Berry, NSW

Future development site

The Loan is secured by first registered mortgage over a 12.895ha future residential development site in Berry, NSW, approximately 113km south of the Sydney CBD.

The Security Property is located on the western periphery of Berry, with surrounding development comprising modern residential dwellings on conventional allotments to the north and west and undeveloped rural land to the south.

Berry is a historic rural village popular for its colonial buildings and proximity to Sydney and nearby beachside township of Shoalhaven Heads. Berry provides a number of public schools, a train station, IGA supermarket, multiple cafés and retail strip shopping.

The site is zoned part ‘R2 Low Density Residential’ and part ‘RU1 Primary Production’. A Development Application (DA) was lodged in October 2022 to create 118 residential lots and one (1) drainage reserve lot across five (5) stages. The Borrower's town planner has provided written advice to confirm the application is generally consistent with stage legislation and statutory town planning provisions.

The Loan is anticipated to be repaid from refinance of the site into construction.

The Borrower Group is an experienced residential land developer, having completed a number of land subdivisions in the greater Sydney region. The developer is supported by an experienced and long-term management team.

The Borrower Group is well known to the Manager and has a strong financial position.

• The Loan was advanced at a Loan to Value Ratio of 29%.
• The Target Return is 8.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is secured by first registered mortgage, joint and several personal and corporate guarantees and a General Security Agreement over the Borrower and Corporate Guarantor.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 20 October 2023 to 19 October 2024.

Investment Details

• Target Return

  8.7% net

• Loan to Value Ratio

  29%

• Term

  5 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.

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