Point Piper, NSW
The Loan is secured by first registered mortgage over a 3 bedroom residential apartment in Point Piper, NSW, approximately 6km east of Sydney’s CBD.
The Security Property is a ground floor apartment with 178m² of living area featuring 3 bedrooms, 2 bathrooms, rear courtyard, single lock-up garage and 3 storage areas.
The Security Property is located in the established and affluent eastern Sydney suburb of Point Piper. Nearby are the established Double Bay and Rose Bay retail precincts.
The Borrower Group operates a successful property development business.
- The Loan was advanced at a Loan to Value Ratio of 65%.
- The Target Return is 6.95% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by personal and corporate guarantees and a General Security Agreement over the Borrower.
- Interest for the initial 6 months of the Loan Term has been lodged on deposit.
- The Loan Term is 12 months, subject to early or late repayment, from 19 March 2021 to 18 March 2022.
Target Return6.95% net
Loan to Value Ratio65%
Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.
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