Creekwood Villas Pty Ltd (Stage 2)Lot 1702 Ellis Way, Meridan Plains, QLD, 4551
Borrower: Creekwood Villas Pty Ltd (Stage Two)
GPS Invest loan amount: $6,186,800
Maturity Date: 6 June 2020
LVR: 69.99% on completion
Return: 8.25% p.a. payable monthly in arrears
Meridan Plains is currently undergoing large scale residential development approved by the Sunshine Coast Council as part of an emerging community. This project forms part of the 17 stage Creekwood Residential Estate Masterplan within the AV Jennings “Creekside Estate”. This is the second stage to be funded by GPS.
The site is well positioned in terms of local amenities, close to schools, parks, supermarkets, taverns etc. Larger shopping amenities nearby include the currimundi Markets and the Stockland Caloundra Shopping Centre.