![This acquisition is aligned with the Borrower/Sponsor’s strategy of land acquisition for future subdivision and is well-located within a locality which has been historically and successfully developed by the Sponsor.](https://cdn.prod.website-files.com/65a160b96b9f34854cf85a45/65a5fe1d97edb081729a1525_Stringer.jpeg)
Stringer
This acquisition is aligned with the Borrower/Sponsor’s strategy of land acquisition for future subdivision and is well-located within a locality which has been historically and successfully developed by the Sponsor.
Project Description
Project Location
The subject site is situated in the Kellyville Precinct of the North West Priority Growth Area (NWPGA) which is located approximately 30 km northwest of the Sydney Central Business District. The area has undergone extensive residential development and the subject site is in good proximity to Kellyville Village, Rouse Hill Town Centre, and public transport facilities.
Project Development
This acquisition is aligned with the Borrower/Sponsor’s strategy of land acquisition for future subdivision and is well-located within a locality which has been historically and successfully developed by the Sponsor. The Borrower’s intent is to have the site land subdivided to create more than 60 residential lots. The development application has been submitted with decision pending. The Borrower intends to repay the loan either by refinancing the existing loan into a construction facility or selling the asset as-is once development approval has been achieved. The NWPGA is performing well, demonstrating stable, high-frequency sales activity. Sydney’s residential housing market is also considered to have reasonably strong underlying supply and demand fundamentals.
Project Loan Details
The purpose of the loan is to assist with acquiring the subject land.
View Our Past Property-Backed Loan Deals
These Property-Backed Loan Deals were rigorously evaluated for creditworthiness and growth potential. They have provided a healthy return for our investors who have participated in the Deals.
![The property site is zoned R2, for low density residential and is well located within the region, being in proximity to the existing public transport network, amenities and major transport nodes in the area. Box Hill city centre is approximately 4.7 km to the south-west of the subject site.](https://cdn.prod.website-files.com/65a160b96b9f34854cf85a45/6678e07b7b225a83929efa52_Landen%20Construction%20Note.webp)
Landen Construction Note
![The property is in the suburb of Broadmeadows, within Melbourne's northern industrial sub-market. Located in the precinct to the North of Camp Road, south of Broadfield Road and bordering the Merlynston Creek to the west, the property is approximately 15 kilometres north of the Melbourne CBD.](https://cdn.prod.website-files.com/65a160b96b9f34854cf85a45/6678e0a578c3688c1392ee3d_Broadmeadows.webp)
Broadmeadows
![The property is situated within the Mittagong industrial estate, located in the prestigious Southern Highlands, within the Wingecarribee Shire Council area. It is well located within 5 minutes from the town centre and 5 minutes to the Hume Motorway, the key arterial road connecting Sydney, Canberra and Melbourne.](https://cdn.prod.website-files.com/65a160b96b9f34854cf85a45/6678e0b83d26c2a27cff1cc9_Mittagong.webp)
Mittagong
![Invest in Guaranteed Returns with BigFundr](https://cdn.prod.website-files.com/65713f2d25364924abc3bf6c/65e198f4980afd71f004844b_homepage-cta%402x.webp)
Ready To Invest In Guaranteed Returns?
Discover how BigFundr can help you grow your wealth steadily and securely. Begin your journey towards higher returns with our guaranteed real estate-backed loans.