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SEPTEMBER 2020

400 NEW HOMES NOW UNDERWAY THROUGH BASS CAPITAL

Bass Capital is financing the construction and development of over 400 new homes through Australia’s Covid crisis. We are proud to support developers and builders with flexible finance including last week’s funding of a $5.4m boutique subdivision with local western Sydney developer Ankira Projects Pty Ltd. Situated in the established north western Sydney suburb of Riverstone, the site is located approximately 48km from Sydney’s CBD in an area undergoing redevelopment and forming part of the State Government driven Northwest growth precinct, a long-term project fostering population growth, land development, and infrastructure. The development also benefits from close proximity to various transport, educational and recreational facilities.

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AUGUST 2020

BASS CAPITAL FINANCES $18M DEVELOPMENT IN HAMPTON, VIC

Bass Capital is pleased to support a leading developer in Melbourne’s South East, Pitard Group, with zero presale finance while Covid inspection restrictions dampen presales. ‘New Hampton Residences’ will comprise of 19 apartments, spanning over three levels and offering purchasers a variety of 2 and 3 bed units complete with balconies and a single level basement carpark. Situated 14km from the Melbourne CBD in the established and sought after suburb of Hampton, the property is in close proximity to various retail amenities, schools and convenient transport links to the CBD. With construction already well underway, the project is expected to experience high demand with the end product targeting owner occupiers and local downsizers.

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ACCESS TO FINANCE FOR DEVELOPERS ‘TOUGHEST SINCE GFC’

Residential developers are facing the biggest credit squeeze since the global financial crisis, with construction loans especially hard to come by, according to a new report by law firm Ashurst.

Not only are loans harder to secure from increasingly cautious and risk-averse banks and non-bank lenders, but they have become more expensive and restrictive since the onset of the COVID-19 pandemic.

Read the article >

 
 

JULY 2020

BASS CAPITAL FINANCES IN BRISBANE’S HISTORIC RIVER-SIDE HEART

Bass Capital supports experienced local developer, SSC Projects with senior construction finance in Bulimba, QLD. The development is located in the well-established inner suburb of Bulimba, situated 4km north of Brisbane’s CBD and within close proximity to various amenities including the popular retail strip of Oxford Street. Flexible, ‘zero pre-sale’ funding from Bass enables the developer to adapt to current market conditions. Commencing construction early enables improved margins as buyers defer purchasing decisions until the development is well underway.

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BASS CAPITAL DOUBLES DOWN IN ADELAIDE

Bass Capital is pleased to finance ’82 Johns Road’, a $10.6m residential development in Adelaide. Located in the inner suburb of Prospect (6kms from the CBD), onsite construction works are now well underway. Once complete, the project will comprise 24 two and three storey townhouses. The development is being undertaken by an experienced local developer and established builder. The investment represents Bass’ growing commitment to South Australia.

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JUNE 2020

BASS CAPITAL FINANCES $24M OF TOORAK’S FINEST LUXURY APARTMENTS

Bass supported esteemed local developer Craig Easton with senior term finance. Palais Toorak is a completed luxury development of the highest standard, comprising seven apartments complete with a penthouse and sub-penthouse including private pool, and large private terraces. The highly acclaimed team of Robert Mills Architecture, SJB Interior Design and Paul Bangay Garden Design created these residences which are located in Melbourne’s most coveted residential precinct.

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BASS CAPITAL FINANCES BOUTIQUE TOWNHOUSE DEVELOPMENT IN MELBOURNE

Bass Capital funds boutique townhouse development situated in Heidelberg, VIC. The development known as ‘Clyde Court’ benefits from close proximity to retail, commercial, educational and transport amenities, and is only a 20-minute commute to Melbourne’s CBD.

 

Bass is pleased to continue to support Melbourne’s residential property market in the current economic environment with bespoke construction lending.

 
 

APRIL 2020

SHARING OUR COVID 19 INTELLIGENCE

On Borrowing, Banks and Credit = Tough;

• It seems everyone but the big banks are being hit hard i.e. small business, causal workers, big companies, landlords all struggling ….. but not banks ! This will not change. The reason being that it is widely recognised that government failure to support banks dramatically exacerbated the great depression. If you want to engage in ‘bank bashing’ you will need to get your satisfaction elsewhere

• It’s going to be harder to borrow for many, but easy for some. If you are Homer Simpson, work for a utility on an average salary, you will be peppered with lenders. If you are refinancing a $2m mortgage, prepare for bad news

Read more >

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BASS CAPITAL IS ACTIVELY LENDING

History seems to repeat at every financial and economic crisis. Many lenders which were self-adulating their achievements of how fast they had grown before this crisis, become the first to cease or reduce lending. This occurs because by definition those organisations which grew the most at the height of the boom needed the loosest credit standards to achieve that growth leaving them the most at risk for their investors. Make sure the financier managing your funds is boasting about the quality of their book with meaningful performance statistics, rather than boasting about their rate of growth.

 

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FEBRUARY 2020

BASS CAPITAL FINANCES $12M BOUTIQUE MIXED-USE DEVELOPMENT IN PRESTON

Bass Capital funds $12m boutique mixed-use development in Preston, VIC. The centrally located development known as ‘THEIA’ is conveniently situated just 9km north of Melbourne, close to local shopping facilities and key amenities, and with direct transport links into the CBD.

 

Bass is pleased to support Melbourne’s residential property market with bespoke construction lending.

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BASS CAPITAL RETURNS OVER 13PC AS PRIVATE LENDING CONTINUES TO GROW

Private financier Bass Capital has returned an average 13.2 per cent on property and construction senior lending over the past four years proving there was depth in the property private lending market with room for double-digit returns.

Backed by over 100 high-net-worth investors, Bass said keeping its funds wholesale, instead of listing publicly, was one way to achieve higher returns, as was searching for better returns from deals that have "fallen through the banking cracks".

 

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DECEMBER 2019

BASS CAPITAL FINANCES THREE DEVELOPMENTS IN CANBERRA TOTALLING $9.6M

Bass Capital provides a $9.6M Senior Secured Construction & Residential Mortgage Loan Facility to Exhibit Design and Construction Pty Ltd. Situated in established suburbs in Canberra, the two development sites are within close walking distance to local amenities with good transport links to the CBD which is less than 15km away. The residential portfolio consists of three recently built residential houses in the sought after, affluent districts of Forde and Gungahlin located approximately 20kms from the CBD.

Exhibit Design & Construction Pty Ltd is a local builder/ developer with over 11 years’ experience in residential/ commercial construction and property development.

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OCTOBER 2019

BASS CAPITAL FINANCES $12M DEVELOPMENT IN WESTERN SYDNEY

Bass Capital funds $12m townhouse development in the western Sydney suburb enclave of Girraween. Key amenities, transport and Girraween High School (ranked in the top 20 schools in NSW) are major draws for young families. Bass supported experienced local developer Minotaur Construction Group with stretch-senior debt to finance the development.

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AUGUST 2019

BASS CAPITAL FINANCES $30M 106-LOT RESIDENTIAL SUBDIVISION

Bass Capital funds $30m subdivision in the northern Melbourne suburb of Melton. ‘Little Creek’ is comprised of 106 lots over 12 hectare’s and provides its residents with wide-open spaces, easy access to schools, and quick transport links to the CBD.


Bass Capital is pleased to have settled this loan in just a fortnight, supporting one of Melbourne’s pre-eminent middle market developers and growing our construction finance in Melbourne.

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BASS CAPITAL FINANCES AUSTRALIA’S MOST TRUSTED CONSUMER FINANCE BUSINESS

Bass Capital has completed its series 2 senior secured loan warehouse to established lender City Finance Holdings (“CFH”). CFH is a specialty finance company successfully operating for 20 years, providing finance for personal and business loans up to $100,000. CFH is arguably Australia’s most trusted non-bank personal lender growing its loan pool under management to $20m with the support of Bass.

BCB lending, wholly owned by Bass, has been established to service this growing sector in Australia.

 

MAY 2019

BASS CAPITAL FUNDS $9M RESIDENTIAL TOWNHOUSE DEVELOPMENT

Bass Capital funds $9m senior secured loan to JINF Investments for their latest development “The Park Terraces”. Located in Albion Park NSW, the Park Terraces falls within the wider Wollongong Metropolitan area of NSW and will comprise of sixteen (16) townhouses on completion. The two local developers have 50 years combined experience in construction and development.

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FEBRUARY 2019

 

BASS CAPITAL FINANCES $12M MIXED-USE DEVELOPMENT IN SYDNEY’S NORTHERN BEACHES

Bass Capital funds senior secured loan to Dobroyd Developments’ $12m boutique mixed-used development, taking only 17 days from the loan request to settlement. The Heights consists of luxuriously appointed apartments and retail tenancies designed by Benson McCormack Architects and situated in the harbour-side suburb of Balgowlah Heights.

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JANUARY 2019

RESIDUAL STOCK & CONSTRUCTION LOAN FUNDED IN 8 DAYS

In December 2018 Bass Capital financed a bridge loan secured over $50m in property and 3 development sites in Lindfield and Castle Hill, NSW. Highlighting nimble processes and flexible financing terms, Bass completed the transaction in only 8 days.

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SEPTEMBER 2018

BASS CAPITAL FINANCES $9M RESIDENTIAL DEVELOPMENT IN WESTERN SYDNEY

With the Western Sydney suburb of Austral continuing to grow, Bass Capital has provided a first mortgage loan to local developer Statewide Civil’s latest $9m residential development.

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AUGUST 2018

 

BASS CAPITAL ENTERS CONSUMER AND SMALL BUSINESS LENDING

Bass Capital has entered the consumer and business lending market with a loan warehouse to established local lender City Finance Holdings (“CFH”). CFH is a speciality finance company successfully operating for 20 years, providing finance for personal and business loans up to $100,000. BCB lending, wholly owned by Bass, has been established to service this growing sector in Australia.

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JULY 2018

BASS CAPITAL FINANCES $12M RESIDENTIAL SUBDIVISION IN AUSTRALIA

ass Capital has provided a first mortgage loan to Impressive Property Group’s latest 26 lot residential living development in a growing Western Sydney suburb. Situated 46 kilometres from the CBD, Austral forms part of the City of Liverpool Government Area.

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$365,000,000 TERM LOAN FINANCING – FINANCIAL ADVISORY & ACCOUNTING SERVICES

Bass Capital with its US-based partner participated in the refinancing of one of Australia’s leading non-bank financial advisory and accounting services businesses. The transaction includes a A$335 million bullet term loan facility and a A$30 million multi-currency bullet revolving working capital facility. This is the fifth investment in Australia between Bass and PennantPark.

 

APRIL 2018

$62,500,000 MEZZANINE FINANCING – CHILDCARE

Bass Capital with its US-based partner has participated in the debt financing package for a leading Australian operator of child care for primary school-aged children. With operations in more than 800 locations throughout Australia, the financing helps underpin the next growth phase. We participated in the 6 year A$62.5m 2nd Lien Term Loan Facility. This is the fourth investment in the Australian partnership between Bass and PennantPark.

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BASS CAPITAL FINANCES $26M SUBDIVISION IN ROUSE HILL

Bass Capital has provided a first mortgage loan to Clearstate’s latest 43 lot residential living development in Western Sydney. In one of Sydney’s fastest growing areas it offers quick and easy access to local transport, shops, schools and recreational facilities.

 

MARCH 2018

$105M INFRASTRUCTURE CONSUMABLES FINANCING

Bass Capital Partners (‘Bass’) with its US-based partner has participated in the acquisition of a leading provider of consumables to Australian infrastructure contractors. The partly debt-funded transaction included, inter alia, a A$65m Term Loan B facility. Participation in the acquisition’s term loan facility represents the third investment in the Australian partnership between Bass and PennantPark.

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BASS CAPITAL FINANCES $73M DEVELOPMENT IN PERTH

ass Capital has provided a first mortgage loan to the award-winning development ‘the Bottleyard’ in Northbridge, adjacent to the Perth CBD. The 125 unit development is successfully built with residual stock being refinanced by Bass Capital. Bass Capital is pleased to support development in the Perth market which is emerging from its recent downturn.

 

OCTOBER 2017

$350M AUSTRALIAN TECHNOLOGY FINANCING 

Bass Capital Partners (‘Bass’) with its US-based partner has participated in the financing of LEAP Legal Software Pty Ltd’s recent acquisition of InfoTrack Group Pty Limited. The transaction included a A$350m senior secured facility and merges two leading cloud-based Software-as-a-Service (‘SaaS’) providers to create a preeminent Australian technology company. Bass is pleased to support the transaction and further develop our Australian partnership with PennantPark.

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SEPTEMBER 2017

$460M HEALTHCARE FINANCING

Bass Capital with its US partner has participated in a $460m senior loan financing in the Australian healthcare sector.  Bass is pleased to participate in this substantial loan syndicate and grow our partnership with US-based PennantPark.

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AUGUST 2017

BASS CAPITAL FUNDS ANOTHER $18M DEVELOPMENT

Bass is the private fund of Nick Goh and Giles Borten and has quickly settle the financing of another development on flexible terms to the borrower. ‘Birchgrove’ is a 34 townhouse/villa development in Dapto being developed by Harrison Investment Holdings.

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JUNE 2017

BASS CAPITAL FINANCES $24M DEVELOPMENT IN WOLLONGONG

Bass Capital the private fund of Nick Goh and Giles Borten is sole lender to a 44 villa, 97 car space development ‘Carrington Park’ being developed by local property developer Derwent Property. Bass is proud to support regional development being overlooked by the major banks.

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MAY 2017

BASS CAPITAL FINANCES $8M BOUTIQUE DEVELOPMENT IN SPRINGWOOD

Bass Capital, the private fund of Nick Goh and Giles Borten, is sole lender to the beautiful high-end development ‘The Valley Springwood’. Bass Capital is proud to support the young, innovative developers at Glenstone Constructions in bringing a unique and sought after product to the Blue Mountains.

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JUNE 2016

SENIOR LENDER $12M PROPERTY DEVELOPMENT

Bass Finance No 4 PL provides senior debt to $12m townhouse development ‘Carrington Park’ in Wollongong.

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LEAD ADVISER/ INVESTOR ON £24m UK RAISING

eServeGlobal, a UK-listed global technology company secured equity and high yield debt.

Please click here to access the full article.

 

MAY 2016

BASS CAPITAL CLIENTS RETURN 18.50%pa FROM AAA RATED BONDS

Bass Capital purchased Emerald II Class A notes Mortgage Bonds in a wholesale trade, generating a substantial excess return for investors.

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MARCH 2016

 

PORTFOLIO CONSTRUCTION JOURNAL – ALTERNATIVE ASSETS PUBLICATION

For 9 years the most definitive research into risk/return in transport assets.

Please click here to access the full article.

Image by Joshua Aragon

© 2020 Bass Capital Partners ACN 606 680 353 | Bass Financial Services AFSL No. 499339. Created and developed by ROWLEY&CO

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