Fully Invested

Willoughby, NSW

Residential property

The Loan is secured by a first registered mortgage over an 860m² residential property zoned R3 Medium Density Residential in Willoughby, NSW, approximately 9km north of the Sydney CBD.

The property is improved with a freestanding double-storey dwelling comprising 3 bedrooms and 1 bathroom.

The Borrower also owns the adjoining property and has lodged a Development Application for the construction of eight (8) x 3 bedroom townhouses across the two (2) sites with a decision by Council anticipated during the Loan Term.

The purpose of the Loan was to assist with the acquisition of the Security Property for future development.

The Borrower is a Special Purpose Vehicle (SPV) established in June 2020 to acquire and develop the Security Property. The Borrower Group is a joint venture between one of Australia’s leading residential property developers and a well-renowned builder.

  • The Loan was advanced at a Loan to Value Ratio of 64%.
  • The Target Return is 6.60% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by personal and corporate guarantees and a General Security Agreement over the Borrower.
  • Interest for the Term of the Loan has been lodged on deposit with the Manager.
  • The Loan Term is 10 months, subject to early or late repayment, from 20 April 2021 to 19 February 2022.

Investment Details

  • Target Return
    6.6% net
  • Loan to Value Ratio
  • Term
    9 Months

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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