Media release: KCL Law advises Bass Capital on senior secured facility to assist high-end developer refinance debt secured against residential development in ToorakJun 16, 2020
KCL Law’s Banking and Finance team recently advised Bass Capital Partners on a senior secured facility to assist high-end developer Craig Easton on refinancing the debt secured against a residential development in Toorak known as the Palais Toorak.
Located in Melbourne’s most coveted residential precinct, the recently completed Palais Toorak is a luxury residential development of the highest standard, comprising seven apartments, including a sub-penthouse and a two-level penthouse with private rooftop pool. The residences were created by a highly acclaimed team, including Robert Mills Architecture, SJB Interior Design and Paul Bangay Garden Design.
The financing was executed within a tight time frame, and involved advising Bass Capital in connection with a complex refinance involving a number of parties.
Ilan Kraus commented on the transaction: “We were delighted to assist the team at Bass Capital in delivering an outstanding financing solution for the sponsors quickly and in challenging market conditions.”
Bass Capital Partners — a leading middle market investor and alternative asset manager — specialises in providing capital and funding solutions to assist mid-sized companies, entrepreneurs, property and other real assets.
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