Wholesale

Ark Wholesale Mortgage Fund

About the fund

Ark Wholesale Mortgage Fund is a contributory fund established 
by Ark Capital in 2021 with the purpose of providing Ark Capital wholesale investors and borrowers with greater flexibility on loan and investment structures. The fund held an average 11.05% investment return to investors over the past 12 months.

Type & structure

investment schemes

investors

Open Projects

The Moorings

Newport, NSW

$34M First Mortgage Construction Facility located in Newport, NSW which is situated within the highly sought after Northern Beaches area.

Investment Summary

LVR: 65.00%
Term: 12-Months
Interest Rate: 10.50% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $34,000,000

To assist the Sponsor with the refinance of the property and assist with the funding of the subdivision of 8 waterfront residential lots including a private deep-water marina berth for each allotment. The project is in Newport, NSW which 
is situated within the highly sought after Northern Beaches area.

The Base

Oakleigh, VIC

A 3-story multi-purpose industrial warehouse that will house self-storage units & hi-tech workspaces, consisting of 12,374 sqm gross floor area.

Investment Summary

LVR: 60.00%
Term: 20-Months
Interest Rate: 9.75% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $25,788,500

19 pre-sales of the strata units have been secured representing gross revenue of $9,600,000 and 23% debt coverage. Highly experienced commercial & industrial developer. Victorian Industrial demand remains strong.

Dobson Place

Morayfield, QLD

10 lot rural residential land subdivision which forms Stages 5 & 6 of the ‘Dobson Place’ Estate.

Investment Summary

LVR: 65.00%
Term: 10-Months
Interest Rate: 10.50% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $4,392,000

To assist the Sponsor with the refinance of the Property and to assist with the funding of a 10-lot rural residential land subdivision to be undertaken over 2 stages. The Project is located in Morayfield which is nestled in Queensland’s Moreton Bay Region.

PROJECTS WITHIN THE FUND

Spindrift

Margaret River, WA

A residential sub-division comprising the development of 423 lots located in Margaret River, Western Australia.

Investment Summary

LVR: 65.00%
Term: 6-Months
Interest Rate: 10.25% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $6,936,000

Spindrift is a residential sub-division comprising the development of 423 lots located in Margaret River, WA. Stage 1 comprises 75 residential lots has recently completed. 49 presales have been achieved to date, of which 21 have settled. The subject facility will be secured by 54 remaining lots and will be repaid from sales settlements

Wellington

Box Hill, VIC

First Mortgage Land facility for a future development of a 20 level Structure, incorporating medical and allied services in Box Hill.

Investment Summary

LVR: 65.00%%
Term: 18-Months
Interest Rate: 10.25% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $8,775,000

Stage 2 of the project known as ‘Wellington Health’ comprising a 19-level medical building with 12,350 Sqm of net lettable area. Wellington Health Presents a new Health Precinct location to service overflow from Box Hill.

Mont Albert

Mont Albert, VIC

First mortgage Land facility for the future development of a 4-storey residential apartment building in Mont Albert.

Investment Summary

LVR: 65.00%
Term: 12-Months
Interest Rate: 10.50% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $5,200,000

Repeat Sponsor who is well known to ARK Capital. Proposed development of a 4-storey apartment building comprising of 43 apartments and 2 levels of basement parking over a total land area of 2,069m².

Springwood

Gawler East, SA

First Mortgage Land Facility funding the delivery of stages 4-8 of the ‘Springwood Gawler East’ estate consisting of 252 allotments across a 18.72ha site.

Investment Summary

LVR: 55.00%
Term: 6-Months
Interest Rate: 10.50% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $25,000,000

Large well-known developer specialising in the delivery of regional community developments. Clearly defined exit strategy via refinance into a construction facility which will also be provided by ARK Capital. The proposed construction facility will fund the delivery of Stages 4-8 of the ‘Springwood Gawler East’ estate which will consist of 252 allotments across a total site area of 18.72ha

Old Bay Road

Deception Bay, QLD

The subdivision of 38 residential lots including road dedication, pathway link and a public open space lot.

Investment Summary

LVR: 65.00%
Term: 12-Months
Interest Rate: 11.00% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $10,660,000

To assist with the funding of the subdivision of 38 residential lots. The Property is located in Deception Bay which is within Queensland’s dynamic Moreton Bay Region. Shadforth Civil which is one of Queensland’s largest civil contractors has been appointed on the Project.

Tapestry

North Melbourne, VIC

Mixed-use, multi staged development comprising six buildings, incorporating apartments, commercial and retail offerings, connected rooftop amenity.

Investment Summary

LVR: 72.00%
Term: 16-Months
Interest Rate: 20.00% 
(variable, Linked to RBA Cash Rate)
Facility Limit: $12,000,000

The Project is known as “Tapestry” and is located at the corner of Boundary Rd & Alfred St, North Melbourne Victoria 3051. The six buildings will be delivered in two stages over an anticipated 4-year period.

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