Responding to the consolidation of major banks in Australia which
resulted in lowering the credit availability to local developers,
Phoenix saw the investment opportunity in the residential market
of Sydney, supported by the continuing growth of migration.
Phoenix demonstrated its ability by providing its third stretch
senior loan facility to an experienced developer. The borrower is
a Sydney-based developer with over 40 years’ experience seeking
financing to fund the development of a residential project
comprising 100 residential units and 500 sq.m. of retail space in
a 4 structure complex.
Situated in Ryde, an inner-city Sydney suburb around 12km from
Sydney’s CBD, the development enjoys open views of the city and
harbour, offers high-quality finishes and fittings, and close
proximity to nearby Top Ryde Shopping Center, also serviced by
multiple public transport modes to Sydney’s CBD.
