Baulkham Hills, NSW

Residential dwelling with future development potential

The Loan is secured by first registered mortgage over a 778m² single storey dwelling located in Baulkham Hills, NSW, approximately 34km north west of the Sydney CBD.

Baulkham Hills is an established and developing residential suburb in Sydney’s north-west within the Municipality of The Hills Shire Council.

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

The subject is currently improved by a circa 1965 built single storey dwelling comprising four (4) bedrooms, two (2) bathrooms and a single lock-up garage.The Borrower plans to obtain Development Approval (DA) for the construction of a triplex with the intention of selling it upon completion. 

The Director is an experienced property developer who has previously completed several apartment projects in Merrylands, Wentworthville, and Westmead, as well as townhouses in St Ives.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several personal and corporate guarantees.
• Interest for the initial 3 months of the Loan Term 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 6 months, subject to early or late repayment, from 22 March 2024 to 21 September 2024.

Investment Details

• Target Return

  8.7% net

• Loan to Value Ratio

  70%

• Term

  4 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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