Padstow & St Leonards, NSW

Two (2) light industrial warehouses and a residential investment property

The subject properties comprise two (2) industrial warehouse properties located in the established industrial precinct of Padstow, NSW approximately18km south west of the Sydney CBD, and a single level brick residence located in St Leonards, NSW, 5km north of the Sydney CBD.

The Borrower is part of a leading diversified Sydney based property developer and construction company. The Group have built and delivered over 2,000 residential apartments and have completed over $2bn of projects.

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 9.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• Interest is to be paid by the Borrower monthly in advance.
• The Manager has assessed the financial position of the Borrower and Guarantors 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 30 November 2023 to 29 November 2024.

Investment Details

• Target Return

  9.45% net

• Loan to Value Ratio

  60%

• Term

  7 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.