Investment deal spotlight: Vaucluse, NSW
October 21, 2022
October 21, 2022
October 21, 2022
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At AltX, we saw the development's potential immediately and knew our speed, expertise and experience in the Vaucluse area could help the borrower build something incredible.
A Luxury Vaucluse Build Worthy of Investment
Investment Deal Summary
Suburb: Vaucluse, NSW
Asset Class: Construction
Property Value: $8.34 million
LVR: 60%
Stage of Completion: Structure stage
Estimated Completion Date: June 2023
Target Net Investor Return (Variable Rate): 8.59%
Managed Fund: Assetline Senior Debt Construction Fund No. 4 (ALCF4)
The Opportunity
Within minutes’ walk from the water and less than 10km from Sydney CBD, this 641sqm duplex development in Vaucluse is surrounded by natural beauty and neighbouring some of the most covetable homes in Australia. The aspect of the development which stood out to the team was the borrower’s wealth of similar experience – developing duplexes in the Sydney’s eastern suburbs, including a successful build of nine luxury boutique apartments in Rose Bay.This potential coupled with AltX’s ability to work closely with the developer ensures the project will be delivered within budget and in a timely manner with 100% of all capital returned to investors. As a result, this deal has been included in the recently launched Assetline Senior Debt Construction Fund No. 4 (ALCF4) managed debt fund. ALCF4 offers diversified exposure to short duration 1st mortgage-backed construction loans with a 8.59% p.a. Target Net Investor Return (Variable Rate).
The Build
The residences of the duplex development are made up of four and five bedrooms respectively, with four bathrooms – making them attractive properties for investors or owner-occupied once completed.With the finish line in sight and the build on track for completion by June 2023, the developer recently completed the ground floor suspended slab. AltX is well-positioned to manage the risk of the deal through to completion by working closely with the developer and keeping investors updated on progress.
A Luxury Vaucluse Build Worthy of Investment
Investment Deal Summary
Suburb: Vaucluse, NSW
Asset Class: Construction
Property Value: $8.34 million
LVR: 60%
Stage of Completion: Structure stage
Estimated Completion Date: June 2023
Target Net Investor Return (Variable Rate): 8.59%
Managed Fund: Assetline Senior Debt Construction Fund No. 4 (ALCF4)
The Opportunity
Within minutes’ walk from the water and less than 10km from Sydney CBD, this 641sqm duplex development in Vaucluse is surrounded by natural beauty and neighbouring some of the most covetable homes in Australia. The aspect of the development which stood out to the team was the borrower’s wealth of similar experience – developing duplexes in the Sydney’s eastern suburbs, including a successful build of nine luxury boutique apartments in Rose Bay.This potential coupled with AltX’s ability to work closely with the developer ensures the project will be delivered within budget and in a timely manner with 100% of all capital returned to investors. As a result, this deal has been included in the recently launched Assetline Senior Debt Construction Fund No. 4 (ALCF4) managed debt fund. ALCF4 offers diversified exposure to short duration 1st mortgage-backed construction loans with a 8.59% p.a. Target Net Investor Return (Variable Rate).
The Build
The residences of the duplex development are made up of four and five bedrooms respectively, with four bathrooms – making them attractive properties for investors or owner-occupied once completed.With the finish line in sight and the build on track for completion by June 2023, the developer recently completed the ground floor suspended slab. AltX is well-positioned to manage the risk of the deal through to completion by working closely with the developer and keeping investors updated on progress.
