Leppington, NSW

Residential development site

The Loan is secured by first registered mortgage over a 20,230m² proposed residential development site located in Leppington, NSW, approximately 50km south west of the Sydney CBD and approximately 14 km south west of Liverpool.

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

The subject forms part of the Leppington Release Area Stage 3 within the Western Sydney Priority Growth Area and the Local Government Area of Camden. Stages 2 & 5 of the Leppington release land have already been gazetted for rezoning. The valuer notes that the highest and best use of the subject property is considered to be as a residential subdivision development site.

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 9.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is secured by first registered mortgage, unlimited guarantee and 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 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 2 November 2023 to 1 March 2025.

Investment Details

• Target Return

  9.7% 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.

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