PAST OPPORTUNITIES

Elwood, Melbourne

Interest rate
LVR
Loan Term
Total Loan

7.75% p.a.
70%
12 months
$3,710,000

Funding was provided to assist with the purchase of 2 properties and allow the borrower to obtain planning approvals. Located in a prime inner suburb of Melbourne, the borrower was seeking planning approval for 13 high end residential apartments. The borrower was a very experienced private development group.

Greenwich, Sydney

Interest rate
LVR
Loan Term
Loan Term

7.0% p.a.
50%
9 months
$9,000,000

Funding was provided to assist with the purchase of 2 properties and allow the borrower to obtain planning approvals. Located in a prime location on the lower north shore of Sydney, the borrower was seeking planning approval for 40 high end residential apartments . The borrower’s parent company was a well-known experienced real estate fund manager.

Tarneit, Melbourne

Interest rate
LVR
Loan Term
Total Loan

8.5% p.a.
60%
6 months
$4.2 million

The security property was for 4.88 hectares of land located within the Urban Growth Zone of Tarneit, Melbourne.

The borrowing entity was newly established for the purpose of future land subdivision. The future subdivision was approved for 88 lots, with an average size of 314 sqm.

Greenvale, Melbourne

Interest rate
LVR
Loan Term
Total Loan

8.5% p.a.
65%
6 months
$3,607,500

The security property was for vacant land of ~2,020 hectares. The property had approval for 36 residential land lots that will be pre-sold and constructed at a later date. 

The site is opposite a public recreation reserve and is neighboured by rural properties. It is within close proximity to Greenvale Shopping Centre, Greenvale Primary School and ~9 km from Melbourne Airport.

The borrower is an experienced property development group having completed a number of subdivisions over the past 40 years, including 130 lots in South Morang, 430 lots in Point Cook and 1500 lots in Sydenham.

Rockbank, Melbourne

Interest rate
LVR
Loan Term
Total Loan

8.5% p.a.
65%
12 months
$9.2 million

Funding was provided to refinance an existing facility on one portion of a large residential estate development. The land had a permit approved for subdivision into 311 lots.

The borrower is an experienced developer of similar large scale residential subdivisions throughout Melbourne.

Main Ridge, Victoria

Interest rate
LVR
Loan Term
Total Loan

7.5% p.a.
30%
12 months
$1,500,000

The security property was for 9.751 hectares with a number of dwellings including a renovated residential property with pool, and fully established equestrian facilities. 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 was also unencumbered.

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

The parties in this transaction are well-known to ARK, having established a borrowing history on a different security property that was successfully repaid within the loan terms in 2018,

Malvern East, Melbourne

Interest rate
LVR
Loan Term
Total Loan

7% p.a.
70%
9 months
$7,560,000

The security comprised of 5 neighbouring properties. Each property had an existing residential dwelling on separate titles. The total land size combined is 2160 sqm. 

Malvern East is a blue chip suburb of Melbourne, located ~9 km from the Melbourne CBD. The properties are located across from Central Park and are well serviced with shopping, transport and local amenities.

ARK previously funded the existing borrower who engaged in a joint venture project with a well-known Melbourne Property Developer. ARK provided a 9-month term facility to the Developer to see out the planning application process. The Developer also provide a guarantee over the facility.

Armadale, Melbourne

Interest rate
LVR
Loan Term
Total Loan

8.75% p.a.
70%
9 months
$5,425,000

Funding was provided to assist with the purchase of a property and allow the borrower to obtain planning approvals. 

The property is located in the prime high-end leafy inner eastern suburb of Armadale.

The borrower was seeking approval for a luxury apartment development. The borrower is a very experienced private development group.

Riverstone, New South Wales

Interest rate
LVR
Loan Term
Total Loan

10% p.a.
60%
12 months
$14,820,000

Funding was provided to refinance the land, complete the Civil works (roads, drainage & services) and subdivide the site into 4 super lots 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’.

Noble Park, Melbourne

Interest rate
LVR
Loan Term
Total Loan

9% p.a.
65%
9 months
$1,450,000

Funding was provided to complete 4 two storey, 3 bedroom and 2 bathroom townhouses. The site is a corner block with double street frontage. 

Noble park is located approximately 25 km south east of the Melbourne CBD.

Hindmarsh, Adelaide

Interest rate
LVR
Loan Term
Total Loan

9% p.a.
67%
14 Months
$4,274,600

Funding was provided for an apartment project located north-west of Adelaide in the suburb of Hindmarsh, 4.5 km from the Adelaide CBD. 

The council approved plans consisting of a four level residential building development for 16 residential apartments, including car parking.

Mawson Lakes, South Australia

Interest rate
LVR
Loan Term
Total Loan

10.75% p.a.
58%
12 months
$4,700,000

Funding was provided for a purpose built student accommodation project comprising 48 rooms. There is a total of 46 two-bedroom homes and two one-bedroom homes with ample living spaces (most are 58 sqm) plus balconies in some instances.

Glenelg, Adelaide

Interest rate
LVR
Loan Term
Total Loan

9% p.a.
60%
12 Months
$6,600,000

Funding was provided for a two-storey dwelling and was demolished for a hotel complex with apartments, shops, gym and function centre.

The borrower is an experienced hotelier and builder/developer who owned the proposed security property.

Mordialloc, Melbourne

Interest rate
LVR
Loan Term
Total Loan

8% p.a.
67%
12 months
$1,918,880

Funding was provided for the development of three two-storey townhouses ranging in size from 148 m2 up to 158 m2, with basement car parking and one single-storey unit of some 126 m2 together with garage access.

* Interest rates are paid net to investors and paid monthly