Open for Investment
Concept Approved Residential Development
The Loan is secured by way of first registered mortgage over a 11.43 ha residential development site. The property has Concept Plan approval for 20 lots consisting of 15 residential superlots on the R3 zoned component with a maximum yield of 390 residences, 2 mixed use (retail, office, residential) superlots on the B2 zoned component.
The property is located in Caddens, NSW, 50km west of Sydney's CBD and is adjacent to Nepean TAFE and well positioned to the University of Western Sydney campus sites.
The Borrower contributed in excess of $29.2m from their own cash reserves towards the purchase including acquisition costs and early development costs. The Borrower is part of an international real estate group focused on property development, funds management and asset management, with offices in Singapore, Australia, USA and China.
The purpose of the Loan was to assist with the acquisition of the Security Properties at Caddens, NSW for future development.
Target Return (net)8.05%
Loan to Value Ratio46%
Term to Run (Mths)11 Mths
All Current Investments.
All loans are credit approved before being offered to investors. All target returns are net of fees.
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