Leppington, NSW

DA approved residential development site

The Loan is secured by first registered mortgage over a DA approved 2.023ha rural residential property in Leppington, NSW, approximately 49km south west of the Sydney CBD.

The property is zoned ‘R2 Low Density Residential’ and 'RE1 Public Recreation', and is well located within the Leppington Precinct of the South West Growth Area within proximity to existing public transport, amenities and major transport nodes.

The Borrower holds a DA approval from Camden Council for a 25 lot residential subdivision, a 120 place childcare centre and one (1) large public reserve lot. The proposed residential lots will range in size from 370m² to 556m², with the childcare centre site of 1,444m² and public reserve lot of 3,490m².

The Borrower is part of a family owned property development group who focus primarily on land subdivision projects within Sydney’s growth centres.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 9.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by personal and corporate guarantees and a General Security Agreement over the Borrower.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process and is satisfied that they are financially capable to service (pay interest) a loan of this nature.
• The Loan Term is 5 months, subject to early or late repayment, from 21 November 2023 to 20 April 2024.

Investment Details

• Target Return

  9.7% net

• Loan to Value Ratio

  65%

• Term

  1 Month

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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