HONOLULU & BOSTON--(BUSINESS WIRE)--Admiral Realty Capital’s new private placement, Fund V, is engaged in providing financing to Puainako Heights Land Investment, the master-developer of a subdivision on the Big Island with over 330 single-family homesites. The offering is featured on the Boston-based crowdfunding platform Investors’ Harbour. (investorsharbour.com)
A much-needed project for the Island of Hawai'i
According to Jerry Chang, a former State Representative who held office for 24 years, the project holds great significance given the housing demand in the region, and the fact that the Land Use Division of the State of Hawaii allows only 5% of the islands’ lands to be urbanized. “The limited space makes it very challenging to acquire and entitle land, while increasing the value of approved sites for construction,” said Jerry Chang, who is also the President of Puainako Heights Homeowners Association and Director of University Relations at University of Hawaii, Hilo. “The Big Island is my home and I’m very excited to be a part of this once-in-a-lifetime experience as we establish a whole new neighborhood – from naming the streets to building living spaces that will host many generations to come.”
Real estate crowdfunding with a nautical twist
Different than most existing crowdfunding platforms, Investors’ Harbour does not feature an avalanche of small “fix-and-flip” projects handled by real estate enthusiasts. With a very low acceptance rate, Harbour only hosts larger-scale construction programs, conducted by commercial development firms with admirable track record.
Admiral Realty Capital is the principal sponsor of the offerings featured on the platform. With over 50 years of experience in development, construction management and real estate syndication Admiral presents members of the Harbour with competitive returns due to the advantage of financing ground-up construction in strategic locations. This not only gives the members access to industry-insider deals with above-market ROIs but also provides developers with an alternative to traditional financing from banks.
Chang also states that Admiral’s offering provides the perfect opportunity for “those who want to invest in the ever-fruitful Hawaiian land and benefit from its profitable market but don’t necessarily want to purchase property,” said Jerry Chang. “It will be a very exciting process to see investors get a significant return on their capital while contributing to the making of Big Island’s newest community.”