Caboolture, QLD
DA Approved – residential development site
The Loan is secured by first registered mortgage over a residential development site with Development Application (DA) approval for six (6) dwellings, located in Caboolture, QLD, approximately 50km north of the Brisbane CBD.
The purpose of the Loan was to assist with the acquisition of the Security Property.
The Security Property is an 809m² regular shaped site, located on the north-eastern fringe of the Caboolture City Centre. The property is currently improved by an older style dwelling with three (3) bedrooms and one (1) bathroom. The existing dwelling is considered to add little nominal value.
The site is zoned ‘General Residential (Urban Neighbourhood)’ under the Moreton Bay Regional Council Planning Scheme. Immediate surrounding development comprises generally older style detached dwellings. A DA was approved in late February 2026 for a multi dwelling development (6 dwellings).
The Borrower is a Special Purpose Vehicle (SPV) managed by two (2) experienced directors, including a construction project manager and a trade contracting business owner, who have a substantial net asset position.
- The Loan was advanced at a Loan to Value Ratio of 70%.
- 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.
- 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 19 March 2026 to 18 September 2026.
Investment Details
-
Target Return
8.5% net -
Loan to Value Ratio
70% -
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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