Pallas Capital invites eligible investors to participate in this First Mortgage Pre-Development investment opportunity located within the affluent, harbour front suburb of Darling Point.
First Mortgage Pre-Development Darling Point
The purpose of this loan is to assist with the refinance of existing indebtedness against the Security Property, and to allow time for the Sponsors to undertake the development planning activities including building tender and pre-sales campaign; and to fund the pre-paid interest, costs and fees under this proposed Loan.
Second: Refinance with a Land-Bank loan;
Third: Sale of the Property
The property is located in Darling Point, approximately 4km to the east of the Sydney CBD and is within an area administered by the Woollahra Council.
The property benefits from access to Edgecliff Railway Station and nearby bus and ferry services that provide direct access to the CBD, and are within walking distance to Rushcutters Bay Park and the Cruising Yacht Club. The location is well serviced by cafés, restaurants and specialty retailers. There is a mix of both public and primary schools within a 2.5km radius including Ascham School, St Vincent’s and Sydney Grammar School.
2) Edgecliff Centre
3) Edgecliff Train Station
4) Rushcutters Bay Park
5) Cruising Yacht Club
6) Double Bay Village
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