South Melbourne, VIC

Three (3) recently completed residential apartments - Residual Stock Loan

The Loan is secured by first registered mortgage over three (3) recently completed residential apartments located in South Melbourne, VIC, approximately 2.5km south west of the Melbourne CBD. 

This 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 development is a boutique project comprising four (4) apartments in total (one (1) has been sold and settled) and is surrounded by residential dwellings, low and medium-rise apartment developments and commercial use properties primarily along City Road.

The property is within 1km of the Clarendon Street retail precinct and South Melbourne Market. Recreational, lifestyle, parkland and sporting facilities are located within a 2km radius, including the waterfront of Port Phillip Bay. 

The Borrower Group is an experienced residential property development company based in Melbourne. The Borrower Group is well known to the Manager. Previous facilities have been conducted in a prompt and punctual manner. 

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 7.35% 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 initial 6 months of 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 24 March 2026 to 23 March 2027.

Investment Details

• Target Return

  7.35% net

• Loan to Value Ratio

  70%

• 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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.