Investment Overview:

First mortgage funding in the sum of $6,825,000.00 is required to assist with a refinance of the security property.

The security property benefits from Development Consent (JRPP-16-03340) for the construction of an 18-storey mixed-use development, containing nine retail/commercial units on the ground and first floors, 133 residential apartments (58 x 1-bedroom, 58 x 2-bedroom and 17 x 3-bedroom) above three basement levels containing 136 car spaces and associated landscaping and stormwater drainage works.

Under the Blacktown LEP 2015, with the height limit having increased from 65 metres to 80 metres, the security property is now subject to plans for 216 units (204 residential apartment & 12 commercial/retail units).

The subject property has a site area of 2,024 square meters and is approximately 40km west of the Sydney CBD.

Zoned MU1 Mixed Use under the Blacktown Local Environmental Plan (LEP) 2015.

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 Credit Connect Group. You can start building your own first mortgage investment portfolio now by investing in an individual loan with Credit Connect Group.