Media release: KCL Law advises Bass Capital on senior secured facility to assist high-end developer refinance debt secured against residential development in Toorak

Jun 16, 2020

KCL Law 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.

KCL Law was 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.

For more information

For more information, or to arrange an interview, please contact Stuart Giles, Business Development & Marketing Manager, or (03) 8600 8822.