Box Hill, NSW

14 completed residential townhouses and a DA approved residential development site - Residual Stock Loan

The Loan is secured by first registered mortgage over 14 completed residential townhouses and a DA approved residential development site located in Box Hill, NSW approximately 47km north west of the Sydney CBD.

This Loan is a Residual Stock facility whereby it is intended that the Loan and LVR will reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds and these funds will be returned to Investors.

The 14 completed townhouses form part of a recently completed residential development and comprise 11 x 3-bedroom and three (3) x 4-bedroom dwellings.

The 13,100m² residual lot is a residential development site with DA approval for a residential flat building comprising 258 residential units and 361 car spaces.

The Borrower is an experienced residential property developer with an established track record in residential development and investment.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.25% 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.
• The Manager has assessed the financial position of the Borrower and Guarantor and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 19 June 2026 to 18 June 2027.

Investment Details

• Target Return

  8.25% net

• Loan to Value Ratio

  70%

• Term

  12 Months

• Minimum Initial Investment

  $10,000

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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