Our preference at GPS is to work with repeat borrowers and repeat teams. Repeat projects also go straight to the top of the pile.
When funding the second stage of a project, GPS has already formed a good working relationship with the team involved, and knows how the project is performing. The process from start to finish of these loans is often smoother.
There are several loans coming up in the pipeline for the further stages of projects funded by GPS, SP Development A Pty Ltd (Stage 2), EMI Pty Ltd (Stage 2) and Union Share Pty Ltd (Stage 2). Check these out on our website and let Olivia know if you’d like to be placed on the wait lists.
A second stage of a project currently available for investment is Creekwood Villas Pty Ltd. Construction is currently 23.01% complete and performing well ahead of milestones.
The project is located at Meridan Plains which is undergoing large scale residential development approved by the Sunshine Coast Council as part of an emerging community. The site is close to local amenities, schools, parks, supermarkets, the Currimundi Markets and the Stockland Caloundra Shopping Centre.
17 of the 27 townhouses from stage one are under contract, with all prices achieved at valuation. Marketing for stage two will commence as soon as stage one is 75% sold. However, purchasers are already showing interest in the second stage.
Creekwood Villas Pty Ltd (Stage 2) is currently open for investment. Please contact Olivia for a copy of the SPDS on 1800 999 109 or firstname.lastname@example.org.