Bondi Beach, NSW

Luxury Penthouse Apartment

The Loan is secured by first registered mortgage over a luxury penthouse apartment located in Bondi Beach, NSW, approximately 6km east of the Sydney CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Campbell Parade Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner.

The subject property is a 3 bedroom, 3 bathroom, double-storey strata-titled penthouse apartment. The apartment benefits from significant uninterrupted east facing panoramic views of Bondi Beach, Ben Buckler and South Bondi.

The director of the Borrower Group is a highly experienced real estate developer with substantial assets and a proven track record.

The Borrower Group is well known to the Manager who has previously provided a loan to the Group. The previous facility was conducted in a prompt and punctual manner and in accordance with the loan documentation.

• The Loan was advanced at a Loan to Value Ratio of 68%.
• The Target Return is 8.15% 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 and a related corporate entity.
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are collectively financially capable of supporting a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 17 April 2026 to 16 April 2027.

Investment Details

• Target Return

  8.15% net

• Loan to Value Ratio

  68%

• 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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