Glen Iris, VIC
- Project: 2 x 3 bedroom townhouses
- Loan amount: $1,310,000
- Total loan facility: $3,000,000
- Project term: 18 months
- Target return*: 8.5% p.a.
Project vision
This project is to build two 3-bedroom townhouses in Melbourne’s Glen Iris suburb. Completion of the project is set to be 18 months from settlement.
Glen Iris is a well-established and sought-after suburb located in the southeastern part of Melbourne, Victoria. The area is known for its beautiful tree-lined streets, large heritage homes, and attractive parks, making it a popular destination for families and professionals alike.
The first phase of this project will be raising $1,310,000 for refinancing the current loan, with subsequent phases to be used for construction.
Project developer
Having worked in the industry for nearly a decade, developer James Rankin is a passionate and experienced property professional. Undertaking a wide range of roles, from design to buyers agency, James has an intimate understanding of the end-to-end process of projects, assisting him greatly in delivering high-quality projects.
This project is launching soon, register now to ensure you’re ready to invest in this project.
New Lambton, NSW
- Project: 4 Villas
- Loan amount: $100,000
- Total loan facility: $2,200,000
- Project term: 15 months
- Target return*: 8.5% p.a.
Project vision
This project is to construct 4 Villas in the Newcastle suburb of New Lambton. The initial raise for settlement will be $100,000 with subsequent phases used for construction.
New Lambton is a charming suburb located in the city of Newcastle, New South Wales, Australia. It lies approximately 8 kilometers west of the city center, offering a blend of suburban tranquillity and convenient access to urban amenities.
The suburb offers a family-friendly environment, making it popular among young families and retirees. Residents enjoy a peaceful ambiance while still benefiting from easy access to shopping centers, parks, schools, and recreational facilities.
Project developer
Developer Michael Richards has lived and breathed property for several years. Working in various project management roles during his career has helped him understand the project management process, working with clients, understanding their values, and helping clients achieve end-to-end results. Michael is a member of various property investment and development communities, with strong connections to experts in these fields.
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.
