Fully Invested

Rouse Hill, NSW

Recently completed residential subdivision - Residual Stock Loan

This Residual Stock Loan is secured by first registered mortgage over a recently completed 67-lot residential subdivision in Rouse Hill, NSW, approximately 36km north west of the Sydney CBD.

The Borrower has completed all physical site works and has lodged documentation with Blacktown City Council seeking linen plan approval before obtaining a registered plan of subdivision and issuance of titles. Funds for council contributions and levies have been retained from the Loan proceeds by the Manager, and will be paid to Council on registration of titles. Upon issuance of titles the completed individual lots will be sold down.

The subdivision plan will comprise 60 small lots and seven (7) large lots. Small lots will range in size between 250m² and 280m² while the large lots range in size between 1,859m² and 2,847m².

The Borrower is part of a large family owned property construction and development Group based in Western Sydney. The Group focuses mainly on first home buyers and holds real estate assets in excess of $1bn.

The Borrowing Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.

  • The Loan was advanced at a Loan to Value Ratio of 65%.
  • The Target Return is 5.95% 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 calculated as sufficient for Loan Term has been lodged on deposit with the Manager.
  • The Loan Term is 12 months, subject to early or late repayment, from 29 September 2021 to 28 September 2022.

Investment Details

  • Target Return
    5.95% net
  • Loan to Value Ratio
    65%
  • Term
    9 Months

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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