Investment deal spotlight: Mount Colah, NSW

December 13, 2022

December 13, 2022

December 13, 2022

Investment deal spotlight: Mount Colah, NSW

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Nestled in Sydney's coveted North Shore, this development of thirteen townhouses in Mount Colah exemplifies modern design, superb finishes and a covetable location for young families.

A townhouse development that brings designer living to a family-friendly lifestyle

Investment Deal Summary

Suburb: Mount Colah, NSW
Asset Class: Construction
Property Value: $12.15 million
LVR: 63%
Development Completion: December 2022
Coupon Rate: 8.76%

The Opportunity

Nestled in Sydney’s coveted North Shore, this development of 13 townhouses in Mount Colah exemplifies modern design, superb finishes and a covetable location for young families – making them attractive properties for investors or owner-occupied when completed.Many aspects of the project stood out to the AltX team including the borrower’s wealth of similar experience, a reputable builder on-board, strong location and three pre-sales before construction.  

The Build

The 13 townhouses are made up of three-, four- and five-bedroom dwellings with dedicated study spaces, penthouse-style main bedrooms, basement parking and outdoor rear courtyards. As part of AltX’s active lending approach, our team visited many of the borrower’s previous developments, diligently checking for defects and speaking to homeowners and project managers. Like many developments that commenced in 2020, the build was hit with labour shortages and supply delays due to Covid-19. These factors along with some internal design changes, resulted in an extension given in June 2022. AltX’s construction team carried out an additional due diligence before approving the extension to ensure everything was up-to-date and on track. 

The Result

AltX’s ability to work closely with the developer throughout this time ensured the project was delivered within budget and before the extension expired. We were well-positioned to support investors through this deal, drawing upon our team’s extensive experience in financial services, real estate and lending industries to tackle challenges and take advantage of the changing environment in the construction industry.This deal was included in the Assetline Senior Debt Construction Fund No. 4 (ALCF4) managed debt fund. ALCF4 offered diversified exposure to short duration 1st mortgage-backed construction loans with an 8.76% p.a. Target Net Investor Return (Variable Rate).

A townhouse development that brings designer living to a family-friendly lifestyle

Investment Deal Summary

Suburb: Mount Colah, NSW
Asset Class: Construction
Property Value: $12.15 million
LVR: 63%
Development Completion: December 2022
Coupon Rate: 8.76%

The Opportunity

Nestled in Sydney’s coveted North Shore, this development of 13 townhouses in Mount Colah exemplifies modern design, superb finishes and a covetable location for young families – making them attractive properties for investors or owner-occupied when completed.Many aspects of the project stood out to the AltX team including the borrower’s wealth of similar experience, a reputable builder on-board, strong location and three pre-sales before construction.  

The Build

The 13 townhouses are made up of three-, four- and five-bedroom dwellings with dedicated study spaces, penthouse-style main bedrooms, basement parking and outdoor rear courtyards. As part of AltX’s active lending approach, our team visited many of the borrower’s previous developments, diligently checking for defects and speaking to homeowners and project managers. Like many developments that commenced in 2020, the build was hit with labour shortages and supply delays due to Covid-19. These factors along with some internal design changes, resulted in an extension given in June 2022. AltX’s construction team carried out an additional due diligence before approving the extension to ensure everything was up-to-date and on track. 

The Result

AltX’s ability to work closely with the developer throughout this time ensured the project was delivered within budget and before the extension expired. We were well-positioned to support investors through this deal, drawing upon our team’s extensive experience in financial services, real estate and lending industries to tackle challenges and take advantage of the changing environment in the construction industry.This deal was included in the Assetline Senior Debt Construction Fund No. 4 (ALCF4) managed debt fund. ALCF4 offered diversified exposure to short duration 1st mortgage-backed construction loans with an 8.76% p.a. Target Net Investor Return (Variable Rate).

A townhouse development that brings designer living to a family-friendly lifestyle

Investment Deal Summary

Suburb: Mount Colah, NSW
Asset Class: Construction
Property Value: $12.15 million
LVR: 63%
Development Completion: December 2022
Coupon Rate: 8.76%

The Opportunity

Nestled in Sydney’s coveted North Shore, this development of 13 townhouses in Mount Colah exemplifies modern design, superb finishes and a covetable location for young families – making them attractive properties for investors or owner-occupied when completed.Many aspects of the project stood out to the AltX team including the borrower’s wealth of similar experience, a reputable builder on-board, strong location and three pre-sales before construction.  

The Build

The 13 townhouses are made up of three-, four- and five-bedroom dwellings with dedicated study spaces, penthouse-style main bedrooms, basement parking and outdoor rear courtyards. As part of AltX’s active lending approach, our team visited many of the borrower’s previous developments, diligently checking for defects and speaking to homeowners and project managers. Like many developments that commenced in 2020, the build was hit with labour shortages and supply delays due to Covid-19. These factors along with some internal design changes, resulted in an extension given in June 2022. AltX’s construction team carried out an additional due diligence before approving the extension to ensure everything was up-to-date and on track. 

The Result

AltX’s ability to work closely with the developer throughout this time ensured the project was delivered within budget and before the extension expired. We were well-positioned to support investors through this deal, drawing upon our team’s extensive experience in financial services, real estate and lending industries to tackle challenges and take advantage of the changing environment in the construction industry.This deal was included in the Assetline Senior Debt Construction Fund No. 4 (ALCF4) managed debt fund. ALCF4 offered diversified exposure to short duration 1st mortgage-backed construction loans with an 8.76% p.a. Target Net Investor Return (Variable Rate).

A townhouse development that brings designer living to a family-friendly lifestyle

Investment Deal Summary

Suburb: Mount Colah, NSW
Asset Class: Construction
Property Value: $12.15 million
LVR: 63%
Development Completion: December 2022
Coupon Rate: 8.76%

The Opportunity

Nestled in Sydney’s coveted North Shore, this development of 13 townhouses in Mount Colah exemplifies modern design, superb finishes and a covetable location for young families – making them attractive properties for investors or owner-occupied when completed.Many aspects of the project stood out to the AltX team including the borrower’s wealth of similar experience, a reputable builder on-board, strong location and three pre-sales before construction.  

The Build

The 13 townhouses are made up of three-, four- and five-bedroom dwellings with dedicated study spaces, penthouse-style main bedrooms, basement parking and outdoor rear courtyards. As part of AltX’s active lending approach, our team visited many of the borrower’s previous developments, diligently checking for defects and speaking to homeowners and project managers. Like many developments that commenced in 2020, the build was hit with labour shortages and supply delays due to Covid-19. These factors along with some internal design changes, resulted in an extension given in June 2022. AltX’s construction team carried out an additional due diligence before approving the extension to ensure everything was up-to-date and on track. 

The Result

AltX’s ability to work closely with the developer throughout this time ensured the project was delivered within budget and before the extension expired. We were well-positioned to support investors through this deal, drawing upon our team’s extensive experience in financial services, real estate and lending industries to tackle challenges and take advantage of the changing environment in the construction industry.This deal was included in the Assetline Senior Debt Construction Fund No. 4 (ALCF4) managed debt fund. ALCF4 offered diversified exposure to short duration 1st mortgage-backed construction loans with an 8.76% p.a. Target Net Investor Return (Variable Rate).

Get in Touch

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd