Bella Vista, NSW

DA Approved Transport Oriented (TOD) Residential Development Site (SSDA pending)

The Loan is secured by first registered mortgage over a DA approved residential development site (SSDA pending) located in Bella Vista, NSW, approximately 37km north west of the Sydney CBD and approximately 13km north of the Paramatta CBD.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Memorial Avenue No. 2 Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner and in accordance with loan documentation.

The Security property is DA approved, however due to a recent increase in Building Height & Floor Space Ratio limits for the Security Property, the approved DA is no longer considered the highest and best use of the site. A State Significant Development Application (SSDA) was lodged for the subdivision of the site including civil works and the construction of a residential complex over two (2) stages comprising 444 home units over two (2) levels of basement.

The Borrower is an SPV of a Development Fund that specialises in land subdivisions and House & Land packages in north western Sydney. The directors have a proven track record in property investment and development, with over 15 years of experience. 

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 and in accordance with the loan documentation. 

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.30% 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 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 a loan of this nature.
• The Loan Term is 15 months, subject to early or late repayment, from 21 January 2026 to 20 April 2027.

Investment Details

• Target Return

  8.3% net

• Loan to Value Ratio

  70%

• Term

  15 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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