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Media release: KCL Law advises the PS Loan Trust as mezzanine financier for the Parade, Box Hill

Aug 2, 2019

KCL Law recently advised the PS Loan Trust as the mezzanine financier for the Parade — a mixed-use development comprising 56 residential units, 6 office suites and 2 retail shops — in Box Hill, Victoria.

PS Loan Trust (#propertyshares) is a leading debt fund that lends from $1m to $30m to mid-market property developers and investors. The trust currently manages several hundred of million dollars on behalf of sophisticated / institutional investors.

Designed by Hayball and with construction now underway, the Parade is expected be delivered over the next 20 months.

“We are pleased to partner with and support an experienced property developer for the delivery of a project that shows strong market acceptance. Our mezzanine facility was supported by strong presales and reasonable leverage ratios, which is testament to our disciplined investment approach and due diligence process. We are glad we had the support and expertise of KCL Law, which enabled us to deliver a cutting-edge capital solution in a timely fashion”, Mr. Joseph Cavin said.

For more information

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