Media release: KCL Law advises Bass Capital on senior construction facility a $10.6 million residential development in Adelaide

Jul 17, 2020

KCL Law’s Banking and Finance team recently advised Bass Capital Partners on a senior construction facility for a $10.6 million residential development, ‘82 Johns Road’, in Prospect — a thriving inner northern suburb just 5 kilometers from the Adelaide CBD.

Once completed, 82 Johns Road will comprise 24 two and three storey townhouses. The development is being undertaken by local developer, Citify Group, and established builder, Bert Farina Constructions. Construction works are now well underway.

The transaction was led by Ilan Kraus, Head of Banking and Finance, and supported by Lawyers Sophie Boyd and Chantelle Alberico.

Ilan Kraus commented on the transaction: “We were delighted to again assist the team at Bass Capital in delivering a structured senior financing package for a fantastic project 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.