07 June 2013
Each quarter you receive a Compulsory Redemption, which is 4% of your account balance as at 15 February 2010. We are writing to advise that the upcoming June Compulsory Redemption payment will be less than the amount you usually receive by approximately 17%. This is because we have had to make provisions on pre- GFC loans in the Trust where the Manager is mortgagee in possession, as we no longer believe we will recover the full amount upon repayment of the loans and accounting standards require us to bring these to account.
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Snapshot as at
07 December 2021
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.
Disclaimer: While all reasonable care has been taken in the preparation of this information, Balmain take no responsibility for any actions taken based on information contained herein or for any errors or omissions. Interested parties should seek independent advice prior to acting on any information presented.