Open for Investment
Enterprise Zoned Land
The Loan is secured by a first registered mortgage over a 31.79ha Enterprise Zoned Land located in the Western Sydney suburb of Luddenham, NSW, within 3kms of the new Western Sydney Airport, approximately 48kms west of the Sydney CBD.
The Security Property is situated within the designated Western Sydney Aerotropolis which comprises the land surrounding the future Western Sydney Airport. The Property was recently rezoned to Enterprise (ENT) and Environment and Recreation (ENZ).
The purpose of the Loan was to assist in the purchase of the Security Property. The Borrower optioned the purchase in October 2017 prior to a recent rezoning.
The Borrower Group is an established local property developer specialising in residential land subdivisions mainly focusing on north-west Sydney. The Group is well known to the Manager.
The Borrower intends to market and sell the Security Property throughout the Loan Term.
Target Return (P.A. net)6.85%
Loan to Value Ratio49%
Term to Run (Mths)16 Mths
Minimum Initial Investment$10,000
All Current Investments.
All loans are credit approved before being offered to investors. All target returns are net of fees.
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