Seaforth, NSW

Waterfront reserve residential property

The Property is a newly architecturally designed, free-standing single level residential dwelling, overlooking Middle Harbour in Sydney with five (5) bedrooms, five (5) bathrooms and a 3-car carport. The property is located in Seaforth approximately 12km north east of the Sydney CBD.

Seaforth forms a tightly held residential location which benefits from accessibility to public transport via regular bus services, together with significant local retail amenities including Seaforth strip retail located along Manly Road.

The property is surrounded by a mix of older and modern style residential dwellings and is located near several educational institutions, including Seaforth Public School, Balgowlah North Public School, Balgowlah Heights Public School and Manly Vale Public School whilst also being close to the TAFE NSW Northern Beaches campus.

The property has been recently renovated to a high standard and presents in near new condition.

The Borrower is a SPV owned by the Guarantor. The Director owns multiple properties across the globe and has significant personal income.

The Borrower 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 56%.
• The Target Return is 8.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are collectively financially capable of supporting a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 1 June 2023 to 31 May 2024.

Investment Details

• Target Return

  8.7% net

• Loan to Value Ratio

  56%

• Term

  1 Month

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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.