South Windsor, NSW

Recently completed industrial subdivision - Residual Stock Loan

The Loan is secured by first registered mortgage over a recently completed industrial subdivision located in South Windsor, NSW, approximately 26km north west of the Parramatta CBD and 45km north west of the Sydney CBD.

This Loan is a Residual Stock Facility whereby the Loan and LVR is intended to reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds and these funds will be returned to Investors.

The purpose of the Loan was to provide working capital.

The property is part of the South Windsor industrial precinct, a well-established precinct in outer north-western Sydney. Surrounding development generally comprises older style industrial facilities, with a few strata-title industrial unit complexes scattered throughout.

The subject property consists of 17 industrial lots and one (1) rural lot from a recently completed industrial subdivision. The 17 industrial lots range in size from 2,000m² to 3,950m² and the rural lot is 64,310m².

The Borrower company comprises a joint venture between an experienced residential property developer and a transport and logistics company.

• The Loan was advanced at a Loan to Value Ratio of 59%.
• The Target Return is 9.35% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by unlimited joint and several guarantees and indemnities and a General Security Agreement over the Borrower.
• Interest for the initial 9 months of the Loan Term has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantors as part of its credit approval process and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 14 November 2023 to 13 November 2024.

Investment Details

• Target Return

  9.35% net

• Loan to Value Ratio

  59%

• Term

  6 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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