodation (SDA) purposes.
A head lease has been executed with a reputable provider registered under the National Disability Insurance Scheme (NDIS).
The Borrower is an experienced Melbourne based property developer with over 200 residential dwellings delivered across multiple projects.
- The Loan was advanced at a Loan to Value Ratio of 68%.
- The Target Return is 7.50% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by a director’s guarantee and a General Security Agreement over the Borrower.
- Interest for the Loan Term has been lodged on deposit with the Manager.
- The Loan Term is 6 months, subject to early or late repayment, from 26 February 2026 to 25 August 2026.
Investment Details
-
Target Return
7.5% net -
Loan to Value Ratio
68% -
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.
Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.