First Mortgage Construction Double Bay

Pallas Capital invites eligible investors to participate in this unique investment opportunity located in Double Bay, a premium inner eastern suburb in Sydney.


7.5% p.a.
Investor Return, paid monthly in arrears
24 Months
Estimated Investment Term of 24 months ending on 31 May 2024
65% LVR
Of the ‘As if complete’ Gross Realisation Value

Project Details

The Loan will be used to assist with the acquisition of the Property by the Borrower, and to fund construction costs and other financing costs by the Borrower in connection with the Project.

The project will comprise the construction of a fivestorey mixed-use commercial and retail building.


Loan Limit
The Loan amount is $143,698,400, and is to be funded by the issuance of $124,198,400 Class A Units and $19,500,000 Class B Units.
a) First Registered Mortgage over the Property;
b) First Registered General Security Agreement over the Borrower;
c) Corporate Guarantees from the Unitholders of the Borrower;
d) Personal Guarantees from the individual Sponsors; and
e) Builders Tripartite Deed.
Exit Strategies
Primary exit: Refinance with an Investment Loan;
Alternative exit: Sale of the Property

The Location

The Property is situated in a prominent position within the Double Bay commercial precinct with significant frontage to both Bay Street and New South Head Road.

Double Bay is a popular retail/commercial area on the harbour foreshore approximately 4km east of the Sydney CBD and within the Woollahra Council LGA. Local shopping facilities and amenities are located within a 500 metre radius of the Property including bars, restaurants and cafés, boutique fashion outlets, Woollahra library, a Woolworths supermarket, and an adjacent ‘Eat Street’ collection of restaurants including Neil Perry’s restaurant ‘Margaret’.

Nearby Amenities
1) Royal Oak Hotel
2) Margaret by Neil Perry
3) Intercontinental Hotel
4) Woolworths
5) Double Bay Wharf
6) Edgecliff Station

Speak to one of our advisors to
discuss which of our current
range of opportunities align with
your portfolio requirements.

To speak to one of our Directors about investment opportunities that align with your portfolio requirements, please provide your contact details below.

Call +61 2 9000 5215 now to invest in this opportunity. Alternatively, provide your contact details below to receive the IM.