Leppington, NSW
Proposed residential development site
The Loan is secured by first registered mortgage over a 20,230m² proposed residential development site located in Leppington, NSW, approximately 50km south west of the Sydney CBD and 14km south west of Liverpool.
The site is zoned ‘RU4 Primary Production Small Lots’ and forms part of the Leppington Release Area Stage 3 within the Western Sydney Priority Growth Area and the Local Government Area of Camden.
The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Sun Road Sub-Trust.
The Borrower Group is a substantial and successful residential land developer with over 25 years’ experience in land subdivisions in the western suburbs of Sydney. The Group has completed multiple residential subdivisions in and around Leppington and Austral, NSW.
The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.
- The Loan was advanced at a Loan to Value Ratio of 60%.
- The Target Return is 9.00% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is secured by first registered mortgage, an unlimited guarantee and indemnity, and a General Security Agreement over the Borrower.
- The Manager has assessed the financial position of the Borrower and Guarantor 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 18 months, subject to early or late repayment, from 17 April 2025 to 16 October 2026.
Investment Details
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Target Return
9% net -
Loan to Value Ratio
60% -
Term
18 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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