Green Point, NSW
- Project: Renovation
- Loan amount: $565,000
- Total loan facility: $565,000
- Project term: 12 months
- Target return*: 8.5% p.a.
Project vision
The project will see a 4-bedroom house renovated to a high-level finish. The scope of work includes a new kitchen with new cabinetry and appliances. In addition, there will be a new laundry, bathroom and ensuite, with new flooring throughout the dwelling also.
This project is situated in the coastal suburb of Greenpoint, just an hour outside of Sydney, in the heart of the central coast. The initial loan of $565,000 will be used for settlement.
Project developer
With more than 15 years of experience as an engineer, developer Matt Tomkins has an eye for detail and an excellent understanding of what it takes to deliver high-quality projects. Having transitioned into full-time development in 2020, Matt and the team at Nest Egg Homes specialise in cosmetic renovations and house flips that modernise the family home.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Rockville, QLD
- Project: 4 SDA Villas
- Loan amount: $705,000
- Total loan facility: $3,200,000
- Project term: 12 months
- Target return*: 10.5% p.a.
Project vision
This project is to build 4 Specialist Disability Accommodation (SDA) villas in Rockville. The initial raise for settlement will be $705,000 with subsequent phases used for construction.
Rockville is a suburb located in the city of Toowoomba, Queensland, Australia. Toowoomba is known as the “Garden City” and is situated on the Darling Downs, approximately 125 kilometers west of Brisbane. Rockville. Rockville is situated to the northwest of Toowoomba’s central business district and offers a range of amenities and services to its residents. The suburb is known for its family-friendly atmosphere and proximity to schools, parks, and shopping centers. Like much of Toowoomba, Rockville benefits from the city’s well-regarded educational institutions and healthcare facilities.
The subject site is 12 min drive to Toowoomba Hospital and 3 min drive to St Andrews Hospital. There are a total of 4 townhouses, each 3 bedroom, with one of the rooms being an Onsite, Overnight, Assistance (OOA). The project has 10 car spaces. The development will target - 8 participants - 4x High Physical Support, 2x Robust and 2x Fully Accessible. The borrower is working with Aruma as the Supported Independent Living provider for this project.
Current demand for SDA is outstripping supply, with more than 150 NDIS participants expected to be in or looking for these properties in the coming years.
Project developer
UNITED HOUSING GROUP PTY LTD - Directors, Ryan Glaser & Cheyne Cooke
UHA is a specialist property development and management firm that provides innovative housing solutions to improve the lives of Australians living with disabilities, particularly those funded through the National Disability Insurance Scheme. Previous experience includes 2x completed SDA deals in Toowoomba. They have a vision to deliver $144m in the SDA space in 10 years.
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% p.a.
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 a kitchenette and ensuite. As rooming houses, they also feature a 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 who 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 make a massive impact on others.
This project is launching soon, register now to ensure you’re ready to invest in this project.
