Tarneit VIC

Interest rate net to investor: Paid monthly
Valuation: $5,550,000 (ex GST).
LVR: 65%
Loan Term: 6 months
Total Loan: $3,607,500

The security property is 2.027 hectares of land located within the Urban Growth Zone of Greenvale, Victoria. The borrowing entity has been newly established for the purpose of an approved future land subdivision of 36 residential lots. This facility is for the land component only.

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Greenvale VIC

Interest rate net to investor: 8.5%pa paid monthly
Valuation: $5,550,000 (ex GST).
LVR: 65% of the valuation net GST
Loan Term: 6 months
Total Loan: $3,607,500 million (initial land facility)

The security property is vacant land of approximately 2.027 Hectares, located in the developing suburb of Greenvale  Victoria. The property has approval for 36 residential land lots that will be pre-sold and constructed at a later date. The site  in Greenvale is opposite a public recreation reserve and is neighboured by rural properties and other subdivisions. It is within close proximity to Greenvale Shopping Centre, Greenvale Primary School and approximately 9km from Melbourne Airport.

The borrower is an experienced property development group having completed a number of subdivisions over the past 40 years, including 120 lots in Doreen, 130 lots in South Morang, 430 lots in Point Cook, and 1500 lots in Sydenham. More information on the developer can be found on their website https://charleslloyd.com.au

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Rockbank VIC

Interest rate net to investor: 8.5%pa paid monthly
Valuation: $14.1 million (ex GST).
LVR: 65%
Loan Term: 12 months
Total Loan: $9.165 million

The security property is vacant land comprising of 17.67 hectares, it forms part of the Bridgefield Estate located in Rockbank, Victoria. The suburb of Rockbank is in the western suburbs approximately 29km from the Melbourne CBD, and is located within an Urban Growth Zone. Bridgefield Estate is close by to the already developed suburb of Caroline Springs, is accessed by the Western Freeway and the Rockbank train station.

Bridgefield Estate is a planned community that has already released, partly pre-sold, and begun works on stages 1 – 10. There are approximately 1000 sites in the development, with 440 of them already delivered. The borrower is seeking funds to refinance one portion of the vacant land within the planned estate for a period of 12 months, to then be released for pre- sale and development at a later date. The land being used as security has been approved by council and a permit issued for 311 individual lots. The civil works for the security land will be funded by another lender and this will form the exit strategy for the facility with ARK. (Please note that the valuation figure above is “As Is’ as the valuation was completed prior to the approval permit being issued).

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Main Ridge VIC

Interest rate net to investor: 7.5%
Valuation: $5,100,000
LVR: 30%
Loan Term: 12 months
Total Loan: $1,500,000

The borrower is seeking funds for further investment into a growing and well established business. The parties in this transaction are well known to ARK having established a borrowing history with us on a different security property that was successfully repaid within the loan terms in 2018,

The security property has a substantial size of 9.751 hectares and comprises a number of dwellings including a renovated residential property with pool, and fully established equestrian facilities. The facilities include a modern office area, function room, managers accommodation, horse stables, mounting yard, outdoor arena, multiple paddocks and three dams. The property is well maintained and has high quality landscaping throughout. This property is also unencumbered.

Main Ridge is located in a “green wedge” rural area of the Mornington Peninsula just over 1 hour from the Melbourne CBD.

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Malvern East VIC

Interest rate net to investor: 7% – paid monthly
LVR: 70%
Loan Term: 9 months (minimum of 6 months)
Total Loan: $7,560,000

The security comprises of 5 neighboring properties located in Malvern East, Victoria. Each property has an existing residential dwelling, and they are all on a separate titles. Combined the total land size is 2160sqm.

ARK previously funded the existing borrower who has now engaged in a joint venture project with a well known Melbourne Property
Developer. An application for high end apartments has been well underway for over 12 months, and ARK will be providing a 9 month term facility to the Developer to see out the planning application process.
The Developer will also be providing a guarantee over this new facility.

Malvern East is a blue chip suburb of Melbourne, located approximately 9km from the CBD. There have been recent projects completed in the area that are similar to the plans the Developer is proposing to council. The properties are located across from Central Park and are well serviced with shopping, transport and local amenities.

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Armadale VIC

Interest rate net to investor: 8.75%
Valuation: $7,750,000
LVR: 70%
Loan Term: 6 months minimum – 9 months maximum
Total Loan: $5,425,000

The borrower is a property developer who is seeking funds to refinance the security and complete demolition works on the current residential dwelling. The council has issued a demolition permit for this to take place and once completed there will be approximately 1,722sqm of land that is zoned “General Residential”. General Residential zoning allows for construction of medium to high density resideital developments subject to council approval.

Given the approved demolition permit issued by council the ARK instructed valuation was completed to asses the underlying land value only.

Armadale is an inner suburb located approximately 7km South East of Melbourne. The security property is located within close proximity to public trabsport links including Armadale train station.

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Riverstone NSW

Interest rate net to investor: 10%
Valuation: $24,700,000
LVR: 60%
Loan Term: 12 Months
Total Loan: $14,820,000.00
Interest: Paid Monthly

The developers are seeking funds to refinance the land, complete the Civil works (roads, drainage & services), and subdivide the site into 4 super lots that will allow for 123 new dwellings in the future. The subject property comprises a single lot with a total site area of 3.699 hectares and is a Greenfield residential development site within the north-western Sydney suburb of Riverstone. The site is zoned R2 ‘Low Density Residential’.

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Greenvale VIC

Interest rate net to investor: 8.75%
Valuation: $25,600,000 (ex GST) “as if complete”
LVR: 56%
Loan Term: 12 Months
Total Loan: $14,500,000
Interest: Paid Monthly

The group developing this project are highly experienced and have developed a number of land subdivision projects throughout Melbourne.

For the past 6 months ARK has provided the borrower with a facility for the land bank and will now provide further construction funding for the completion of civil works for the council approved subdivision.

ARK has been provided with an unlimited personal guarantee from the Company Director.

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Noble Park VIC

Interest rate net to investor: 9%
Valuation: $2,240,000 net of GST
LVR: 65%
Loan Term: 9 Months
Total Loan: $1,450,000.00
Interest: Paid Monthly

The Borrowers are developers who are seeking funds to complete 4 two storey, 3 bedroom, 2 bathroom townhouses in Noble Park Victoria. The site itself is a corner block with double street frontage. Each of the townhouses will have their own street frontage and independent driveway access. Two of the four townhouses have already been pre-sold to local purchasers in the amount of $1,200,000 providing 82% debt cover. Construction on the project has already commenced.

The borrowers have used their own capital up until this point are would like a 9 month loan term to see the construction through to completion.

Noble park has seen steady property growth prices over the past five years and is located approximately 25km south east of the Melbourne CBD.

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South Yarra VIC

Interest rate net to investor: 7% indicative variable rate
Valuation: Combined value of approximately $1.6 million (TBC)
LVR: No greater than 70% of the Lenders independent approved valuation
Loan Term: 12 Months
Total Loan: $1,120,000.00
Interest: Paid Monthly

The borrower is seeking funds to further invest in his already established business. The borrower is apart of a well-known business network and has been involved in a number of sound businesses and investments in the past.

The security properties are well located in the highly sought after suburb of South Yarra in Melbourne. South Yarra is within close proximity of the Melbourne CBD, the Royal Botanical Gardens and well connected via public transport links. It is also home to Melbourne Girls Grammar School and Melbourne High School.

The exit strategy on this loan is to sell both properties to pay out the loan.

Note: This loan has the possibility of early payout, with the borrower able to replay after 4 months without penalty.

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Hindmarsh SA

Interest rate net to investor: 9%
Valuation: $6,380,000.00 Net of GST (“as if complete” Val)
LVR: 67%
Loan Term: 14 Months
Total Loan: $4,274,600.00
Interest: Paid Monthly

The borrower is seeking funds for a construction facility for an apartment project that is ideally located north-west of Adelaide in the suburb of Hindmarsh, 4.5km from the CBD. The council approved plans consisting of a four level residential building development for 16 residential apartments, including car parking. To date seven of the 16 apartments are subject to arm’s length unconditional contracts of sale. The apartments that have been sold to date are returning sales of $415,000 to $515,000.

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Mawson Lakes SA

Interest rate net to investor: 10.75%
Valuation: $11,937,600.00 TBC
LVR: 58% ( on TBC completion value)
Loan Term: 12 Months
Total Loan: $4,700,000.00
Interest: Paid Monthly

A purpose built student accommodation project comprising 48 rooms overall that accommodate 94 beds in total. There is a total of 46 two-bedroom homes and two one-bedroom homes with ample living spaces (most are 58sqm) plus balconies in some instances.

This project has an estimated cost base of $8.5million of which the developer will contribute the first $5.5million from his own cash resources.

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Glenelg SA

Interest rate net to investor: 9%
Valuation: $11,000,000.00 TBC
LVR: 60%
Loan Term: 12 Months
Total Loan: $6,600,000.00
Interest: Paid Monthly

The borrower is an experienced hotelier and builder/developer who owns the proposed security property. Currently the site is The Comfort Inn hotel/motel. This two-storey dwelling will be demolished to make room for a hotel complex with apartments, shops, gym and function centre. Approval for the development has been secured with construction expected to commence in 12 months’ time and completed by 2019. Funds are required to cover costs for the initial stage of the project which includes costs for architect drawings and marketing. The loan will be based on land value only of the security property which is estimated to be approximately $11million.

Interest on the loan will be paid monthly from the hotel lease and income shows 1.5 times debt cover. The repayment of the facility will be refinanced by a mainstream construction lender.

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Mosman & Robertson NSW

Interest rate net to investor: 8%
Valuation: $3,650,000.00
LVR: 75%
Loan Term: 12 Months
Total Loan: $2,737,000.00
Category: Business Loan
Interest: Paid Monthly

The borrowers are experienced, and have an established business with a number of secure long-term work contracts within the public and private sector.

The company is looking at acquiring funds to further service the demands of their growing business. The securities of the loan are located in Mosman & Robertson NSW.

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Mordialloc VIC

Interest rate net to investor: 8%
Valuation: $3,058,000.00 (as if complete)
LVR: 67% (on completion value)
Loan Term: 12 Months
Total Loan: $1,918,880.00 excl GST
Category: Residential Construction
Interest: Held by Lender for the loan term

As at 27 February 2016, four townhouses have been sold for a combined value of $3.058million. The development consists of three two-storey townhouses ranging in size from 148m2 up to 158m2, with basement car parking and one single-storey unit of some 126m2 together with garage access. Development of four residential townhouses that are all pre-sold. Known developer with an arm’s length building contract.

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South Yarra VIC

Interest rate net to investor: 8%
Valuation: $800,000.00
LVR: 50%
Loan Term: 12 Months
Total Loan: $375,000.00
Category: Residential Investment
Interest: Paid in Advance by borrower

Residential Investment Loan. The security is a two-bedroom, two-bathroom apartment with two car spaces in the heart of South Yarra. A generous living/dining area features an open plan kitchen equipped with dishwasher, stainless steel benches and an island on wheels, while a full width balcony overlooks beautifully landscaped grounds. A main bedroom with a balcony also includes built-in robes and an en suite and is complemented by a second bedroom and stylish central bathroom.

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Hallett Cove SA

Interest rate net to investor: 10%
Valuation: $475,000.00
LVR: 67%
Loan Term: 12 Months
Total Loan: $320,000.00
Category: Residential Investment
Interest: First 6 months Paid in Advance by borrower,
borrower to make interest payments from
commencement of loan for the remaining 6 months

The borrower is self-employed and has been operating an electrical services business for over 15 years. He is seeking funds to refinance the existing First Mortgage on the security property and additional funds for working capital purposes. The security property is located in Hallett Cove SA, approximately 20kms south-west of the Adelaide CBD. It is a single-storey dwelling on approx. 640sqm of land. The repayment of this facility will be via refinance through a mainstream lender.

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