Mickleham, VIC

Two (2) recently completed industrial office/warehouse units – Residual Stock Loan

The Loan is secured by first registered mortgage over two (2) completed industrial office/warehouse units located in Mickleham, VIC, approximately 30km north of the Melbourne CBD.

The Loan is a Residual Stock facility whereby it is intended the Loan and LVR will reduce during the Loan Term from sales of the Security Properties.

The Security Properties form part of a 26-unit development situated within the parent site at Merrifield Business Park—Victoria’s largest planned business and employment precinct.

The individual units each provide a first floor office component and a clear span warehouse with adjoining amenities, with access from a common driveway.

The Borrower Group is an experienced Melbourne based property development company that specialises in residential and industrial developments across Melbourne’s growth corridors.

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 8.35% 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 9 months, subject to early or late repayment, from 30 June 2026 to 29 March 2027.

Investment Details

• Target Return

  8.35% net

• Loan to Value Ratio

  70%

• Term

  9 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.