Future Residential Development Site
The Security Property comprises a future residential development site located in Sunbury, VIC, approximately 39km north west of the Melbourne CBD.
The site measures 40.63ha in size, with 20ha of which is zoned ‘Urban Growth’. The remaining 20ha is currently zoned ‘Rural Conservation’.
The Borrower has lodged an application for a Planning Permit for subdivision into 281 residential lots, averaging around 350m2/lot.
The Borrower Group has over 10 years’ experience in property development and has completed multiple residential development projects across Victoria.
- The Loan was advanced at a Loan to Value Ratio of 60%.
- The Target Return is 6.35% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by multiple joint and several 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 12 months, subject to early or late repayment, from 24 June 2022 to 23 June 2023.
Target Return6.35% net
Loan to Value Ratio60%
Minimum Initial Investment$10,000
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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