Tallawong
Benchmark provided a cost-to-complete facility, which will convert into a residual stock facility secured against 38 lots and 2 residue lots to a highly experienced developer. The Borrower will use the term of the facility to register the plan of subdivision and obtain individual lots titles and pursue sale of these lots during 2025/26.
At a glance
Location
Tallawong, NSW
Property Description
In-fill site located in Western Sydney with development approval for 38 residential lots and two residual lots.
Security
First registered mortgage, General Security Agreement over the Borrower and Personal Guarantees.
Total Loan Facility
$23,090,000
LVR
70%
Exit
Lot sale proceeds
