The Balmain Mezzanine Income Trust is a diversified income trust, deriving income primarily from loans secured by mortgages over properties used for commercial, industrial, retail, residential (non consumer credit code) and social infrastructure purposes, as well as from Mortgage Backed Securities.
The Trust is designed to provide investors that have a higher appetite for risk, higher income returns (paid monthly) and targets a returns of 4% over the 3 year UBS Bank Bill Index. The Trust aims to achieve this return by investing primarily in registered second mortgages to a maximum loan to value ratio (LVR) of 75%.
The Trust is managed by Balmain AQUA Pty Limited, a subsidiary of Balmain NB Commercial Mortgages Limited, and a part of the Balmain Funds business. The Trustee of the Trust is The Trust Company (RE Services) Limited, which is an independent and professional Trustee and a wholly owned subsidiary of The Trust Company Limited.
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Snapshot as at 18 May 2012
Balmain Base Rates are our indicative base rates for commercial property lending. A lending margin is added to these rates depending on the nature and term of the transaction.
Unit Price as at 15 May 2012
Unit prices will be posted to the website 5 business days after month end. The Investment Manager does not accept liability for the accuracy of the information provided by third parties.