Oatley, NSW
Two (2) double storey, 4 bedroom townhouses nearing completion
The Loan is secured by first registered mortgage over a separately titled residential lot with two (2) double storey 4 bedroom townhouses nearing completion, located in Oatley, NSW, approximately 18km south of the Sydney CBD.
Development approval was granted by Georges River Council in May 2021 for the construction of a dual occupancy and associated tree removal on the subject site.
The Security Property comprises two (2) double storey detached dwellings which, when complete, will each provide four (4) bedrooms, three (3) bathrooms, rumpus and study accommodation with an attached double car garage. Ancillary improvements include an outdoor alfresco area each.
The director is an experienced developer and entrepreneur with over 10 years’ residential development experience.
- The Loan was advanced at a Loan to Value Ratio of 52%.
- The Target Return is 7.80% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by joint and several guarantees and a Specific 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 21 April 2026 to 20 April 2027.
Investment Details
-
Target Return
7.8% net -
Loan to Value Ratio
52% -
Term
12 Months -
Minimum Initial Investment
$10,000
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.