Austral, NSW

R2 Low Density Residential development site

The Loan is secured by first registered mortgage over two (2) adjoining residential lots, with development potential, located in Austral, NSW, approximately 60km south west of the Sydney CBD and approximately 15km west of Liverpool.

 The subject site is within the Austral and Leppington North Precinct of the Western Sydney Priority growth area and comprises two (2) lots zoned ‘R2 Low Density Residential’ under the State Environmental Planning Policy 2006.

The lots have a total site area of 2.602ha, with lot sizes of 1.388ha and 1.214ha respectively.

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 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 9.95% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by an unlimited guarantee & indemnity 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 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 16 months, subject to early or late repayment, from 13 November 2023 to 12 March 2025.

Investment Details

• Target Return

  9.95% net

• Loan to Value Ratio

  60%

• Term

  10 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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