South Gundagai, NSW & Phillip, ACT
Mixed-use future development site and 1 bedroom residential unit
The Loan is secured by first registered mortgage over a mixed-use future development site located in South Gundagai, NSW, approximately 3.8km south of the Gundagai CBD and a 1 bedroom residential unit located in Phillip, ACT, approximately 10km south west of the Canberra CBD.
The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Mount Street Sub-Trust. The Borrower conducted the previous Sub-Trust in a prompt and punctual manner and in accordance with the loan documentation.
The South Gundagai Security Property comprises a single consolidated allotment, with a total site area of 4,084m², zoned ‘MU1 – Mixed Use’ under the Cootamundra Gundagai Regional Council local authority.
The Phillip Security Property comprises a recently refurbished 1 bedroom, 1 bathroom residential unit with 64m² of living area, 9m² of outdoor area and a 12m² basement car park.
The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process and is satisfied that they are collectively financially capable to service a loan of this nature.
- The Loan was advanced at a Loan to Value Ratio of 38%.
- The Target Return is 8.95% 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.
- The Loan Term is 12 months, subject to early or late repayment, from 21 January 2026 to 20 January 2027.
Investment Details
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Target Return
8.95% net -
Loan to Value Ratio
38% -
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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