Leppington, NSW

DA approved residential development site

The Loan is secured by a first registered mortgage over a 1.986ha DA approved residential development site located in Leppington, NSW, approximately 49km south west of the Sydney CBD by road.

The purpose of the Loan was to assist with the acquisition of the Security Property.

The Borrower has gained development consent allowing for a residential subdivision development. The Development will comprise 35 torrens title lots and two (2) residue lots zoned 'SP2 infrastructure'.

Leppington is currently undergoing a major transformation into a higher density residential suburb. 

The Security Property is conveniently located near numerous services and amenities. Willowdale Shopping centre is located to the south east and multiple recreational areas such as Leppington Oval, Willowdale Park and Jamboree Park are within close proximity. Multiple educational institutions are also within proximity.

The subject property is well serviced by public transport with Leppington Railway Station approximately 2km north east and Ingleburn Road & Dickson Road bus stops located directly outside. Moreover, the currently under construction Western Sydney International Airport is located 18km north west.

The Borrower is well known to the Manager and previous loans have been conducted in a prompt and punctual manner. They are 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 and has a development pipeline valued at $1.5bn.

• The Loan was advanced at a Loan to Value Ratio of 60%.
• 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 as part of its credit approval process 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 4 August 2023 to 3 August 2024

Investment Details

• Target Return

  8.95% net

• Loan to Value Ratio

  60%

• 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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