Open for Investment
The Loan is secured by a first registered mortgage over a substantial land holding comprising an area of 72.71ha in Bringelly, NSW, approximately 57km south west of the Sydney CBD and 21km west of the Liverpool CBD.
The property is zoned 'RU1 Primary Production' under Camden Local Environmental Plan 2010 and is located within the South Creek West precinct of the South West Growth Area which has been released by the NSW Planning Department as a Designated Growth Precinct.
The Security Property is located nearby emerging centres and employment areas, the largest of which is the future Western Sydney Aerotropolis comprising an 11,200ha greenfield precinct being planned and developed around the future Western Sydney Airport. The property is within 11km of the Western Sydney (Nancy Bird Walton) Airport which is currently under construction.
The Borrower engaged major consultancy groups to work closely with Camden Council to prepare the planning and design for Bringelly Sub-Precinct 2 including an indicative layout plan. The Planning Proposal package was submitted to Camden Council in April 2021. The rezoning is anticipated to take at least 24 months.
The Borrower is an existing Balmain client and has conducted previous loans in a prompt and punctual manner.
The Borrower is comprised of two separate family groups with business operations in Australia and China. Both sponsor groups are Australian residents and have significant property development experience and Australian real estate assets.
Target Return (P.A. net)9.2%
Loan to Value Ratio57%
Term to Run (Mths)11 Mths
Minimum Initial Investment$10,000
All Current Investments.
All loans are credit approved before being offered to investors. All target returns are net of fees.
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