Greg Williams Constructions Pty Ltd

40 Timor Avenue, Loganholme QLD 4129

Borrower: Greg Williams Constructions Pty Ltd
GPS Invest loan amount: $2,699,000
Maturity Date: 12 March 2020
LVR: 69.91% on completion
Return: 8.25% p.a. payable monthly in arrears

The approved development will consist of four detached buildings with a total of 11 two-level, three-bedroom, two-bathroom townhouses, each including a separate toilet and laundry. Each townhouse will have a side-by-side single garage and single carport (lots 4, 7 and 10 have tandem garage/carport configuration).

Construction is 79.09% complete.
79.09 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...