New project funding - 52 Coomurra Drive phase 2

Our subdivision project at 52 Coomurra Drive, Salisbury Heights, Adelaide, is now raising funds for phase 2.

Phase two of this subdivision sees the demolition of the existing property and the initial civil works begin. We’re raising $500k for this phase.

Key details:

  • We’re raising $500k for phase 2
  • 7% pa target income return*
  • Loan term up to 11 months
  • First mortgage secured

To be ready to pledge funds against this project, the best thing to do is register on the platform and complete the application process.

To find out more about the project and pledge funds, register on the CrowdProperty platform now.

Strategy and vision

This project is to subdivide a 20,000 sqm development into 20 lots in the Adelaide suburb of Salisbury Heights. The first raise (completed) is assisting in settling the land, which had a precondition of 10 pre-sales. Completion of the project is set to be 15 months from settlement.

The opportunity is located centrally in the inner Northern suburbs of Adelaide. Salisbury Heights is a destination for many first home buyers as the development opportunity is situated in a prime location with views to be captured over Adelaide and located close by.

Phase two investment is for $500,000

The borrower and project team

Developer Phi Le’s expertise lies within the property sector, procuring equitable projects for residential clients, developers, and investors. He has been involved on a range of developments for the last seven years as the director of PVL Enterprise.

With a backing of investors and experience in finance brokerage, he has built an extensive relationship with key providers and is able to consult in tailored finance solutions. His involvement within the industry over the years has seen him acquire a network of professionals, mentors and business contacts, a key element that is combined with proficiency and determination in both sectors that has seen him succeed in an evolving industry.

Find out more about the project, developer, and his experience with CrowdProperty Australia