Bedrock Mortgage Fund – November 2024

November 2024 marked a full year since Bedrock’s launch in December of the previous year and saw a significant milestone for Ark, with the first funds drawn from the Mason Stevens and Netwealth platforms.

The November 2023 return, at an annualised 11.26%, is consistent with the returns achieved in the previous 11 months, making it 12 consecutive months within the band of 11.25% to 11.35%. The fund’s diversity metrics remain strong, with 24 loans, 17 borrowers, 9 regions, 6 states and territories, and loans spanning the Industrial, Residential, Retail, and Medical sectors.

Investments made during the month included two new loan facilities: a residential land investment in Margaret River, WA, and, in a first for the fund, a high-end residential investment property in New Farm, Brisbane. 

The fund’s return outlook remains strong, with all investments featuring prepaid borrower interest, interest rate floors, and an average loan term to expiry of just over 9 months.