Leppington, NSW

Two (2) residential development sites - DA lodged and pending approval

The Loan is secured by first registered mortgage over two (2) residential development sites located in Leppington, NSW, approximately 50km south west of the Sydney CBD and approximately 15km west of Liverpool.

The purpose of the Loan was to assist with the acquisition of the Heath Road property and refinance the Camden Valley Way property.

The Heath Road property is a 25,190m² allotment of land with a Development Application (DA) lodged and pending approval for 11 'R2 Low Density Residential' zoned lots, 51 'R3 Medium Density Residential' zoned lots and 542m² of 'SP2 Local Drainage' zoned land. The property is situated approximately 4.2km from Leppington Train Station, and also benefits from available bus services along Camden Valley Way.

The Camden Valley Way property encompasses 23,360m² of land, with 844m² designated as 'SP2' zoning. This parcel has a DA lodged and pending approval for 30 'R2' zoned lots along with six (6) 'R3' zoned lots. The property is situated approximately 5.9km to the north of Leppington Train Station with bus services available along Edmondson Avenue immediately to the west.

The Borrower Group is a substantial and successful residential land developer with over 25 years’ experience in land subdivisions in the western suburbs of Sydney.

The Borrower Group has completed multiple residential subdivisions in and around Leppington and Austral, NSW.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 60%.
• The Target Return is 9.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a Director's guarantee and a General Security Agreement over the Borrower.
• Interest for the initial 6 months of the Loan Term has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantor and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 20 June 2023 to 19 June 2024.

Investment Details

• Target Return

  9.7% net

• Loan to Value Ratio

  60%

• 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.

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