We are thrilled to announce that CrowdfundUP has successfully closed Australia's first crowdfunded property deal.
Within a month of launching the platform, $500,000 was raised for the development of eight, multi level residential units with our Perth-based partner developer, Megara. The 12 month short-term investment opportunity was fulfilled by a select group of five retail and wholesale investors who will receive redeemable shares with a capped return of 11%.
CrowdfundUP are proud to be the first company in Australia to have closed a crowdfunded property deal. CrowdfundUP's second investment opportunity with Brisbane developer, Twin Ocean Property, will be live in the next few weeks, and we look forward to connecting investors to many more institutional quality property investment opportunities.