Thornhill Park, VIC
'Urban Growth' zoned land – future residential development site
The Loan is secured by first registered mortgage over an 8.088ha vacant development site located in Thornhill Park, VIC, approximately 37km west of the Melbourne CBD.
The site is zoned part 'Urban Growth Zone' and part 'Farming Zone'. It is predominantly vacant land with an established detached dwelling and ancillary shedding to the northern section of the site.
The subject property has been incorporated within the Western Growth Corridor Plan prepared by the Victorian Planning Authority (VPA) identified for residential and non-urban/utilities uses.
The land is within the Rockbank South Precinct Structure Plan (PSP) which is currently in the pre-commencement stage.
The Borrower is a joint venture between two (2) individuals with substantial net assets. The directors have substantial experience in property investment and development with combined experience in real estate investment and the development of land in Melbourne’s fringe and growth suburbs.
The Borrower Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.
- The Loan was advanced at a Loan to Value Ratio of 56%.
- The Target Return is 8.20% 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 Term of the Loan has been lodged on deposit with the Manager.
- The Loan Term is 13 months, subject to early or late repayment, from 22 April 2026 to 21 May 2027.
Investment Details
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Target Return
8.2% net -
Loan to Value Ratio
56% -
Term
13 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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