Open for Investment

JUST ADDED

Caddens, NSW

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.

Investment Details

  • Target Return (net)
    8.05%
  • Loan to Value Ratio
    46%
  • Term to Run (Mths)
    11 Mths
  • Minimum Investment
    $10,000

All Current Investments.

All loans are credit approved before being offered to investors. All target returns are net of fees.

Register for Updates

Don't miss out.

Register to receive regular updates from Balmain Private.

We won't fill your inbox and you can unsubscribe any time.