Leppington, NSW

Two (2) adjoining DA approved residential subdivision sites

The Loan is secured by first registered mortgage over two (2) adjoining Development Application (DA) approved residential subdivision sites located in Leppington, NSW, approximately 50km south west of the Sydney CBD and approximately 14km south west of Liverpool.

The purpose of the Loan was to refinance a previous Balmain Discrete Mortgage Income Trusts (BDMIT) sub-trust known as the Kontista Street No. 2 Sub-Trust. The Borrower conducted the previous sub-trust in a prompt and punctual manner.  

The Security Properties are conveniently located within the Western Sydney Priority Growth Area of Leppington North Precinct. The two (2) properties are DA approved for subdivision into 108 residential lots.

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 8.55% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a personal guarantee and a General Security Agreement over the Borrower.
• Interest for the initial 3 months of the Loan Term has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantor 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 25 August 2025 to 24 February 2027.

Investment Details

• Target Return

  8.55% 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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