Merrylands West, NSW

DA Approved Residential Development Site

The Loan is secured by first registered mortgage over a DA approved residential development site located in Merrylands West, NSW, approximately 4.6km south west of the Paramatta CBD and 25km west by road from the Sydney CBD.

The purpose of the Loan was to provide funds to assist the borrower with achieving an amended DA.

The security property benefits from DA Approval for two (2) x 5-storey and  one (1) x 7-storey mixed use buildings comprising 90 home units and four (4) ground floor retail/commercial suites over a single level basement and part ground floor carpark for 145 vehicles. 

The Borrower intends to obtain an amended DA  approval for a site redesign and taller building configuration comprising an additional 27 apartments (117 total). This process is expected to take approximately 12 months. 

The Director has over 25 years' experience in property investment and development, having successfully delivered fit-out and new-build projects across the residential, commercial, and retail sectors.

• The Loan was advanced at a Loan to Value Ratio of 65%.
• The Target Return is 8.15% 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 Term of the Loan has been lodged on deposit with the Manager
• The Loan Term is 24 months, subject to early or late repayment, from 14 July 2025 to 13 July 2027.

Investment Details

• Target Return

  8.15% net

• Loan to Value Ratio

  65%

• Term

  24 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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