First Mortgage Mascot

Pallas Capital invites eligible investors to participate in this First Mortgage Pre-Development investment opportunity located in Mascot, a vibrant inner-city suburb 7km south of the Sydney CBD.

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6.5% p.a.
Investor return net of all fees paid monthly in arrears
Dec '22 Maturity
An anticipated loan maturity date of 21 December 2022
58.7% LVR
Of the ‘As is’ Market Value

Project Details

The purpose of this loan is to refinance the existing indebtedness against the Security Property; allow time for the Sponsors to undertake pre-construction works, tender for a suitable builder, and finalise a project team to assist with the design, planning, and delivery of the Proposed Development or sell the Security Property as a construction ready project; and to fund the pre-paid interest, costs, and fees under this Loan.

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01
Investment
$13.5 million issue of First Mortgage Units
02
Security
Registered First Ranking Mortgage over the Security Property; First Ranking General Security Agreement over the Borrower and Security Property; Guarantee and Indemnity to the Facility Limit, Borrower and Security Property;
03
Exit Strategies
First: Refinance with a Construction Loan. Second: Refinance with another land facility. Third: Recourse to Guarantors.

The Location

The Security Property is well serviced by transport amenities. Mascot Train Station is 100 metres west, numerous bus services operate frequently on nearby roads and major arterial roadways such as the M5, M8 and Princess Highway are easily accessible.

The Security Property further benefits from close by amenities such as Mascot Town Centre which is 100 metres to the west providing an eclectic mix of restaurants, cafés, and shopping. Several educational facilities including primary, secondary, and tertiary are within a 1km radius of the Security Property. Parks and recreational facilities are located within walking distance.

Nearby Amenities
1) Mascot Train Station
2) Anytime Fitness
3) Woolworths
4) That Place Café
5) Mascot Oval
6) Sydney Airport

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

Call +61 434 113 201 now to invest in this opportunity. Alternatively, provide your contact details below to receive the IM.