Fully Invested

Leppington, NSW

Residential Development Site

The Loan is secured by a first registered mortgage over a future residential development site located in Leppington, NSW, approximately 52km south west of the Sydney CBD and approximately 14km west of Liverpool.

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

The Security Property comprises 20,200m2 zoned 'R2 Low Density Residential', 'C4 Environmental Living', 'SP2 Infrastructure Local Drainage' and 'RE1 Public Recreation' within the Austral & Leppington North Precinct of the Western Sydney Priority Growth Area.

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 and indemnity from the Director, and a General Security Agreement over the Borrower.
  • Interest for the initial 6 months of the Loan Term was 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 12 months, subject to early or late repayment, from 16 November 2023 to 15 November 2024.

Investment Details

  • Target Return
    9.95% net
  • Loan to Value Ratio
    60%
  • Term
    6 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.