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