Crookwell, NSW

Residential development site with DA pending

The Loan is secured by first registered mortgage over a 6.957ha residential development site with DA pending located in Crookwell, NSW, approximately 175km south west of the Sydney CBD.

The Security Property forms stage 5 of a Borrower owned estate. The site is zoned ‘R2 Low Density Residential’ under the Upper Lachlan Local Environmental Plan 2010. The surrounding development comprises vacant residential land together with large rural/residential land holdings.

A Development Application (DA) was lodged with Council for subdivision of the property into 50 residential lots ranging from 1,000m² to 2,150m².

The Director has substantial net assets and is highly experienced in property investment and development. They have developed over 1,000 lots in residential subdivision projects and delivered multiple house and land package projects throughout south western Sydney.

• The Loan was advanced at a Loan to Value Ratio of 60%.
• 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 a personal guarantee and a General Security Agreement over the Borrower.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 10 June 2025 to 9 June 2026.

Investment Details

• Target Return

  8.7% net

• Loan to Value Ratio

  60%

• Term

  12 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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