TORONTODec. 5, 2018 /CNW/ – Amuka Capital today announced that it has led a $1,026,500 capital raise for the Tollo Group’s Arcis development in South Calgary.  Funds raised from over 25 accredited investors were used to acquire the land in Marda Loop on 29th Ave SW in October 2018 and develop it into a four-unit luxury development to be built by Lear Construction Management Ltd.

Amuka Capital believes that the uniqueness of this project, combined with the strength in the luxury Calgary real estate market will be able to provide investors with strong risk-adjusted returns.

“It’s not everyday you have the opportunity to develop a unique 4-unit luxury development in a single family home neighbourhood.  Our partners at Tollo Group and Lear Construction Management put together a unique opportunity both for the residents and the investors” said Ben Feferman, Managing Partner of Amuka Capital.

“I flew out to see the site in June 2018 and loved it from the first moment I laid my eyes on the property. An offering like this one does not come by our desk very often, and when it does, we jump on the opportunity to see if it fits our mandate through our extensive due diligence process. We had to underwrite this offering with precision while balancing a quick need for execution on the capital raise. It was no easy task, but we believe investors deserve better and I like to go the extra mile to try and protect investor capital” said Aaron Meckler, Amuka Capital’s Chief Investment Officer.

“This project is situated on one of the best lots in South Calgary. While the site is very unique, it posed great design challenges with its aggressive slope. Challenging and unique characteristics required financial partners who also believed in the site and project as much as we did. Amuka Capital became as passionate about the project, and it showed in their performance.” added Dan MacKinnon, Co-Founder, Tollo Group.

Amuka Capital is currently leading an equity raised for a strategic re-zone in Brantford, Ontario. To learn more about investment opportunities with Amuka Capital, please visit

About Amuka Capital

Amuka Capital is a boutique investment bank specializing in real estate and private equity. Our experienced team of investment professionals help investors build diverse portfolios in the private capital markets. Amuka Capital Corp is an Investment Bank registered under The Securities Act as an exempt market dealer in ON, BC, and AB. NRD # 62220

About Tollo Group:

Tollo, the latin meaning of “to lift up; to raise; to elevate”, is a community first real estate development firm that focuses on building living and work spaces. Tollo puts emphasis on the revitalization and transformation of sites into vibrant and desirable properties, which tend to be located in vibrant and established communities (often in the inner-city). Principals Dan McKinnon and Ian Ball have over six years of extensive experience in real estate development throughout Alberta and British Columbia. Between McKinnon and Ball’s expertise, Tollo continues to make a positive and unique mark on urban living in western Canada.


This press release contains “forward-looking statements” including statements with respect to Amuka Capital’s potential returns and timelines. All forward-looking statements are based on current beliefs as well as various assumptions.  By their very nature, forward-looking statements involve inherent risks and uncertainties. Readers should not rely on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Tollo Arcis Development Corp.

SOURCE Amuka Capital

For further information: Amuka Capital, Aaron Meckler, Co-Founder and Chief Investment Officer, E: [email protected], P: 647-502-3558, W: