Blackstone Ridge Pty Ltd5 Affinity Place, Birtinya, QLD, 4575
Borrower: Blackstone Ridge Pty Ltd ATF the Tailored Developments Unit Trust 4
GPS Invest loan amount: $4,187,950*
Maturity Date: 5 October 2019
LVR: 64.87% on completion
Return: 8.25% p.a. payable monthly in arrears
Proposed to be developed on the land is a four-level unit development to be known as ‘Affinity Place’. The proposed development comprises 21 two-bedroom units and 9 three-bedroom units. Two-bedroom units provide 75m2 of living area and three-bedroom units range from 89 to 111m2 of living area. Balconies range from 22 to 39m2. Each unit will provide two car accommodation.
*This loan is co-funded 50/50 with another lender.