Rouse Hill, NSW

Residential development site

The Loan is secured by first registered mortgage over a 4,032m² residential development site located in Rouse Hill, NSW, approximately 46km north west of the Sydney CBD.

The purpose of the Loan was to provide funding to assist with the pre-development of the subject.

The Borrower has lodged a DA to subdivide the land into 14 allotments ranging from 280m² to 309m². They expect to receive formal consent by the end of 2023.

Extensive infrastructure investment by both the Blacktown Council and the NSW Government is set to enhance the subject site, encompassing upgrades to key arterial roads (such as the Hambledon Road extension, Guntawong Road, and Tallawong Road), alongside the development of local and regional parks (including Rouse Hill Regional Park) and the creation of multiple reserves and sports facilities along Tallawong Road and its vicinity.

The subject is well located near all necessary services and amenities. Rouse Hill Town Centre and Schofields Shopping village provide multiple retail amenities and are only a 9min drive away and Tallawong Station is only 1.5km away. Furthermore, multiple schools are in proximity including Rouse Hill Anglican Collage, and several additional educational institutions are expected to be delivered in the future.

The Borrower is a nationally integrated residential property developer and wholesale homebuilder that is recognised as one of Australia’s leading residential property developers. They have developed more than 2,000 apartments, over 2,000 land lots and 3,000 homes.

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 65%.
• The Target Return is 8.95% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a corporate guarantee, and a General Security Agreement over the Borrower.
• Interest is to be paid by the Borrower monthly in advance. 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 8 August 2023 to 7 August 2024.

Investment Details

• Target Return

  8.95% net

• Loan to Value Ratio

  65%

• Term

  3 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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