Cammeray, NSW

Four (4) newly completed townhouses awaiting strata registration

The Loan is secured by first registered mortgage over four (4) newly completed townhouses awaiting registration of titles, located in Cammeray, NSW, approximately 5km north of the Sydney CBD.

This Loan is a Residual Stock facility whereby it is intended that the Loan and LVR will 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 site is zoned ‘R3 Medium Density Residential’ under the North Sydney Local Environmental Plan 2013.

The 863.9m² site has reached practical completion. The Manager has consented to the strata plan and the Borrower is awaiting registration from NSW Land Registry Services. The development comprises three (3) townhouses, each with 3 bedrooms and 2 bathrooms, and one (1) townhouse with 3 bedrooms, 2 bathrooms, plus a rumpus room.

The directors are experienced residential property developers, having developed approximately 15 projects, primarily in Sydney, over the last 10 years.

The Borrower Group is well known to the Manager and previous loans have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 54%.
• The Target Return is 7.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple guarantees and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 12 months, subject to early or late repayment, from 11 December 2025 to 10 December 2026.

Investment Details

• Target Return

  7.45% net

• Loan to Value Ratio

  50%

• Term

  12 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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