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Rouse Hill, NSW

DA approved residential development site

The Loan is secured by a first registered mortgage over a 16,720m² residential development site in Rouse Hill, NSW, approximately 45kms north west of Sydney’s CBD. The Security Property is well-positioned to the new Tallawong Railway Station and the Rouse Hill Metro. Local schools and Rouse Hill Town Centre are in close proximity.

The Borrower has achieved Development Application approval for the construction of 6 x 4 storey residential buildings comprising 200 apartments with basement parking for 264 vehicles. The development will comprise 42 x 1 bedroom, 144 x 2 bedroom and 14 x 3 bedroom apartments.

The purpose of the Loan was to release equity to the Borrower to assist with the Borrower Group’s current residential apartment project in Hurstville, NSW.

The Borrower Group is a substantial and successful property development and investment group located in Sydney that has completed significant developments in Rosebery and Kogarah in recent years. The Group is related to a major property development organisation in Guangdong in China.

  • The Loan was advanced at a Loan to Value Ratio of 52%.
  • The Target Return is 6.70% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
  • The Loan is supported by personal and corporate guarantees and a General Security Agreement over the Borrower.
  • The Loan Term is 24 months, subject to early or late repayment, from 10 September 2020 to 9 September 2022.

Investment Details

  • Target Return
    6.7% net
  • Loan to Value Ratio
    52%
  • Term
    22 Months
  • Minimum Initial Investment
    $10,000

Full details of each investment are provided to investors in a Supplementary PDS unique to each particular Sub-Trust.