Fully Invested

Killcare Heights, NSW

Residential Dwelling

The Loan is secured by first registered mortgage over a recently completed double storey residential dwelling located in Killcare Heights, NSW, approximately 101km north of the Sydney CBD and 20km south east from Gosford.

The purpose of the Loan was to refinance a small first mortgage and release capital to the Borrower for investment purposes.

The Security Property comprises a circa 2023 built double storey freestanding residential dwelling, featuring four (4) bedrooms, four (4) bathrooms, an inground pool and off-street parking for two (2) cars. It backs onto Bouddi National Park and offers uninterrupted ocean and coastal views.

The Borrowers are part of a substantial family group who have had several property development and investment projects as well as other business interests in the last 20 years.

The Borrower Group are experienced property investors and developers based in Melbourne. The Borrower Group generates substantial income through its real estate holdings as well as holding substantial net assets.

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 70%.
  • The Target Return is 8.10% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by joint and several personal guarantees.
  • 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 24 months, subject to early or late repayment, from 21 May 2024 to 20 May 2026.

Investment Details

  • Target Return
    8.1% net
  • Loan to Value Ratio
    70%
  • Term
    23 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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