Epping, NSW

Multi tenanted commercial property

The Security is a multi-tenanted commercial property located opposite Epping Railway Station in the Epping Town Centre. The Epping Town Centre is a NSW Government Urban Activation Precinct and was recently rezoned to allow the development of high rise residential within 400 meters of Epping Railway Station.

The Security Properties were acquired for $36.6m with $24.3m of Borrower equity being committed to the acquisition.  The purpose of the advance is to assist the Borrower to achieve DA approval and pre-marketing for a major residential development.

The Security Properties were valued on an "as is" basis. The Loan was advanced at a Loan to Value Ratio of 44%.

• The Target Return is 7.55% p.a., net of fees and expensesm abd is paid to Investors monthly.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• The Loan Term is 12 months, subject to early or late repayment, from 14 November 2017 to 13 November 2018.

Investment Details

• Target Return

  7.55% net

• Loan to Value Ratio

  44%

• Term

  0 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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