Mulgrave, VIC

17 individually titled residential lots – Residual Stock Loan

The Loan is secured by first registered mortgage over 17 recently completed, individually titled residential lots located in Mulgrave, VIC, approximately 21km south east of the Melbourne CBD.

This Loan is a Residual Stock facility whereby it is intended that the Loan and LVR will reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds and these funds will be returned to Investors.

The Security Lots have an average size of 395m², ranging from 317m² to 503m².

The property is located nearby Waverley Gardens Shopping Centre, Mulgrave Private Hospital, various primary and secondary schools and is well serviced by public transport.

The Borrower Group have significant experience in property development and investment, hold meaningful property assets in Australia and are well known to the Manager.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.45% 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 Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 29 May 2026 to 28 May 2027.

Investment Details

• Target Return

  8.45% net

• Loan to Value Ratio

  70%

• Term

  12 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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.