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.

2 unit/s sold.
Construction is 61.29% complete.
61.29 Complete

Recent updates

View all updates

When the funding dries up

I continue to see too many instances where funding for a...

Builder cashflows are suffering

Following several conversations with builders GPS has commenced a program to...