2583 Gold Coast Highway (a.k.a. 51 Peerless Avenue) Mermaid Beach, QLD, 4218

Borrower: Peerless Avenue Pty Ltd ATF Peerless Avenue Unit Trust
Loan amount: $5,956,950*
Loan term: 15 months
LVR: 59.76% on completion
Completed: May 2019

The construction of 32 residential units and 4 retail and commercial lots.

*This loan was co-funded 50/50 with another lender.

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...