Box Hill, NSW
Residential development Site
The Loan is secured by a first registered mortgage over a well positioned DA approved residential development site in Box Hill, NSW
The Borrower Group are well established and successful property developers.
The underlying Security Property comprises 2.1ha of flat residential land (0.89ha developable land) in the North West Growth Area and is DA approved for a 37 residential lot subdivision.
The purpose of the facility is to provide funds to the Borrower Group to refinance an existing loan facility.
- The Loan was advanced at a Loan to Value Ratio of 62%.
- The Target Return is 8.15% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by a General Security Agreement over the Borrower.
- Interest for the Term of the Loan has been lodged on deposit.
- The Loan Term is 4 months, subject to early or late repayment, from 1 Feb 2021 to 31 May 2021.
Target Return8.15% net
Loan to Value Ratio62%
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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