GPS has traditionally stuck to its niche market and focused on residential construction lending.
Due to the property market entering the next phase, where sales rates are slowing, we have received an increased number of applications for residual stock facilities.
To meet the market GPS has now secured additionally funding lines to service this market. Lending is to a 65% LVR (inclusive of fees and interest retention). Waterfall payments and terms up to 3 years are available.
Interest rates start at 9.5% with no line fee or early repayment fees.
Please give me a call if you have some quality stock you wish to refinance so you can move on with your next project.