Oct 08 2018Add to Favorites
Investors via Balmain Private’s digital platform have rushed to a recently offered Trinity Point Drive investment, with the investment fully subscribed within 4 hours of being listed on the platform.
The investment forecasts a 9.15% annual return for a term of 18 months with a Loan to Value ratio (LVR) of 43%, with distributions paid monthly.
The $700 billion in Australian Self-Managed Superannuation Funds (SMSF) is increasingly limited for choice when it comes to property and real estate investment exposure. Major banks such as Westpac and Commonwealth Bank have recently announced lending restrictions to SMSF’s for property in the wake of the ongoing APRA lending restrictions and Royal Commission.
“124 investors took up the $6million syndicated offering at Trinity Point Drive at a minimum investment of $10,000’. Says Balmain’s Head of Distribution Tom Sherston. “We find this entry amount offers investors via the Balmain Private Platform opportunity to enjoy good diversification.”
“Once investors have opened an account on line via the on-line Balmain Private platform they are free to choose the range of high-quality investments on the platform, with frequent new investment deals loaded to the platform”.
The Trinity Point estate is a 190 lot residential subdivision encompassing 23 hectares located on Bluff Point in Morisset. Once fully complete, the master plan estate will comprise of a 188 berth marina (completed), 250 residential apartments, a 200 seat restaurant and bar, café and a 65 room 5 star hotel.
The estate has been developed over 10 stages, with Stages 1 - 4 completed and sold pre-GFC and Stages 5 - 10 progressively completed over the last 18 months.
The Borrower Group is one of the largest private residential land developers in NSW controlling 2,500 lots with government approval in varying stage of completion.
“We are confident in the long-term residential outlook in Australia based on growth and migration levels”.
Qualitas' first "pure property debt" listed investment trust, the Qualitas Real Estate Income has raised another $35 million in funds to issue more commercial loans.
Commercial property isn’t a pure income asset class like cash or fixed interest but it has a few advantages over other forms of income-based investing, starting with the yield. Right now, the APN AREIT Fund, for example, offers a distribution yield of 6.08%, paid monthly.
The Centennial Industrial and Logistics (CIL) launches its latest Enhanced Value fund will follow on from the success of the CIL I and CIL II funds which currently own 6 industrial and logistics properties across Brisbane and Melbourne totalling around $90 million in value.
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