Jun 13 2018Add to Favorites
Balmain Private is enabling investors to consider stand-alone investments in individual first mortgage loans, via a unique online platform.
Via Balmain Discrete Mortgage Income Trusts, investors are able to build a commercial loan portfolio by investing in individual loans of their own choice.
All loans are backed by Balmain, Australia’s largest non-bank commercial loan manager.
The entire process is conducted online, meaning you select and manage your loan via a private Investor Control Console (ICC) which provides 24/7 transaction and reporting functionality.
Investors can move money from Cash Units to their bank account and vice versa, top-up and redeem Cash Units, invest in Loan Units and track the progress of your investments easily and securely, all via the paperless system.
The first step for those wanting to invest with Balmain Private is to complete the online application form.
Once complete, investors will invest a minimum of $50,000 in Cash Units, in turn held in a CMA with an AA rated Australian bank, currently the National Australia Bank (NAB).
Following this, investors will have the ability to have a detailed look at the underlying individual first mortgage investment Sub Trusts (Loan Units), allowing them to select one, or more, that best meets their return, term and risk requirements.
Once a selection has been made, investors simply click a button enter how much
they wish to invest and the ICC moves money from your Cash Units to the Loan Units you selected - no paperwork is required.
With the emergence of the growing “fintech” space, Balmain Private allows investors to build and control their own income-producing first mortgage loan portfolio – accessible from anywhere and all online.
Home loan approvals have fallen significantly off the back of the APRA and the Royal Commission initiatives together with new Responsible Lending Criteria. The ABS recently reported that home loan approvals have fallen by 13.6% year on year and within that, investment loans have come back by c.20%
Off the back of successfully settling a $48m syndicated first mortgage for a residential apartment development in Sans Souci just weeks ago, Sydney-based real estate investment manager Centennial Property Group (CPG) opened a new fund with a focus on the industrial and logistics market, Centennial Industrial and Logistics Fund II (CIL II). The fund, available only to wholesale and private high net worth investors, opened on 1 November and was seeking to raise c. $38 million. CPG closed the fund less than two weeks later, well before the official close date, due to oversubscription.
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