Fully Invested

Rose Bay, NSW

Residential properties – future development site

The Loan is secured by a first registered mortgage over two (2) adjoining residential properties in Rose Bay, NSW which are approximately 8kms east of Sydney’s CBD.

The Security Properties are currently two (2) freestanding freehold residences Zoned R3 Medium Density Residential. The properties hold development approval for the construction of a four (4) storey residential apartment building comprising 12 units and basement parking for 19 vehicles.

The purpose of the Loan was to assist with the purchase of the properties with the Borrower contributing in excess of $3M towards their acquisition from their own cash reserves.

The Guarantors are professionals with their own businesses as well as experienced property investors with substantial real estate assets. They are also existing Balmain borrowers.

  • The Loan was advanced at a Loan to Value Ratio of 60%.
  • The Target Return is 7.30% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by joint and several guarantees and a General Security Agreement over the Borrower.
  • The Loan Term is 18 months, subject to early or late repayment, from 17 September 2018 to 16 March 2020.

Investment Details

  • Target Return
    7.3% net
  • Loan to Value Ratio
  • Term
    10 Months
  • Minimum Investment

Loan Information

Loan Amount $3,840,000
Security 1st registered mortgages, joint and several guarantees and a General Security Agreement over the Borrower.
Asset Two adjoining residential properties, DA approved for apartment development in Rose Bay, NSW

Full details of each investment are provided to investors in a Supplementary PDS unique to each particular Sub-Trust.