Residential strata apartment
The Loan is secured by a first registered mortgage over a newly built residential strata apartment in Drummoyne, NSW, approximately 6km north west of the Sydney CBD.
The Security Property is Lot 1 in a 3 storey, 2 lot, strata duplex and comprises 575m² of internal and external area. Accommodation includes two (2) bedrooms, media room, four (4) bathrooms, rumpus room plus landscaped gardens, outdoor entertainment area and basement parking with direct lift access.
The property benefits from elevated views across Parramatta River, Sydney City and the Sydney Harbour Bridge.
The Sponsor is an experienced property investor and developer having completed several residential developments including luxury duplexes, townhouses and high-density developments.
- The Loan was advanced at a Loan to Value Ratio of 64%.
- The Target Return is 5.25% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by personal guarantees and a General Security Agreement over the Borrower.
- The Loan Term is 18 months, subject to early or late repayment, from 9 July 2021 to 8 January 2023.
Target Return5.25% net
Loan to Value Ratio64%
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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