Oakden, SA

A multi staged residential development site

The Loan is secured by first registered mortgage over a multi-staged residential development site with DA pending located in Oakden, SA, approximately 8.8km north east of the Adelaide GPO. 

The Security Property comprises 4.61ha of nearly level vacant land zoned 'Master Planned Neighborhood'. It is known as the ‘Botanic at Oakden Rise’

The Borrower lodged a Planning Permit application in April 2024 for the subdivision of the site to create 199 allotments and tree damaging activity. The Borrower plans to amend this to 201 lots and intends to develop the site over three (3) stages.

The Borrower Group have 30 years’ experience in the development of residential subdivisions in most of Australia’s major population centers including Adelaide.  

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 65%.
• The Target Return is 8.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by corporate guarantees and a General Security Agreement over the Borrower.
• Interest is to be paid by the Borrower monthly in advance. The Manager has assessed the financial position of the Borrower and Guarantors 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 30 May 2025 to 29 November 2026.

Investment Details

• Target Return

  8.45% net

• Loan to Value Ratio

  65%

• 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.

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