Infinity
Sydney, Australia
Mixed-Use
Property Type
3,424 sq.m.
Gross Floor Area
64 - 128 sq.m.
Size Of Units
17
No. Of Floors
191
No. Of Units
2019
Year Of Completion
Phoenix identified a key investment opportunity by being the junior lender to a Sydney-based developer with over 50 years’ experience in residential projects, for funding a residential and retail development in Carlingford, which already backed by a successful presale campaign.
Located in Carlingford, a mature suburb close to Sydney’s second major CBD of Parramatta, the development comprises 191 residential units and 4,305 sq. ft. of ground-floor retail space. Several elite schools are situated in the neighborhood, including The King’s School and James Ruse Agricultural High School. Also, Parramatta Westfield and recreation parks are close by.
Phoenix structured a junior loan for the developer, the project was substantially pre-sold before financial close, providing a high degree of debt coverage. The investment was fully repaid after the successful completion of the project.
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