Mar 20 2018Add to Favorites
More private investors will have access to individual, first mortgage secured loans, which produce a monthly income, via an online platform launched by Balmain Private.
The loans are backed by commercial real estate that has already been credit approved and settled by Balmain, Australia’s largest non-bank commercial loan manager.
Balmain Discrete Mortgage Income Trusts will enable investment in the loans, which are fixed term, the Trust requires a minimum investment of $50,000 from which investments in individual mortgages can be made for $10,000. Terms range from a few months up to three years.
The Trust structure allows investors to create their own portfolio of discrete first mortgage commercial loans, either directly, or via their Self-Managed Super Fund (SMSF) or financial adviser, by selecting one or more loans that suit their individual needs, in terms of risk, returns and terms.
Individual loans are diverse in all aspects, offering returns ranging from 5.6 per cent p.a to 11.2 per cent p.a, with the average net return from loans settled and repaid so far sitting at 7.86 per cent p.a.
Of those loans, 46 per cent have exceeded their Target Rate of Return, while the remainder met theirs.
Making this offer unique is that it’s delivered online, allowing investors to choose their investments and terms, and manage their portfolio via an investor or advisor control console.
This means investors can transact at their convenience via the paperless system, which provides daily reporting, regular updates and complete details of capital movements, including income distributions.
The type of assets are all commercial loans and security has so far included commercial offices, industrial, retail, residential and land, located in Queensland, New South Wales, Victoria and the ACT, with new loans being added regularly.
I recently walked past an installation marketing my favourite champagne, Veuve Clicquot. Aside from loving the champagne, I love the story behind the brand. 27-year-old Barbe-Nicole Clicquot was the first woman in history to run a champagne house, and who in 1866 bought sales from 8000 bottles a year, to over 750,000 bottles.
The apartments at Shoreline are crafted to represent an extension of the ocean, welcoming cool breezes, stunning sights and sunshine into the home. Open, airy and full of light, the interiors are in tune with the suburb and its residents? affinity for nature and the outdoor world.
Only minutes from the city, these one, two and three bedroom homes feature generously proportioned floorplans styled by a clean-lined and contemporary design.
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.SIGN UP HERE >