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
Contributory Mortgage Fund
Unregistered managed investment scheme
Ark Capital Funds Limited is the Trustee and Investment Manager under AFSL 476209
investment schemes
Registered Mortgage only
Max First Mortgage LVR of 70%
Targeted returns net of fees of 9.0% p.a. plus
Residential industrial, child care, medical, commercial and retail sectors
Investment & Construction Loans
Focused on eastern seaboard capital cities and major regional locations
investors
Minimum investment of $50,000
Only available to investors who qualify as a ‘wholesale’ investor under the Corporations Act 2001; or invest $500,000
Open Projects
Projects Open for Investment within the Fund
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
Current Projects within Fund
(Closed for Investment)
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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