Wadalba, NSW

9.71ha englobo residential development site

The Loan is secured by first registered mortgage over a 9.71ha englobo residential development site located in Wadalba, NSW, approximately 5km north east of Wyong and 25km north of Gosford.

The site is zoned predominantly 'R2 Low Density Residential' under the Central Coast Local Environmental Plan (LEP) 2022. Residual sections of the site are zoned part 'C2 Environmental Conservation' and part 'C3 Environmental Management'.

The Security Property falls within the South Wadalba Urban Release Area as described by Central Coast Council.

The Borrower intends to seek development approval for a 112-lot residential subdivision on the developable 'R2' zoned land.

The Borrower is a SPV which was established over 20 years ago to acquire the development site as a rural land holding, before eventually borrowing to assist with the rezoning process.

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 28%.
• The Target Return is 8.80% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by first registered mortgage and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 4 May 2026 to 3 May 2027.

Investment Details

• Target Return

  8.8% net

• Loan to Value Ratio

  28%

• 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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