Sunbury, VIC

Permit Approved Commercial Town Centre Development Site

The Loan is secured by first registered mortgage over a 1.99ha Permit Approved commercial town centre development site approximately 34km north west of the Melbourne CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Drill Court No. 3 Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner.

The property has a Planning Permit that allows for the development of a Childcare Centre and Restricted Recreation (Gymnasium) and Associated Works, Supermarket, Retail Premises and Medical Centre.

The majority of the surrounding development comprises recently established detached residential dwellings within newly developing residential housing lot subdivisions.

The Borrower Group are experienced property developers and have completed a number of small residential and commercial developments spanning the last decade. The Borrower group is well known to the Manager who has provided multiple loans to the group. All 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 8.55% p.a., net of fees and expenses, and is paid to Investors monthly in arrears. 
• The Loan is supported by joint and several guarantees and a General Security Agreement over the Borrower. 
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 6 months, subject to early or late repayment, from 24 April 2026 to 23 October 2026.

Investment Details

• Target Return

  8.55% 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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