MacGregor, QLD

21 residential apartments - Residual Stock Loan

The Loan is secured by first registered mortgage over 21 strata titled residential units located in MacGregor, QLD, approximately 12.5km south east of the Brisbane CBD. 

The Loan is a Residual Stock facility whereby it is intended that the Loan and LVR will reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds and these funds will be returned to Investors. 

The parent complex was completed circa 2019 and comprises a total 44 units, with 21 units forming the Security for this Loan. The 21 apartments comprise a mix of 18 x 2-bedroom and three (3) x 3-bedroom units, ranging from 95m² to 126m² in total floor area.

The units are considered to be in good condition with ancillary improvements including basic landscaping and visitor carparking.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. The director of the Borrower has over 20 years of property development and investment experience.

• The Loan was advanced at a Loan to Value Ratio of 66%.
• The Target Return is 7.90% 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 Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 8 months, subject to early or late repayment, from 18 November 2025 to 17 July 2026.

Investment Details

• Target Return

  7.9% net

• Loan to Value Ratio

  66%

• Term

  8 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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