Oldbury, WA

285ha of rural zoned land identified as under Planning Investigation

The Loan is secured by first registered mortgage over nine (9) contiguous allotments located in Oldbury, WA, approximately 36km south of the Perth CBD.

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

The site is identified as Planning Investigation under the South Metropolitan Peel Sub-Regional Planning Framework. A draft District Structure Plan (DSP) Concept Plan indicates that the majority of the site is intended for 'Residential' development with centrally located areas designated for 'Conservation Category Wetland' and 'Public Open Space'.

The Borrower is an SPV established to purchase the Security Property. The directors have substantial experience in commercial property investment and development, having completed thousands of units across QLD, NSW, VIC & SA.

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 31%.
• The Target Return is 8.25% 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.
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 24 months, subject to early or late repayment, from 11 June 2026 to 10 June 2028.

Investment Details

• Target Return

  8.25% net

• Loan to Value Ratio

  31%

• Term

  24 Months

• Minimum Initial Investment

  $10,000

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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