Freeman Road Project Pty Ltd

70 Freeman Road, Durack QLD 4077

Borrower: Freeman Road Project Pty Ltd
GPS Invest loan amount: $5,638,700
Maturity Date: 24 October 2020
LVR: 69.98% on completion
Return: 8.25% p.a. payable monthly in arrears

The development consists of the construction of twenty townhouses, six three-bedroom and fourteen four-bedroom, built within five separate two storey buildings.  The three-bedroom townhouses will include a single lock up garage and the four bedroom townhouses will include a double access lockup garage. Communal facilities will include a BBQ area.

6 unit/s sold.
Construction is 6.69% complete.
6.69 Complete

Recent updates

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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...