Capital Raising
OPEN
Northrock Pty Ltd
15% p.a. Investment Opportunity, secured against property.
INDUSTRY
Financial Services
RAISING
A$5M
UNIT PRICE
A$1.00
MINIMUM INVESTMENT
A$100,000
Investment Highlights
Company Overview
Transaction Overview
Team
News
Transaction Summary
NorthRock
Raising A$5M
$1.00 Unit Price
$100,000 minimum investment
Investment Highlights
15% Investment Opportunity, secured against property
To complete the development of:
- Commercial gym and associated parking
- Self-storage complex
Lot 2&3 self storage is in advanced negotiations for sale - gym has signed Agreement Lease in place see Fund Updates
About Northrock
Northrock endeavors to democratise investment opportunities, providing access to quality assets that are typically available only to the super-rich.
Their expertise is practical, not just theoretical.
Unlike typical fund managers, Northrock has sourced, screened, researched, constructed, managed, and transacted assets ourselves. They are not ex-bankers; but asset experts with hands-on experience.
Project Delivery Team
Real Property Advice (RPA) leads the successful delivery of this project with a hands-on management approach. From design development and procurement to sales and completion, the team ensures every phase is expertly handled.
Why Trust the RPA Team?
- Hands-on management approach ensures attention to detail across all project stages
- Expertise in design development, procurement, sales, and completion for seamless delivery
- A results-driven and client-focused team, committed to exceeding expectations
- Broad and complementary skill sets combine to provide the comprehensive knowledge essential for successful project outcomes
Founded by Scott Northcott, Real Property Advice is a leading real estate investment and development group delivering innovative solutions to clients and partners. With over 20 years of expertise among its key personnel, the team offers unparalleled value across a wide range of industry sectors.
Why Choose Real Property Advice?
- Founded by Scott Northcott, a seasoned property developer with qualifications in real estate, financial planning, and mortgage broking.
- A proven track record in managing high-value deals, including corporate contracts, development acquisitions, and individual property transactions.
- A team of over 10 experienced property and business professionals dedicated to excellence.
- Extensive experience delivering end-to-end projects valued between $5 million and $70 million.
- Expertise in Australian and U.S. markets, with investor communications and property acquisition capabilities.
- Cutting-edge strategies and tailored solutions to meet client needs. At Real Property Advice, we blend experience, strategy, and innovation to turn opportunities into success for our clients and partners.
Real Property Advice
Real Property Advice (RPA) leads the successful delivery of this project with a hands-on management approach. From design development and procurement to sales and completion, the team ensures every phase is expertly handled. Why Trust the RPA Team?
- Hands-on management approach ensures attention to detail across all project stages.
- Expertise in design development, procurement, sales, and completion for seamless delivery.
- A results-driven and client-focused team, committed to exceeding expectations.
- Broad and complementary skill sets combine to provide the comprehensive knowledge essential for successful project outcomes.
John Denmar
John has over 20 years in the construction and development industry including a 12-year career at The Rohrig Group – a construction industry leader in Qld & NSW. Working “hands on” as a carpenter through to construction management, John has delivered more than $650 million worth of projects in Qld and NSW.
Craig Pratt
Craig’s expertise encompasses sales, project management and financial analysis over three decades. He holds a Masters in Project Management specialising in Property Development augmented with practical experience delivering over 50 projects from $2m - $100m in value.
Fund Manager
Scott Northcott is the Fund Manager for the Northrock Opportunity Fund – Arana Hills and has overarching responsibility for setting the Fund’s strategy and capital management. Scott works with NorthRock’s specialist teams to formulate asset plans for each of the Fund’s properties and to make acquisitions and divestments.
Scott has extensive experience in property investment and development, holding qualifications in real estate, financial planning and mortgage broking. He has been involved in a wide range of high-value property transactions and has developed a strong understanding of market cycles and investment strategies. Scott is committed to delivering strong returns to investors while ensuring the strategic growth and management of the Fund.
Transaction Overview
The Trustee is seeking to deliver to Investors a pre-tax return of 15% per annum on their investment money for the term of the Fund, net of fees and costs but excluding tax, while preserving
Investor capital.
Interest accrues from the day units are issued to an investor.
The Trustee will use the equity raised under the Offer to lend to its related body corporate, the Borrower, for the purposes of:
- acquiring the Property and then developing the Project on
- the Property;
- to pay the costs of the Offer; and
- to pay management fees to the Trustee and the costs of operating the Fund.
The acquisition of the Property, the subdivision of the Property into three lots and the construction on those lots of a:
- commercial gym and associated parking;
- self-storage complex; and
- a series of industrial units.
Development approval for the Project has been lodged and is well advanced. It is possible that the Project may differ, to reflect a deal on foot for Lots 2&3 or Council requirements.
For details see Fund Update
There has been a 75% uplift in valuation since acquisition, see Project Update 6 Note that at acquisition of the property, the loan to valuation ratio will be at least 100% because the Facility Amount is greater than the purchase price of the Property and can be drawn down for construction purposes after the Property is acquired.
24 months. The Trustee expects the Borrower to repay the Loan within 24 months of its initial drawdown rather than at the end of the term of the Loan (36 months).
The potential benefits of investing in the Fund include:
- participation in lending generally only available to banks and non-bank lenders;
- an attractive target return;
- an experienced Development Manager with a proven track record;
- secured lending; and
- solid Project feasibility.
The risks of investing in the Fund include (but are not limited to):
- related party risk;
- counter-party credit risk;
- security risk;
- development and construction risk; and
- concentration risk.
Refer Information Memorandum dated 22 May 2024
No withdrawals
Investors should consider an investment in the Fund as illiquid. Investors may only withdraw their investment in the Fund pursuant to a withdrawal offer being made by the Trustee. The Trustee does not intend to make withdrawal offers until the Loan has been repaid (in part or in full). Although Investors may transfer their units to another Wholesale Client (with the consent of the Trustee), there is no secondary market for Units.
The Trustee may, in its absolute discretion, compulsorily redeem all or a portion of Units held by an Investor. Any such redemption will occur at the prevailing unit price, which is based on the Fund’s NAV.
The Trustee does not intend to make any distributions of income or capital (if any) until the Loan has been repaid (in part or in full).
If the Loan and all outstanding interest is repaid by the Borrower on the Repayment Date (or earlier), then the Trustee intends to make all distributions of income shortly thereafter and redeem all Investor’s Units in the Fund as part of winding up the Fund. If the Borrower repays the Loan in part before the Repayment Date, then the Trustee may distribute the money received and may redeem part of an Investor’s capital.
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