Fully Invested

Drummoyne, NSW

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 2 in a 3 storey, 2 lot strata duplex and comprises 584m² of internal and external area. Accommodation includes five (5) bedrooms, four (4) bathrooms, study, 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.

Investment Details

  • Target Return
    5.25% net
  • Loan to Value Ratio
    64%
  • Term
    15 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.

Start now by investing in an individual loan to commence building your own first mortgage investment portfolio with Balmain Private.