CENTURIA BASS FUNDS $150M RESIDENTIAL DEVELOPMENT IN SYDNEY’S NORTHWEST TO 75% LVR
December 2024
Centuria Bass (CBC) is pleased to announce the refinancing of two major residential developments for a repeat borrower client, with a total project GRV of $150 million.
In Marsden Park, CBC has provided a residual stock facility at 75% LVR for 81 townhouses and 3 freestanding dwellings, valued at $67 million. Located in Sydney’s Northwest Priority Growth Precinct, the site is ideal for first homebuyers and families, offering easy access to multiple schools, retail amenities, and major roads.
In Box Hill, CBC has provided funding for the final stages of construction and to facilitate the sale of 75 townhouses, part of a 113-residence development. With proximity to the Rouse Hill metro station and major roads, demand for property in Box Hill is expected to be driven by young families and downsizers.