Fully Invested

Rouse Hill, NSW

DA approved residential development site

The Loan is secured by first registered mortgage over a 16,720m² DA approved residential development site located in Rouse Hill, NSW, approximately 43km north west of the Sydney CBD.

The purpose of the Loan was to refinance the existing Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as The Ponds Boulevard No. 3 Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner and in accordance with loan documentation.

The Borrower Group is a substantial and successful property development and investment group located in Sydney who have completed significant developments in recent years. The Group is related to a major property development organisation in Guangdong, China.

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 9.00% 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 for the initial 6 months of the Loan Term has been lodged on deposit with the Manager.
  • The Loan Term is 12 months, subject to early or late repayment, 4 March 2024 to 3 March 2025.

Investment Details

  • Target Return
    9% net
  • Loan to Value Ratio
    60%
  • Term
    8 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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