Salisbury Heights, SA
- Project: 20 Lot subdivision
- Loan amount: $200,000
- Total loan facility: $3,950,000
- Project term: 5 months
- Target return*: 8.5%
Project vision
This project is to subdivide a 20,000 sqm development into 20 lots in the Adelaide suburb of Salisbury Heights. 15 of these lots have now been pre-sold, providing full debt coverage to the project.
The borrower has effectively managed earthwork risks and maintained smooth operations throughout this phase, with the subdivision progressing well. Currently, the earthwork and services phase is 80% complete, which is on track especially considering the wet months in Adelaide. In the upcoming months, we will transition to the roadwork phase, which represents a significant milestone in the project.
The fund raise for phase 12 is for $200,000 to be completed in August 2023. These funds will be put towards construction invoices.
Project developer
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 5 years as the director of PVL Enterprise.
With the backing of investors and experience in finance brokerage, he has built an extensive 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.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Elderslie, NSW
- Project: 1 into 2 duplex
- Loan amount: $400k
- Total loan facility: $1.5m
- Project term: 15 months
- Target return*: 8.5% p.a.
Project vision
This project is to subdivide the current block and construct 2 duplexes on torrens titles. The initial raise for settlement will be $400,000 with subsequent phases used for construction.
Situated in the south-west of Sydney, Elderslie is part of the ever-growing Macarthur region. A diverse and high demand market, this area appeals to couples and families of all ages. This suburb contains several quality schools for both high school and primary school aged children, as well as day care and childcare centres, and has seen a significant increase in interest from young families looking to move into the area.
Project developer
Developer Ben Wong is an Accredited Specialist in Property, Notary Public and Partner in Marsdens Law Group Property Department.
Having worked in property for over a decade, Ben’s experience is backed by his extensive knowledge in all aspects of real property transactions and development. He achieved his accredited specialist in property law in 2017 which makes him one of the youngest property law specialists in NSW. Having also completed a Masters degree in Property and Development from the University of New South Wales, Ben understands what it takes to deliver high quality projects.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Glenroy, VIC
- Project: Construction and conversion to 2 x 6-bed co-living houses
- Loan amount: $450,000
- Total loan facility: $1,340,000
- Project term: 18 months
- Target return*: 8.5%
Project vision
This project is to build two six-room co-living rooming houses in Melbourne’s Glenroy suburb. It has two stages — land acquisition (already completed) and construction. Completion of the project is set to be 15 months from settlement.
The project is situated in Glenroy, VIC, 13km north of Melbourne’s CBD. Very close to amenities, train, and employment hubs, it’s designed to fill a demand in the growing ‘couples tenant’ market.
The development will be finished as ‘turn-key’, complete with fully furnished rooms including kitchenette and ensuite. As rooming houses, they also feature common kitchen and living areas, and an onsite laundry.
The fund raise for phase one is for $450,000 to be completed in February 2023.
Project developer
Cheryl Leong | Sahara Madhi | Matthew White
Massive Impact Co. was formed to provide safe, affordable housing for the community as well as give the everyday investor access to high cash flow investments. Sahara and Matthew are known as Melbourne’s rooming house experts having completed over 100 rooming house projects. They also own nine rooming houses and are licensed operators.
Cheryl is a developer and social entrepreneur that endeavours to combine purpose and profit to deliver projects that make a difference. Together they form a formidable team that is passionate, innovative and driven to deliver results and making a massive impact to others.
This project is launching soon, register now to ensure you’re ready to invest in this project.
